XML 18 R8.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (431) $ (8,087)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of deferred acquisition costs 1,513 556
Realized investment gains, net (121) (249)
Unrealized (gains) losses on equity securities, net (744) 8,455
Compensation expense related to share awards 67 99
Depreciation and amortization 264 251
Deferred income tax benefit (492) (2,269)
Decrease in receivables, net 4,559 3,218
Decrease in insurance reserves and policyholder funds (6,693) (9,060)
Decrease in accounts payable and accrued expenses (2,250) (3,928)
Other, net (1,716) 502
Net cash used in operating activities (6,044) (10,512)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investments sold 13,266 5,641
Proceeds from investments matured, called or redeemed 4,506 2,555
Investments purchased (10,564) (2,204)
Additions to property and equipment (39) (38)
Net cash provided by investing activities 7,169 5,954
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from shares issued under stock plans 2 3
Net cash provided by financing activities 2 3
Net increase (decrease) in cash and cash equivalents 1,127 (4,555)
Cash and cash equivalents at beginning of period 19,319 12,893
Cash and cash equivalents at end of period 20,446 8,338
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest $ 351 $ 491