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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net (loss) income $ (704) $ 4,528
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Amortization of deferred acquisition costs 17,611 16,036
Acquisition costs deferred (22,011) (19,755)
Realized investment gains, net (5,154) (9,168)
Unrealized losses on equity securities, net 2,194 0
Distributions received from equity method investees 10,777 9,535
Compensation expense related to share awards 244 495
Depreciation and amortization 987 1,438
Deferred income tax benefit (2,236) (1,358)
Increase in receivables, net (10,221) (6,185)
Increase in insurance reserves and policyholder funds 15,465 10,904
(Decrease) increase in other liabilities (2,226) 5,665
Other, net (266) 34
Net cash provided by operating activities 4,460 12,169
Cash flows from investing activities:    
Proceeds from investments sold 30,140 74,457
Proceeds from investments matured, called or redeemed 4,906 10,791
Investments purchased (49,552) (84,552)
Additions to property and equipment (281) (103)
Net cash (used in) provided by investing activities (14,787) 593
Cash flows from financing activities:    
Payment of dividends on Series D preferred stock (399) (399)
Payment of dividends on common stock (407) (408)
Proceeds from shares issued under stock plans 36 32
Treasury stock acquired - share repurchase authorization (597) (692)
Treasury stock acquired - net employee share-based compensation (223) 0
Net cash used in financing activities (1,590) (1,467)
Net (decrease) increase in cash (11,917) 11,295
Cash and cash equivalents at beginning of year 24,547 13,252
Cash and cash equivalents at end of year 12,630 24,547
Supplemental cash flow information:    
Cash paid for interest 1,996 1,705
Cash paid for income taxes $ 2,107 $ 1,400