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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 12,308 $ 20,782
Adjustments to reconcile net income to net cash provided by operating activities:    
Losses and settlement expenses (affiliated $19,257 and $15,152) 18,959 12,064
Unearned premiums (affiliated $11,906 and $8,829) 11,477 9,013
Other policyholders' funds due to affiliate (603) 2,866
Amounts due to/from affiliate to settle inter-company transaction balances (6,396) 3,434
Net pension and postretirement benefits due from affiliate (579) (375)
Reinsurance receivables due from affiliate 163 1,284
Prepaid reinsurance premiums due from affiliate (5,618) (4,608)
Commissions payable (affiliated $(4,895) and $(6,411)) (4,904) (6,472)
Deferred policy acquisition costs (affiliated $(215) and $(789)) (105) (831)
Accrued investment income 149 219
Current income tax (2,902) 3,489
Deferred income tax (754) (1,810)
Net realized investment gains (2,760) (549)
Other, net (affiliated $(2,247) and $103) 3,961 5,228
Total adjustments to reconcile net income to net cash provided by operating activities 10,088 22,952
Net cash provided by operating activities 22,396 43,734
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of fixed maturity securities available-for-sale (101,700) (180,471)
Disposals of fixed maturity securities available-for-sale 81,762 178,454
Purchases of equity securities available-for-sale (28,859) (33,014)
Disposals of equity securities available-for-sale 36,098 28,787
Purchases of other long-term investments (11,084) (5,920)
Disposals of other long-term investments 857 198
Net (purchases) disposals of short-term investments 3,535 (29,286)
Net receipts under reverse repurchase agreements 3,500 0
Net cash used in investing activities (15,891) (41,252)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock through affiliate’s stock plans 4,129 6,262
Repurchase of common stock (1,758) (383)
Dividends paid to stockholders (affiliated $(4,944) and $(4,473)) (8,868) (7,867)
Net cash used in financing activities (6,497) (1,988)
NET INCREASE IN CASH 8 494
Cash at the beginning of the year 307 224
Cash at the end of the quarter $ 315 $ 718