XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net income $ 11,093 $ 10,140
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 825 690
Amortization of investments, net 451 387
Amortization related to postretirement benefits obligation 0 4
Amortization of other intangible assets, net 325 467
Share-based compensation expense related to stock appreciation rights 150 95
Net loss (gain) on disposals of property 16 (13)
Net realized investment gains (441) (186)
Net unrealized loss on equity investments 294 0
Net earnings from other investments (890) (784)
(Benefit) provision for claims (842) 860
Provision for deferred income taxes 1,241 1,155
Changes in assets and liabilities:    
Increase in premium and fees receivables (977) (1,047)
(Increase) decrease in other assets (213) 90
Increase in current income taxes receivable (1,042) (1,089)
Decrease in accounts payable and accrued liabilities (2,425) (1,823)
Decrease in current income taxes payable 0 (1,232)
Payments of claims, net of recoveries (1,475) (2,024)
Net cash provided by operating activities 6,090 5,690
Investing Activities    
Purchases of fixed maturity securities 0 0
Purchases of equity securities (1,658) (1,414)
Purchases of short-term investments (13,488) (15,218)
Purchases of other investments (610) (987)
Proceeds from sales and maturities of fixed maturity securities 6,280 9,490
Proceeds from sales of equity securities 1,141 1,100
Proceeds from sales and maturities of short-term investments 12,431 3,931
Proceeds from sales and distributions of other investments 1,913 1,525
Proceeds from sales of other assets 3 13
Purchases of property (1,538) (1,964)
Proceeds from the sale of property 50 22
Net cash provided by (used in) investing activities 4,524 (3,502)
Financing Activities    
Repurchases of common stock (29) (9)
Exercise of stock appreciation rights (1) (1)
Dividends paid (1,509) (1,038)
Net cash used in financing activities (1,539) (1,048)
Net Increase in Cash and Cash Equivalents 9,075 1,140
Cash and Cash Equivalents, Beginning of Period 20,214 27,928
Cash and Cash Equivalents, End of Period 29,289 29,068
Cash Paid During the Year for:    
Income tax payments, net 2,746 5,834
Non cash net unrealized loss (gain) on investments, net of deferred tax benefit (provision) of $406 and $(985) for June 30, 2018 and 2017, respectively $ 1,512 $ (1,904)