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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 321 $ (1,656)
Adjustments to reconcile income (loss) to net cash used in operating activities:    
Additions to acquisition costs, net (908) (1,707)
Realized investment gains, net (432) (1,565)
Unrealized losses (gains) on equity securities, net 7,831 (2,096)
Distributions received from equity method investees 0 379
Compensation expense related to share awards 370 191
Depreciation and amortization 772 588
Deferred income tax benefit (2,841) (596)
Increase in receivables, net (4,731) (7,917)
(Decrease) increase in insurance reserves and policyholder funds (842) 9,276
(Decrease) increase in accounts payable and accrued expenses (1,752) 3,271
Other, net 1,308 (5,738)
Net cash used in operating activities (904) (7,570)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investments sold 8,916 119,929
Proceeds from investments matured, called or redeemed 5,584 5,907
Investments purchased (17,277) (94,316)
Additions to property and equipment (188) (44)
Net cash (used in) provided by investing activities (2,965) 31,476
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of dividends on common stock 0 (403)
Proceeds from shares issued under stock plans 7 23
Treasury stock acquired - share repurchase authorization 0 (71)
Treasury stock acquired - net employee share-based compensation (91) (72)
Net cash used in financing activities (84) (523)
Net (decrease) increase in cash and cash equivalents (3,953) 23,383
Cash and cash equivalents at beginning of period 12,893 12,630
Cash and cash equivalents at end of period 8,940 36,013
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 1,309 1,644
Cash paid for income taxes $ 3,310 $ 1,625