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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 29,078 $ 11,609
Adjustments to reconcile net income to net cash provided by operating activities:    
Losses and settlement expenses (affiliated $13,483 and $42,957) 10,277 41,703
Unearned premiums (affiliated $10,937 and $7,730) 9,924 6,928
Other policyholders' funds due to affiliate (1,553) 214
Amounts due to/from affiliate to settle inter-company transaction balances (7,432) (3,923)
Net pension and postretirement benefits due from affiliate (842) (1,379)
Reinsurance receivables due from affiliate 2,670 (4,717)
Prepaid reinsurance premiums due from affiliate 2,383 921
Commissions payable (affiliated $(3,404) and $(4,536)) (3,401) (4,716)
Deferred policy acquisition costs (affiliated $(3,309) and $(1,650)) (3,061) (1,514)
Accrued investment income (314) (208)
Current income tax 3,979 (4,513)
Deferred income tax 221 (750)
Net realized investment gains (4,057) (3,605)
Other, net (affiliated $1,698 and $(1,913)) 7,572 (295)
Total adjustments to reconcile net income to net cash provided by operating activities 16,366 24,146
Net cash provided by operating activities 45,444 35,755
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of fixed maturity securities available-for-sale (116,334) (87,159)
Disposals of fixed maturity securities available-for-sale 77,417 64,056
Purchases of equity securities available-for-sale (34,729) (26,493)
Disposals of equity securities available-for-sale 30,816 23,589
Purchases of other long-term investments (6,101) (5,537)
Disposals of other long-term investments 301 209
Net disposals (purchases) of short-term investments 20,504 (3,633)
Net disbursements under reverse repurchase agreements (16,850) 0
Net cash used in investing activities (44,976) (34,968)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock through affiliate’s stock plans 6,219 5,607
Excess tax benefit associated with affiliate’s stock plans 71 75
Dividends paid to stockholders (affiliated $(3,924) and $(3,610)) (6,792) (6,140)
Net cash used in financing activities (502) (458)
NET INCREASE (DECREASE) IN CASH (34) 329
Cash at the beginning of the year 383 239
Cash at the end of the quarter $ 349 $ 568