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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 479 $ 1,616
Adjustments to reconcile net income to net cash used in operating activities:    
(Additions to) amortization of acquisition costs, net (2,718) 1,116
Realized investment gains, net (29) (520)
Unrealized losses (gains) on equity securities, net 5,456 (5,458)
Earnings from equity method investees (275) 0
Compensation expense related to share awards 92 184
Depreciation and amortization 683 753
Deferred income tax benefit (1,394) (25)
Increase in receivables, net (4,783) (8,448)
Increase in insurance reserves and policyholder funds 2,492 7,081
Decrease in accounts payable and accrued expenses (2,350) (3,374)
Other, net 101 (2,479)
Net cash used in operating activities (2,246) (9,554)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investments sold 3,871 19,261
Proceeds from investments matured, called or redeemed 8,997 8,065
Investments purchased (13,871) (22,120)
Additions to property and equipment (112) (89)
Net cash (used in) provided by investing activities (1,115) 5,117
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of dividends on common stock (408) (408)
Proceeds from shares issued under stock plans 0 6
Treasury stock acquired - net employee share-based compensation (108) (153)
Proceeds from revolving credit facility, net 1,000 0
Net cash provided by (used in) financing activities 484 (555)
Net decrease in cash and cash equivalents (2,877) (4,992)
Cash and cash equivalents at beginning of period 24,753 19,319
Cash and cash equivalents at end of period 21,876 14,327
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 1,200 1,045
Cash paid for income taxes $ 2,164 $ 3,202