XML 33 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 3,987 $ 4,826
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Realized gains on sale of investments and other assets (143) (1,107)
Net deferred policy acquisition costs (7,354) (7,837)
Amortization of cost of customer relationships acquired 1,819 1,834
Decrease in fair value of warrants 0 (314)
Depreciation 955 915
Amortization of premiums and discounts on investments 6,228 4,115
Deferred federal income tax benefit (2,384) (2,232)
Change in:    
Accrued investment income (1,436) (2,391)
Reinsurance recoverable 5,161 334
Due premiums 533 (524)
Future policy benefit reserves 47,989 47,530
Other policyholders' liabilities (84) 3,025
Federal income tax receivable 685 2,089
Commissions payable and other liabilities (1,045) (1,823)
Other, net (581) (846)
Net cash provided by operating activities 54,330 47,594
Cash flows from investing activities:    
Sale of fixed maturities, available-for-sale 317 503
Maturities and calls of fixed maturities, available-for-sale 41,054 125,622
Maturities and calls of fixed maturities, held-to-maturity 37,213 154,630
Purchase of fixed maturities, available-for-sale (71,818) (184,728)
Purchase of fixed maturities, held-to-maturity (75,386) (138,756)
Sales of equity securities, available-for-sale 0 2,856
Calls of equity securities, available-for-sale 400 820
Principal payments on mortgage loans 829 36
Increase in policy loans, net (4,366) (3,694)
Sale of other long-term investments 1 4
Purchase of other long-term investments (86) (116)
Purchase of property and equipment (386) (402)
Maturity of short-term investments 2,841 2,000
Purchase of short-term investments (531) (2,378)
Net cash provided by (used in) investing activities (69,918) (43,603)
Cash flows from financing activities:    
Warrants exercised 0 822
Annuity deposits 4,293 4,769
Annuity withdrawals (3,317) (3,007)
Net cash provided by financing activities 976 2,584
Net increase (decrease) in cash and cash equivalents (14,612) 6,575
Cash and cash equivalents at beginning of year 56,299 33,255
Cash and cash equivalents at end of period 41,687 39,830
Supplemental Disclosures of Operation Activities    
Cash paid during the period for income taxes, net $ 3,232 $ 1,794