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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 14,077 $ 13,054
Adjustments to reconcile net income to net cash provided by operating activities:    
Losses and settlement expenses (affiliated $30,338 and $35,368) 28,969 35,929
Unearned premiums (affiliated $35,030 and $37,373) 35,186 37,558
Other policyholders' funds due to affiliate (868) (3,221)
Amounts due to/from affiliate to settle inter-company transaction balances (8,434) (15,432)
Net pension and postretirement benefits due from affiliate (4,207) (638)
Reinsurance receivables due from affiliate (1,798) (4,753)
Prepaid reinsurance premiums due from affiliate 319 (6,450)
Commissions payable (affiliated $(2,190) and $(2,309)) (2,121) (2,318)
Deferred policy acquisition costs (affiliated $(6,475) and $(3,176)) (6,539) (3,171)
Accrued investment income (428) (913)
Current income tax (2,075) (6,209)
Deferred income tax 638 257
Net realized investment gains (losses) and, beginning in 2018, change in unrealized investment gains on equity investments 118 (2,166)
Other, net (affiliated $888 and $(1,545)) 7,859 8,596
Total adjustments to reconcile net income to net cash provided by operating activities 46,619 37,069
Net cash provided by operating activities 60,696 50,123
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of fixed maturity securities available-for-sale (248,571) (174,579)
Disposals of fixed maturity securities available-for-sale 218,525 121,463
Purchases of equity investments (57,558)  
Purchases of equity investments   (43,868)
Disposals of equity investments 52,052  
Disposals of equity investments   49,595
Purchases of other long-term investments (7,305) (12,231)
Disposals of other long-term investments 3,364 1,304
Net (purchases) disposals of short-term investments (10,104) 14,415
Net receipts under reverse repurchase agreements 0 3,500
Net cash used in investing activities (49,597) (40,401)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock through affiliate’s stock plans 4,478 5,553
Repurchase of common stock (1,455) (1,858)
Dividends paid to stockholders (affiliated $(7,769) and $(7,416)) (14,167) (13,322)
Net cash used in financing activities (11,144) (9,627)
NET INCREASE (DECREASE) IN CASH (45) 95
Cash at the beginning of the year 347 307
Cash at the end of the quarter $ 302 $ 402