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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 2,531 $ (1,555)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Amortization of (additions to) acquisition costs, net 1,149 (287)
Realized investment gains, net (171) (249)
Unrealized (gains) losses on equity securities, net (4,747) 7,100
Compensation expense related to share awards 134 254
Depreciation and amortization 510 503
Deferred income tax benefit (393) (2,693)
Increase in receivables, net (14,734) (6,078)
Increase in insurance reserves and policyholder funds 7,197 2,805
Decrease in accounts payable and accrued expenses (4,112) (393)
Other, net (1,250) 1,151
Net cash (used in) provided by operating activities (13,886) 558
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investments sold 14,546 7,448
Proceeds from investments matured, called or redeemed 7,064 3,031
Investments purchased (17,018) (7,411)
Additions to property and equipment (65) (160)
Net cash provided by investing activities 4,527 2,908
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of dividends on common stock (408) 0
Proceeds from shares issued under stock plans 4 5
Treasury stock acquired - net employee share-based compensation (24) (10)
Net cash used in financing activities (428) (5)
Net (decrease) increase in cash and cash equivalents (9,787) 3,461
Cash and cash equivalents at beginning of period 19,319 12,893
Cash and cash equivalents at end of period 9,532 16,354
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 697 944
Cash paid for income taxes $ 2,602 $ 0