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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 5,023 $ 4,790
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Realized (gains) losses on sale of investments and other assets (6) (751)
Net deferred policy acquisition costs (6,300) (2,811)
Amortization of cost of customer relationships acquired 1,405 1,592
Increase (decrease) in fair value of warrants (1,215) (252)
Depreciation 451 524
Amortization of premiums and discounts on fixed maturities and short-term investments 2,243 1,377
Deferred federal income tax expense (benefit) 45 27
Change in:    
Accrued investment income (1,182) 276
Reinsurance recoverable 289 1,185
Due premiums and other receivables 548 1,037
Future policy benefit reserves 24,942 18,903
Other policyholders' liabilities 1,050 2,833
Federal income tax receivable 1,067 746
Commissions payable and other liabilities 786 (3,492)
Other, net (1,101) (1,945)
Net cash provided by (used in) operating activities 28,045 24,039
Cash flows from investing activities:    
Sale of fixed maturities, available-for-sale 0 6,866
Maturity and calls of fixed maturities, available-for-sale 61,186 86,600
Maturity and calls of fixed maturities, held-to-maturity 27,000 51,250
Purchase of fixed maturities, available-for-sale (51,507) (105,524)
Purchase of fixed maturities, held-to-maturity (54,174) (31,140)
Sale of equity securities, available-for-sale 0 591
Calls of equity securities, available-for-sale 432 50
Purchase of equity securities, available-for-sale (1,000) (136)
Principal payments on mortgage loans 23 24
Increase in policy loans (1,334) (1,877)
Sale of other long-term investments 3 0
Purchase of other long-term investments (17) (261)
Purchase of property and equipment (1,342) (1,071)
Maturity of short-term investments 0 2,500
Net cash provided by (used in) investing activities (20,730) 7,872
Cash flows from financing activities:    
Warrants exercised 17 0
Annuity deposits 3,162 2,458
Annuity withdrawals (1,841) (1,669)
Net cash provided by (used in) financing activities 1,338 789
Net increase (decrease) in cash and cash equivalents 8,653 32,700
Cash and cash equivalents at beginning of year 49,723 48,625
Cash and cash equivalents at end of period 58,376 81,325
Supplemental disclosures of operating activities:    
Cash paid during the period for income taxes $ 1,338 $ 1,171