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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 6,804 $ 14,654
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Losses and settlement expenses (affiliated $5,016 and $2,962) 4,597 2,805
Unearned premiums (affiliated $2,021 and $(37)) 1,595 174
Other policyholders' funds due to affiliate 550 2,304
Amounts due to/from affiliate to settle inter-company transaction balances (12,135) (13,717)
Net pension and postretirement benefits due from affiliate (512) (350)
Reinsurance receivables due from affiliate (171) 2,894
Prepaid reinsurance premiums due from affiliate (1,035) (517)
Commissions payable (affiliated $(7,270) and $(8,297)) (7,270) (8,304)
Deferred policy acquisition costs (affiliated $905 and $303) 1,023 258
Accrued investment income (1,081) (1,150)
Current income tax 1,682 7,617
Deferred income tax (410) (1,395)
Net realized investment losses 627 1,085
Other, net (affiliated $(3,145) and $(2,733)) 1,997 (472)
Total adjustments to reconcile net income to net cash (used in) provided by operating activities (10,543) (8,768)
Net cash (used in) provided by operating activities (3,739) 5,886
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of fixed maturity securities available-for-sale (39,461) (43,163)
Disposals of fixed maturity securities available-for-sale 41,013 54,269
Purchases of equity securities available-for-sale (17,490) (21,284)
Disposals of equity securities available-for-sale 12,134 15,469
Purchases of other long-term investments (6,087) (1,020)
Disposals of other long-term investments 365 198
Net (purchases) disposals of short-term investments 14,140 (9,848)
Net receipts under reverse repurchase agreements 3,500 0
Net cash provided by (used in) investing activities 8,114 (5,379)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock through affiliate’s stock plans 1,953 4,277
Repurchase of common stock (1,758) (383)
Dividends paid to stockholders (affiliated $(2,472) and $(2,237)) (4,428) (3,928)
Net cash used in financing activities (4,233) (34)
NET INCREASE IN CASH 142 473
Cash at the beginning of the year 307 224
Cash at the end of the quarter $ 449 $ 697