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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income $ 7,484 $ 12,126
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 933 877
Amortization of investments, net 475 285
Amortization of other intangible assets, net 252 252
Share-based compensation expense related to stock appreciation rights 154 147
Net gain on disposals of property (17) (22)
Net realized investment gains (141) (776)
Net change in estimated fair value of equity security investments 6,486 (5,812)
Net earnings from other investments (806) (673)
Provision for claims 2,900 2,623
(Benefit) provision for deferred income taxes (1,285) 724
Changes in assets and liabilities:    
(Increase) decrease in premium and fees receivables (2,735) 297
(Increase) decrease in other assets (5,013) 274
Decrease (increase) in operating lease right-of-use assets 414 (4,660)
Increase (Decrease) in Income Taxes Receivable 0 (613)
Increase (decrease) in accounts payable and accrued liabilities 9,110 (2,656)
(Decrease) increase in operating lease liabilities (409) 4,663
Decrease in current income taxes payable (219) (4,981)
Payments of claims, net of recoveries (1,539) (1,314)
Net cash provided by operating activities 16,044 761
Investing Activities    
Purchases of equity securities (7,633) (3,048)
Purchases of short-term investments (13,528) (86,726)
Purchases of other investments (750) (1,118)
Proceeds from sales and maturities of fixed maturity securities 3,079 4,575
Proceeds from sales of equity securities 6,991 3,059
Proceeds from sales and maturities of short-term investments 1,939 100,741
Proceeds from sales and distributions of other investments 664 1,808
Proceeds from sales of other assets 22 1
Purchases of property (1,446) (642)
Proceeds from the sale of property 43 94
Net cash (used in) provided by investing activities (10,619) 18,744
Financing Activities    
Repurchases of common stock 0 (11)
Exercise of stock appreciation rights (1) 0
Dividends paid (1,664) (1,511)
Net cash used in financing activities (1,665) (1,522)
Net Increase in Cash and Cash Equivalents 3,760 17,983
Cash and Cash Equivalents, Beginning of Period 25,949 18,694
Cash and Cash Equivalents, End of Period 29,709 36,677
Cash Paid During the Year for:    
Income tax payments, net 3,413 7,972
Non-cash net unrealized gain on investments, net of deferred tax provision of $(322) and $(511) for June 30, 2020 and 2019, respectively (1,162) (1,905)
Adjustments to postretirement benefits obligation, net of deferred tax benefit of $9 and $0 for June 30, 2020 and 2019, respectively $ 32 $ 0