XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,163 $ 2,531
Adjustments to reconcile net income to net cash used in operating activities:    
(Additions to) amortization of acquisition costs, net (3,546) 1,149
Realized investment losses (gains), net 72 (171)
Unrealized (gains) losses on equity securities, net 2,673 (4,747)
Earnings from equity method investees 18 0
Compensation expense related to share awards 65 134
Depreciation and amortization 465 510
Deferred income tax benefit (694) (393)
Increase in receivables, net (12,729) (14,734)
Increase in insurance reserves and policyholder funds 10,077 7,197
Decrease in accounts payable and accrued expenses (2,104) (4,112)
Other, net 124 (1,250)
Net cash used in operating activities (4,416) (13,886)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investments sold 221 14,546
Proceeds from investments matured, called or redeemed 6,241 7,064
Investments purchased (11,398) (17,018)
Additions to property and equipment (68) (65)
Net cash (used in) provided by investing activities (5,004) 4,527
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of dividends on common stock (408) (408)
Proceeds from shares issued under stock plans 0 4
Treasury stock acquired - net employee share-based compensation (15) (24)
Proceeds from revolving credit facility, net 1,000 0
Net cash provided by (used in) financing activities 577 (428)
Net decrease in cash and cash equivalents (8,843) (9,787)
Cash and cash equivalents at beginning of period 24,753 19,319
Cash and cash equivalents at end of period 15,910 9,532
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 726 697
Cash paid for income taxes $ 899 $ 2,602