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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 40,267 $ 13,838
Adjustments to reconcile net income to net cash provided by operating activities:    
Losses and settlement expenses (affiliated $24,595 and $56,542) 22,621 55,099
Unearned premiums (affiliated $32,636 and $33,364) 31,593 32,481
Other policyholders' funds due to affiliate (1,560) 50
Amounts due to/from affiliate to settle inter-company transaction balances (1,212) (13,272)
Net pension and postretirement benefits due from affiliate (2,366) (1,999)
Reinsurance receivables due from affiliate 3,204 (1,363)
Prepaid reinsurance premiums due from affiliate 1,227 (152)
Commissions payable (affiliated $(801) and $(2,607)) (778) (2,787)
Deferred policy acquisition costs (affiliated $(5,629) and $(4,594)) (5,367) (4,462)
Accrued investment income (1,421) (954)
Current income tax (2,577) (5,855)
Deferred income tax 1,872 356
Net realized investment gains (11,555) (3,215)
Other, net (affiliated $704 and $(3,839)) 9,092 (546)
Total adjustments to reconcile net income to net cash provided by operating activities 42,773 53,381
Net cash provided by operating activities 83,040 67,219
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of fixed maturity securities available-for-sale (185,108) (137,283)
Disposals of fixed maturity securities available-for-sale 118,513 97,799
Purchases of equity securities available-for-sale (66,030) (35,659)
Disposals of equity securities available-for-sale 54,411 31,036
Purchases of other long-term investments (7,758) (7,007)
Disposals of other long-term investments 1,958 344
Net disposals (purchases) of short-term investments 20,464 (13,825)
Net disbursements under reverse repurchase agreements (16,850) 0
Net cash used in investing activities (80,400) (64,595)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock through affiliate’s stock plans 7,738 6,647
Excess tax benefit associated with affiliate’s stock plans 83 99
Dividends paid to stockholders (affiliated $(5,925) and $(5,415)) (10,274) (9,228)
Net cash used in financing activities (2,453) (2,482)
NET INCREASE IN CASH 187 142
Cash at the beginning of the year 383 239
Cash at the end of the quarter $ 570 $ 381