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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (4,680) $ 2,057
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
(Additions to) amortization of acquisition costs, net (434) 355
Realized investment gains, net (17) (70)
Unrealized investment losses, net 1,617 3,367
Losses from equity method investees 494 343
Compensation expense related to share awards 9 116
(Benefit) provision for credit losses (10) 3
Depreciation and amortization 297 521
Deferred income tax benefit (1,425) (1,711)
Increase in receivables, net (7,289) (5,230)
Increase (decrease) in insurance reserves and policyholder funds 6,460 (663)
Decrease in accounts payable and accrued expenses (524) (2,644)
Other, net 689 13
Net cash used in operating activities (4,813) (3,543)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investments sold 40 5,038
Proceeds from investments matured, called or redeemed 9,963 8,000
Investments purchased (10,916) (14,942)
Additions to property and equipment (126) (75)
Net cash used in investing activities (1,039) (1,979)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of dividends on common stock (407) (408)
Treasury stock acquired - net employee share-based compensation (7) (12)
Proceeds from revolving credit facility, net 1,000 1,000
Net cash provided by financing activities 586 580
Net decrease in cash and cash equivalents (5,266) (4,942)
Cash and cash equivalents at beginning of period 28,301 28,863
Cash and cash equivalents at end of period 23,035 23,921
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 2,600 2,370
Cash paid for income taxes $ 580 $ 2,026