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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net income $ 1,181 $ 6,185
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 639 524
(Accretion) amortization of investments, net (865) 162
Amortization of other intangible assets, net 332 330
Share-based compensation expense related to stock appreciation rights 159 102
Net loss (gain) on disposals of property 50 (28)
Net realized investment gains (7,280) (1,747)
Net loss on other investments 47 0
Net change in estimated fair value of equity security investments 6,790 5,915
Net earnings from other investments (568) (1,207)
Provision for claims 1,068 176
Benefit for deferred income taxes (1,910) (1,148)
Changes in assets and liabilities:    
Decrease (increase) in premium and fees receivable 2,220 (897)
Increase in other assets (265) (131)
Decrease (increase) in lease assets 36 (2,119)
Decrease in current income taxes receivable 1,174 0
Decrease in accounts payable and accrued liabilities (15,693) (9,163)
(Decrease) increase in lease liabilities (13) 2,124
Increase in current income taxes payable 1,148 2,835
Payments of claims, net of recoveries (1,342) (564)
Net cash (used in) provided by operating activities (13,092) 1,349
Investing Activities    
Purchases of fixed maturities (2,705) 0
Purchases of equity securities (3,627) (102)
Purchases of short-term investments (18,800) (12,624)
Purchases of other investments (970) (275)
Proceeds from sales and maturities of fixed maturity securities 4,712 9,140
Proceeds from sales of equity securities 13,090 2,842
Proceeds from sales and maturities of short-term investments 17,654 0
Proceeds from sales and distributions of other investments 913 1,562
Purchases of property (2,301) (908)
Proceeds from the sale of property 243 32
Net cash provided by (used in) investing activities 8,209 (333)
Financing Activities    
Exercise of stock appreciation rights 0 (1)
Dividends paid (873) (873)
Net cash used in financing activities (873) (874)
Net (Decrease) Increase in Cash and Cash Equivalents (5,756) 142
Cash and Cash Equivalents, Beginning of Period 35,311 37,168
Cash and Cash Equivalents, End of Period 29,555 37,310
Cash Paid During the Year for:    
Income tax refunds, net (32) (79)
Non-cash net unrealized (gain) loss on investments, net of deferred tax (provision) benefit of $(66) and $583 for March 31, 2023 and 2022, respectively (249) 2,181
Adjustments to postretirement benefits obligation, net of deferred tax expense of $(30) and $(46) for March 31, 2023 and 2022, respectively $ (111) $ (173)