XML 30 R10.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 50,162 $ 29,992 $ 43,519
Adjustments to reconcile net income to net cash provided by operating activities:      
Losses and settlement expenses (affiliated $20,517, $50,339 and $22,836) 17,465 51,128 27,084
Unearned premiums (affiliated $8,177, $11,672 and $22,572) 7,342 11,466 24,412
Other policyholders' funds due to affiliate (1,432) 1,662 2,436
Amounts due to/from affiliate to settle inter-company transaction balances (2,151) (531) (7,261)
Net pension and postretirement benefits due from affiliate (2,691) (4,761) 1,267
Reinsurance receivables due from affiliate 4,367 1,725 1,174
Prepaid reinsurance premiums due from affiliate 2,302 852 (4,521)
Commissions payable (affiliated $3,191, $(196) and $2,078) 3,265 (408) 2,227
Deferred policy acquisition costs (affiliated $(1,605), $(1,516) and $(2,988)) (1,377) (1,551) (3,367)
Accrued investment income (494) (311) (46)
Current income tax (1,643) (1,424) 3,213
Deferred income tax 2,883 3,635 407
Net realized investment gains (6,153) (4,349) (8,997)
Other, net (affiliated $1,796, $(1,122) and $1,369) 13,767 4,690 5,286
Total adjustments to reconcile net income to net cash provided by operating activities 35,450 61,823 43,314
Net cash provided by operating activities 85,612 91,815 86,833
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of fixed maturity securities available-for-sale (235,242) (209,885) (264,178)
Disposals of fixed maturity securities available-for-sale 174,971 131,942 175,664
Purchases of equity securities available-for-sale (83,098) (50,154) (40,580)
Disposals of equity securities available-for-sale 70,905 45,698 47,479
Purchases of other long-term investments (8,416) (7,613) (1,798)
Disposals of other long-term investments 2,297 530 246
Net (purchases) disposals of short-term investments 14,663 2,904 (2,786)
Net disbursements under reverse repurchase agreements (16,850) 0 0
Net cash used in investing activities (80,770) (86,578) (85,953)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of common stock through affiliate’s stock plans 9,078 7,392 10,208
Excess tax benefit associated with affiliate’s stock plans 95 103 96
Dividends paid to stockholders (affiliated $(8,162), $(7,377) and $(6,749)) (14,174) (12,588) (11,275)
Net cash used in financing activities (5,001) (5,093) (971)
NET INCREASE (DECREASE) IN CASH (159) 144 (91)
Cash at the beginning of the year 383 239 330
Cash at the end of the year 224 383 239
Income taxes paid 20,254 8,703 13,714
Interest paid to affiliate $ 337 $ 384 $ 900