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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 2,842 $ (431)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
(Additions to) amortization of acquisition costs, net (1,177) 1,513
Realized investment losses (gains), net 10 (121)
Unrealized gains on equity securities, net (2,193) (744)
Earnings from equity method investees (2) 0
Compensation expense related to share awards 27 67
Depreciation and amortization 240 264
Deferred income tax expense (benefit) 886 (492)
Decrease in receivables, net 3,789 4,559
Decrease in insurance reserves and policyholder funds (10,226) (6,693)
Decrease in accounts payable and accrued expenses (2,676) (2,250)
Other, net 473 (1,716)
Net cash used in operating activities (8,007) (6,044)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investments sold 44 13,266
Proceeds from investments matured, called or redeemed 3,875 4,506
Investments purchased (5,052) (10,564)
Additions to property and equipment (1) (39)
Net cash (used in) provided by investing activities (1,134) 7,169
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from shares issued under stock plans 0 2
Net cash provided by financing activities 0 2
Net (decrease) increase in cash and cash equivalents (9,141) 1,127
Cash and cash equivalents at beginning of period 24,753 19,319
Cash and cash equivalents at end of period 15,612 20,446
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest $ 346 $ 351