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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (1,446) $ 2,842
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Amortization of (additions to) acquisition costs, net 22 (1,177)
Realized investment losses, net 0 10
Unrealized losses (gains) on equity securities, net 2,375 (2,193)
Losses (earnings) from equity method investees 15 (2)
Compensation expense related to share awards 73 27
Depreciation and amortization 188 240
Deferred income tax (benefit) expense (552) 886
Decrease in receivables, net 4,828 3,789
Decrease in insurance reserves and policyholder funds (11,408) (10,226)
Decrease in accounts payable and accrued expenses (5,338) (2,676)
Other, net (367) 473
Net cash used in operating activities (11,610) (8,007)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investments sold 9 44
Proceeds from investments matured, called or redeemed 1,769 3,875
Investments purchased (6,418) (5,052)
Additions to property and equipment (59) (1)
Net cash used in investing activities (4,699) (1,134)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Treasury stock acquired - net employee share-based compensation (6) 0
Proceeds from revolving credit facility, net 1,000 0
Net cash provided by financing activities 994 0
Net decrease in cash and cash equivalents (15,315) (9,141)
Cash and cash equivalents at beginning of period 28,863 24,753
Cash and cash equivalents at end of period 13,548 15,612
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest $ 759 $ 346