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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 4,118 $ (2,682)
Adjustments to reconcile net income (loss) to net cash provided (used) in operating activities:    
(Additions to) amortization of acquisition costs, net (443) 13
Realized investment gains, net (16) (13)
Unrealized gains on equity securities (3,376) (129)
Losses from equity method investees 292 318
Compensation expense related to share awards 2 6
Benefit for credit losses (15) (5)
Depreciation and amortization 180 238
Deferred income tax expense (benefit) 860 (673)
Increase in receivables, net (22,196) (11,918)
Increase in insurance reserves and policyholder funds 30,407 12,830
Decrease in accounts payable and accrued expenses (1,248) (2,689)
Other, net (9) (199)
Net cash provided by (used in) operating activities 8,556 (4,903)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investments sold 6,869 0
Proceeds from investments matured, called or redeemed 9,304 5,935
Investments purchased (13,031) (8,612)
Additions to property and equipment (434) (94)
Net cash provided by (used in) investing activities 2,708 (2,771)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of dividends on common stock (407) (407)
Treasury stock acquired — net employee share-based compensation (4) (7)
Proceeds from revolving credit facility, net 0 1,000
Net cash (used in) provided by financing activities (411) 586
Net increase (decrease) in cash and cash equivalents 10,853 (7,088)
Cash and cash equivalents at beginning of period 35,570 28,301
Cash and cash equivalents at end of period 46,423 21,213
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 1,559 1,723
Cash paid for income taxes $ 727 $ 580