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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Activities    
Net income $ 39,420 $ 31,458
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,759 1,759
Amortization of investments, net 872 712
Amortization of other intangible assets, net 504 505
Share-based compensation expense related to stock appreciation rights 229 264
Net gain on disposals of property (26) (46)
Net realized gain on securities (311) (1,343)
Net realized (gain) loss on other investments (22) 3
Changes in the estimated fair value of equity security investments (4,904) (10,303)
Net earnings from other investments (2,880) (2,209)
Provision for claims 5,204 3,532
Provision for deferred income taxes 1,218 2,278
Changes in assets and liabilities:    
Increase in receivables (6,904) (395)
(Increase) decrease in other assets (3,977) 1,654
Decrease (increase) in operating lease right-of-use assets 842 (4,469)
(Decrease) increase in operating lease liabilities (833) 4,502
Increase in accounts payable and accrued liabilities 7,559 583
Increase (decrease) in current income taxes payable (702) (3,641)
Payments of claims, net of recoveries (2,953) (3,928)
Net cash provided by (used in) operating activities 34,095 20,916
Investing Activities    
Purchases of fixed maturity securities (22,209) (26,431)
Purchases of equity securities (11,379) (6,374)
Purchases of short-term investments (16,427) (98,476)
Purchases of other investments (1,714) (2,536)
Proceeds from sales and maturities of fixed maturity securities 9,509 12,530
Proceeds from the sale of equity securities 13,234 5,402
Proceeds from sales and maturities of short-term investments 14,398 118,364
Proceeds from sales and distributions of other investments 3,083 3,192
Proceeds from sales of other assets 22 3
Purchases of property, equipment and software (3,202) (1,486)
Proceeds from disposals of property 85 301
Net cash provided by (used in) investing activities (14,600) 4,489
Financing Activities    
Repurchases of common stock (6) (19)
Exercise of stock appreciation rights 1 0
Dividends paid (31,716) (18,131)
Net cash provided by (used in) financing activities (31,721) (18,150)
Net Increase (Decrease) in Cash and Cash Equivalents (12,226) 7,255
Cash and Cash Equivalents, Beginning of Period 25,949 18,694
Cash and Cash Equivalents, End of Period 13,723 25,949
Cash Paid During the Year for:    
Income tax payments, net 10,226 9,734
Non cash net unrealized gain on investments, net of deferred tax provision of $(367) and $(576) for December 31, 2020 and 2019, respectively (1,338) (2,151)
Adjustments to postretirement benefits obligation, net of deferred tax benefit of $31 and $0 for December 31, 2020 and 2019, respectively 112 0
Adjustments to operating lease right-of-use assets for December 31, 2020 and 2019, respectively $ 94 $ 0