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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income $ 22,785 $ 20,078
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,320 1,298
Amortization of investments, net 678 492
Amortization of other intangible assets, net 378 379
Share-based compensation expense related to stock appreciation rights 192 204
Net gain on disposals of property (26) (28)
Net realized investment gains (327) (1,199)
Net change in estimated fair value of equity security investments 2,867 (6,218)
Net earnings from other investments (1,764) (1,286)
Provision for claims 4,452 3,610
(Benefit) provision for deferred income taxes (391) 1,340
Changes in assets and liabilities:    
Increase in premium and fees receivables (4,768) (502)
(Increase) decrease in other assets (3,893) 360
Decrease (increase) in operating lease right-of-use assets 577 (4,619)
Increase (decrease) in accounts payable and accrued liabilities 3,206 (205)
(Decrease) increase in operating lease liabilities (565) 4,622
Decrease in current income taxes payable (527) (4,839)
Payments of claims, net of recoveries (2,253) (3,534)
Net cash provided by operating activities 21,941 9,953
Investing Activities    
Purchases of fixed maturities (517) (1,235)
Purchases of equity securities (9,270) (3,921)
Purchases of short-term investments (13,668) (89,519)
Purchases of other investments (1,090) (1,456)
Proceeds from sales and maturities of fixed maturity securities 7,139 7,280
Proceeds from sales of equity securities 9,412 4,040
Proceeds from sales and maturities of short-term investments 4,291 100,821
Proceeds from sales and distributions of other investments 2,010 2,490
Proceeds from sales of other assets 22 2
Purchases of property (2,245) (1,020)
Proceeds from the sale of property 58 140
Net cash (used in) provided by investing activities (3,858) 17,622
Financing Activities    
Repurchases of common stock 0 (11)
Exercise of stock appreciation rights (1) 0
Dividends paid (2,497) (2,266)
Net cash used in financing activities (2,498) (2,277)
Net Increase in Cash and Cash Equivalents 15,585 25,298
Cash and Cash Equivalents, Beginning of Period 25,949 18,694
Cash and Cash Equivalents, End of Period 41,534 43,992
Cash Paid During the Year for:    
Income tax payments, net 6,889 9,150
Non-cash net unrealized gain on investments, net of deferred tax provision of $(333) and $(601) for September 30, 2020 and 2019, respectively (1,212) (2,246)
Adjustments to postretirement benefits obligation, net of deferred tax benefit of $9 and $0 for September 30, 2020 and 2019, respectively 32 0
Adjustments to operating lease right-of-use assets for September 30, 2020 and 2019, respectively $ 94 $ 0