XML 34 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 39,238 $ 46,203 $ 50,162
Adjustments to reconcile net income to net cash provided by operating activities:      
Losses and settlement expenses (affiliated $40,880, $14,364 and $20,517) 42,080 11,758 17,465
Unearned premiums (affiliated $12,752, $5,045 and $8,177) 12,912 5,450 7,342
Other policyholders' funds due to affiliate (3,055) 4,347 (1,432)
Amounts due to/from affiliate to settle inter-company transaction balances (10,855) 4,814 (2,151)
Net pension and postretirement benefits due from affiliate (2,783) (3,045) (2,691)
Reinsurance receivables due from affiliate (10,324) 2,910 4,367
Prepaid reinsurance premiums due from affiliate (3,480) (2,746) 2,302
Commissions payable (affiliated $981, $(1,662) and $3,191) 903 (1,697) 3,265
Deferred policy acquisition costs (affiliated $(188), $(125) and $(1,605)) (175) (219) (1,377)
Accrued investment income (236) (261) (494)
Current income tax (1,815) 8,512 (1,643)
Deferred income tax (7,426) (1,057) 2,883
Net realized investment gains (6,556) (4,074) (6,153)
Other, net (affiliated $(1,058), $960 and $1,796) 10,474 12,539 13,767
Total adjustments to reconcile net income to net cash provided by operating activities 19,664 37,231 35,450
Net cash provided by operating activities 58,902 83,434 85,612
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of fixed maturity securities available-for-sale (310,684) (403,134) (235,242)
Disposals of fixed maturity securities available-for-sale 235,626 330,239 174,971
Purchases of equity securities available-for-sale (62,939) (63,683) (83,098)
Disposals of equity securities available-for-sale 83,256 71,106 70,905
Purchases of other long-term investments (14,782) (8,720) (8,416)
Disposals of other long-term investments 3,433 571 2,297
Net (purchases) disposals of short-term investments 16,057 (1,071) 14,663
Net receipts (disbursements) under reverse repurchase agreements 3,500 (3,150) (16,850)
Net cash used in investing activities (46,533) (77,842) (80,770)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of common stock through affiliate’s stock plans 7,527 11,070 9,078
Excess tax benefit associated with affiliate’s stock plans 0 0 95
Repurchase of common stock (1,858) (383) 0
Dividends paid to stockholders (affiliated $(10,006), $(9,182) and $(8,162)) (17,998) (16,196) (14,174)
Net cash used in financing activities (12,329) (5,509) (5,001)
NET INCREASE (DECREASE) IN CASH 40 83 (159)
Cash at the beginning of the year 307 224 383
Cash at the end of the year 347 307 224
Income taxes paid 9,820 13,967 20,254
Interest paid to affiliate $ 337 $ 337 $ 337