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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities      
Net income $ 14,820 $ 27,650 $ 51,023
Less net income (loss) from discontinued operations, net of taxes 0 (1,912) 6,153
Adjustments to reconcile net income to net cash provided by operating activities      
Net accretion of bond premium 9,372 8,788 8,872
Depreciation and amortization 11,191 5,174 4,574
Stock-based compensation expense 6,152 5,249 4,808
Net realized investment (gains) losses (53,779) 20,179 (4,055)
Net cash flows from trading investments 1,415 22,514 (1,909)
Deferred income tax benefit 10,148 (16,220) (5,921)
Changes in:      
Accrued investment income 592 (1,933) (224)
Premiums receivable (10,807) (18,312) (22,311)
Deferred policy acquisition costs (1,496) (4,694) 5,260
Reinsurance receivables (11,032) 1,857 (487)
Prepaid reinsurance premiums (2,487) (3,314) 33
Income taxes receivable (4,155) (9,004) 8,254
Other assets (11,972) (1,524) (2,465)
Losses, claims and loss settlement expenses 109,271 88,300 100,287
Unearned premiums 12,244 27,527 21,589
Accrued expenses and other liabilities 15,659 (12,319) (423)
Deferred income taxes (110) (10,746) (25,883)
Other, net (1,274) 9,847 3,378
Cash from operating activities - continuing operations 78,932 111,369 93,377
Cash from operating activities - discontinued operations 0 4,024 31,847
Cash from operating activities - gain on sale of discontinued operations 0 (34,851) 0
Total adjustments 78,932 80,542 125,224
Net cash provided by operating activities 93,752 110,104 170,094
Cash Flows From Investing Activities      
Proceeds from sale of available-for-sale investments 41,760 132,250  
Proceeds from sale of available-for-sale investments     7,404
Proceeds from call and maturity of held-to-maturity investments 0 150
Proceeds from call and maturity of available-for-sale investments 265,515 122,250 191,521
Proceeds from short-term and other investments 4,397 9,303 6,032
Proceeds from sale of discontinued operations 0 276,055 0
Purchase of held-to-maturity investments 0 0 (150)
Purchase of available-for-sale investments (213,437) (507,380)  
Purchase of available-for-sale investments     (260,957)
Purchase of mortgage loans (16,933) (25,853) 0
Purchase of short-term and other investments (44,375) (7,119) (6,428)
Net purchases and sales of property and equipment (32,426) (33,053) (17,158)
Cash from investing activities - continuing operations 4,501 (33,547) (79,586)
Cash from investing activities - discontinued operations 0 14,343 17,601
Net cash provided by (used in) investing activities 4,501 (19,204) (61,985)
Cash Flows From Financing Activities      
Payment of cash dividends (32,662) (105,408) (27,337)
Repurchase of common stock (11,700) (5,404) (29,784)
Issuance of common stock 2,377 7,171 4,828
Cash from financing activities - continued operations (41,985) (103,641) (52,293)
Cash from financing activities - discontinued operations (11,547) (55,256)
Net cash used in financing activities (41,985) (115,188) (107,549)
Net Change in Cash and Cash Equivalents 56,268 (24,288) 560
Less: decrease (increase) in cash and cash equivalents - discontinued operations 0 (6,820) 5,808
Net increase (decrease) in cash and cash equivalents - continuing operations 56,268 (31,108) 6,368
Cash and Cash Equivalents at Beginning of Year - Continuing Operations 64,454 95,562 89,194
Cash and Cash Equivalents at End of Year - Continuing Operations $ 120,722 $ 64,454 $ 95,562