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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (2,682) $ 298
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Amortization of acquisition costs, net 13 1,070
Realized investment gains, net (13) (70)
Unrealized investment (gains) losses, net (129) 1,881
Losses from equity method investees 318 16
Compensation expense related to share awards 6 99
Provision for credit losses (5) 27
Depreciation and amortization 238 357
Deferred income tax benefit (673) (1,300)
Increase in receivables, net (11,918) (11,814)
Increase in insurance reserves and policyholder funds 12,830 6,653
Decrease in accounts payable and accrued expenses (2,689) (3,246)
Other, net (199) 1,133
Net cash used in operating activities (4,903) (4,896)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investments sold 0 3,685
Proceeds from investments matured, called or redeemed 5,935 7,675
Investments purchased (8,612) (12,000)
Additions to property and equipment (94) (68)
Net cash used in investing activities (2,771) (708)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of dividends on common stock (407) 0
Treasury stock acquired - net employee share-based compensation (7) (12)
Proceeds from revolving credit facility, net 1,000 1,000
Net cash provided by financing activities 586 988
Net decrease in cash and cash equivalents (7,088) (4,616)
Cash and cash equivalents at beginning of period 28,301 28,863
Cash and cash equivalents at end of period 21,213 24,247
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 1,723 1,547
Cash paid for income taxes $ 580 $ 776