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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) $ 36,787 $ (10,988) $ (1,370)
Adjustments to reconcile net income to net cash provided by operating activities:      
Investment related gains (losses), net of sales of investments and other assets (10,991) (1,502) (5,249)
Net deferred policy acquisition costs 2,212 6,964 6,013
Amortization of cost of customer relationships acquired 1,206 1,816 1,546
Depreciation 1,140 1,423 1,677
Amortization of premiums and discounts on investments 5,568 8,061 12,859
Stock-based compensation 646 2,223 2,099
Deferred federal income tax expense (benefit) 427 (402) 1,573
Goodwill impairment 12,624 0 0
Change in:      
Accrued investment income (60) 1,316 1,014
Reinsurance recoverable 214 (2,057) (32)
Due premiums 561 1,347 669
Future policy benefit reserves 35,239 29,650 41,479
Other policyholders' liabilities 14,136 11,030 5,387
Federal income tax receivable (44,678) (706) 3,341
Commissions payable and other liabilities (15,450) 3,702 2,924
Other, net 874 (3,043) (1,707)
Net cash provided by operating activities 40,455 48,834 72,223
Cash flows from investing activities:      
Sale of fixed maturities, available-for-sale 8,238 20,537 66,900
Maturities and calls of fixed maturities, available-for-sale 53,089 220,397 181,618
Purchase of fixed maturities, available-for-sale (94,265) (271,474) (329,627)
Payments to Acquire Marketable Securities 0 (4,473) 0
Proceeds from sale of equity securities, FV-NI 7,383 0 0
Principal payments on mortgage loans 10 9 9
Payments to Acquire Mortgage Notes Receivable (1,000) 0 0
Increase in policy loans, net 3,011 (1,313) (1,180)
Sale of other long-term investments 24,238 3,671 6,983
Purchase of other long-term investments and real estate (40,788) (30,256) (187)
Purchase of property and equipment (1,007) (221) (511)
Sale of property and equipment 14 11 16
Maturity of short-term investments 0 1,300 9,090
Purchase of short-term investments 0 0 (2,456)
Net cash used in investing activities (41,077) (61,812) (69,345)
Cash flows from financing activities:      
Annuity deposits 8,839 7,532 6,717
Repayments of Annuities and Investment Certificates (7,763) (5,759) (8,505)
Proceeds from Issuance of Common Stock 2,255 0 0
Payments for Repurchase of Equity (9,090) 0 0
Other financing activities (456) (869) (377)
Net cash provided by financing activities (6,215) 904 (2,165)
Net increase (decrease) in cash and cash equivalents (6,837) (12,074) 713
Cash and cash equivalents at beginning of year 34,131 46,205 45,492
Cash and cash equivalents at end of year 27,294 34,131 46,205
Cash paid during the year for income taxes $ 1,198 $ 0 $ 2,200