XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,616 $ 321
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization of (additions to) acquisition costs, net 1,116 (908)
Realized investment gains, net (520) (432)
Unrealized (gains) losses on equity securities, net (5,458) 7,831
Compensation expense related to share awards 184 370
Depreciation and amortization 753 772
Deferred income tax benefit (25) (2,841)
Increase in receivables, net (8,448) (4,731)
Increase (decrease) in insurance reserves and policyholder funds 7,081 (842)
Decrease in accounts payable and accrued expenses (3,374) (1,752)
Other, net (2,479) 1,308
Net cash used in operating activities (9,554) (904)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investments sold 19,261 8,916
Proceeds from investments matured, called or redeemed 8,065 5,584
Investments purchased (22,120) (17,277)
Additions to property and equipment (89) (188)
Net cash provided by (used in) investing activities 5,117 (2,965)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of dividends on common stock (408) 0
Proceeds from shares issued under stock plans 6 7
Treasury stock acquired - net employee share-based compensation (153) (91)
Net cash used in financing activities (555) (84)
Net decrease in cash and cash equivalents (4,992) (3,953)
Cash and cash equivalents at beginning of period 19,319 12,893
Cash and cash equivalents at end of period 14,327 8,940
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 1,045 1,309
Cash paid for income taxes $ 3,202 $ 3,310