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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net income $ 20,078 $ 21,726
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,298 1,234
Amortization of investments, net 492 617
Amortization of other intangible assets, net 379 451
Share-based compensation expense related to stock appreciation rights 204 239
Net (gain) loss on disposals of property (28) 12
Net realized investment gains (1,199) (629)
Net change in estimated fair value of equity security investments (6,218) (2,626)
Net earnings from other investments (1,286) (1,471)
Provision for claims 3,610 155
Provision for deferred income taxes 1,340 3,134
Changes in assets and liabilities:    
Increase in premium and fees receivables (502) (2,557)
Decrease (increase) in other assets 360 (69)
Increase in operating lease right-of-use assets (4,619) 0
Increase in current income taxes receivable 0 (2,190)
Decrease in accounts payable and accrued liabilities (205) (128)
Increase in operating lease liabilities 4,622 0
Decrease in current income taxes payable (4,839) 0
Payments of claims, net of recoveries (3,534) (2,581)
Net cash provided by operating activities 9,953 15,317
Investing Activities    
Purchases of fixed maturities (1,235) 0
Purchases of equity securities (3,921) (2,484)
Purchases of short-term investments (89,519) (44,403)
Purchases of other investments (1,456) (730)
Proceeds from sales and maturities of fixed maturity securities 7,280 8,155
Proceeds from sales of equity securities 4,040 1,728
Proceeds from sales and maturities of short-term investments 100,821 40,697
Proceeds from sales and distributions of other investments 2,490 2,238
Proceeds from sales of other assets 2 3
Purchases of property (1,020) (1,580)
Proceeds from the sale of property 140 53
Net cash provided by investing activities 17,622 3,677
Financing Activities    
Repurchases of common stock (11) (29)
Exercise of stock appreciation rights 0 (1)
Distribution of equity for noncontrolling interest 0 (52)
Dividends paid (2,266) (2,264)
Net cash used in financing activities (2,277) (2,346)
Net Increase in Cash and Cash Equivalents 25,298 16,648
Cash and Cash Equivalents, Beginning of Period 18,694 20,214
Cash and Cash Equivalents, End of Period 43,992 36,862
Cash Paid During the Year for:    
Income tax payments, net 9,150 5,477
Non cash net unrealized (gain) loss on investments, net of deferred tax (provision) benefit of $(601) and $537 for September 30, 2019 and 2018, respectively $ (2,246) $ 1,999