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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities      
Net income (loss) $ (29,700) $ 15,031 $ 80,594
Adjustments to reconcile net income to net cash provided by operating activities      
Net accretion of bond premium 7,092 9,000 13,597
Depreciation and amortization 10,508 7,670 6,570
Stock-based compensation expense 3,246 2,826 3,444
Net investment (gains) losses (1,547) 15,622 (47,383)
Net cash flows from trading investments 116,080 29,725 38,411
Deferred income tax benefit (8,308) (3,930) 5,632
Changes in:      
Accrued investment income (1,454) (1,084) 1,219
Premiums receivable (99,062) (48,958) 521
Deferred policy acquisition costs (22,307) (12,779) (4,352)
Reinsurance receivables (52,316) (43,138) 32,725
Prepaid reinsurance premiums (16,382) (1,972) 3,637
Income taxes receivable 9,955 960 33,816
Other assets (34,403) (8,136) (43,865)
Losses, claims and loss settlement expenses 141,481 (16,991) (63,866)
Unearned premiums 74,996 34,655 (25,112)
Accrued expenses and other liabilities 70,956 12,972 2,430
Deferred income taxes 0 (652) (464)
Other, net 2,901 7,928 (7,637)
Cash from operating activities 201,436 (16,282) (50,677)
Net cash provided by (used in) operating activities 171,736 (1,251) 29,917
Cash Flows From Investing Activities      
Proceeds from sale of available-for-sale investments 77,388 83,559 180,514
Proceeds from call and maturity of available-for-sale investments 80,081 184,210 264,237
Proceeds from short-term and other investments 4,615 12,648 6,387
Purchase of available-for-sale investments (273,081) (284,054) (395,787)
Purchase of mortgage loans (8,137) (103) 0
Purchase of short-term and other investments (19,866) (13,294) (9,644)
Net purchases and sales of property and equipment (10,886) (2,137) (13,976)
Net cash provided by (used in) investing activities (149,886) (19,171) 31,731
Cash Flows From Financing Activities      
Borrowings of long-term debt 0 0 0
Payment of cash dividends (16,164) (15,860) (15,064)
Repurchase of common stock 0 0 (2,007)
Issuance of common stock (290) 828 (421)
Net cash provided by (used in) financing activities (16,454) (15,032) (17,492)
Net Change in Cash and Cash Equivalents 5,396 (35,454) 44,156
Cash and Cash Equivalents at Beginning of Year 96,650 132,104 87,948
Cash and Cash Equivalents at End of Year 102,046 96,650 132,104
Supplemental Cash Flow Information [Abstract]      
Income taxes paid 1,348 21,548 5,360
Interest paid $ 3,260 $ 3,188 $ 3,187