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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities    
Net income $ 22,894 $ 25,541
Adjustments to reconcile net income to net cash provided by operating activities    
Net accretion of bond premium 7,857 7,076
Depreciation and amortization 2,333 3,179
Stock-based compensation expense 2,254 1,865
Net realized investment gains (6,634) (3,651)
Net cash flows from trading investments (1,524) 256
Deferred income tax benefit (1,040) (1,761)
Changes in:    
Accrued investment income (474) 235
Premiums receivable (55,664) (63,334)
Deferred policy acquisition costs (7,153) (11,007)
Reinsurance receivables (4,554) (7,413)
Prepaid reinsurance premiums (184) (363)
Income taxes receivable 6,773 (12,341)
Other assets (498) 47
Future policy benefits and losses, claims and loss settlement expenses 71,378 78,807
Unearned premiums 58,542 60,851
Accrued expenses and other liabilities 17,300 7,083
Income taxes payable 0 (4,917)
Deferred income taxes (1,112) (550)
Other, net 1,640 1,474
Total adjustments 89,240 55,536
Net cash provided by operating activities 112,134 81,077
Cash Flows From Investing Activities    
Proceeds from sale of available-for-sale investments 5,059 3,042
Proceeds from call and maturity of held-to-maturity investments 7 14
Proceeds from call and maturity of available-for-sale investments 147,717 311,478
Proceeds from short-term and other investments 3,320 1,412
Purchase of available-for-sale investments (174,022) (338,213)
Purchase of short-term and other investments (2,985) (415)
Net purchases and sales of property and equipment (3,861) (2,825)
Net cash used in investing activities (24,765) (25,507)
Policyholders’ account balances    
Deposits to investment and universal life contracts 38,382 45,467
Withdrawals from investment and universal life contracts (73,826) (81,672)
Payment of cash dividends (13,380) (11,898)
Repurchase of common stock (21,184) 0
Issuance of common stock 2,207 6,138
Tax impact from issuance of common stock 0 (354)
Net cash used in financing activities (67,801) (42,319)
Net Change in Cash and Cash Equivalents 19,568 13,251
Cash and Cash Equivalents at Beginning of Period 110,853 106,449
Cash and Cash Equivalents at End of Period $ 130,421 $ 119,700