XML 41 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ 14,912 $ 24,437
Adjustments to reconcile net income to net cash provided by operating activities:    
Investment related gains (losses), net of sales of investments and other assets 2,626 (760)
Net deferred policy acquisition costs (23,867) (12,841)
Amortization of cost of customer relationships acquired 597 604
Depreciation 619 515
Amortization of premiums and discounts on investments 5,116 4,940
Stock-based compensation 1,517 588
Deferred federal income tax expense (benefit) (1,800) 860
Change in:    
Accrued investment income (186) (229)
Reinsurance recoverable (2,950) 569
Due premiums (457) 565
Future policy benefit reserves (423) (4,062)
Other policyholders' liabilities 22,476 10,325
Federal income tax receivable 1,398 (922)
Commissions payable and other liabilities 13,754 (917)
Other, net (1,414) (1,616)
Net cash provided by operating activities 31,918 22,056
Cash flows from investing activities:    
Sale of fixed maturities, available-for-sale 15,161 29,883
Maturities and calls of fixed maturities, available-for-sale 51,234 29,488
Purchase of fixed maturities, available-for-sale (84,412) (72,802)
Sales of equity securities 0 6,631
Principal payments on mortgage loans 9 7
(Increase) decrease in policy loans, net 4,143 3,414
Sale of other long-term investments 3,565 5,394
Purchase of other long-term investments and real estate (16,210) (17,318)
Purchase of property and equipment (663) (442)
Maturity of short-term investments 0 750
Sales of short-term investments 0 499
Net cash used in investing activities (27,173) (14,496)
Cash flows from financing activities:    
Annuity deposits 7,500 7,129
Annuity withdrawals (9,578) (9,686)
Acquisition of treasury stock 0 (919)
Other share repurchases (393) (60)
Net cash provided by financing activities (2,471) (3,536)
Net increase (decrease) in cash and cash equivalents 2,274 4,024
Cash and cash equivalents at beginning of year 26,997 22,973
Cash and cash equivalents at end of year $ 29,271 $ 26,997