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Supplementary Data on Cash Flows
 12 Months Ended
Dec. 31, 2015
Supplemental Cash Flow Elements [Abstract]  
Supplementary Data on Cash Flows
NOTE 13 - Supplementary Data on Cash Flows
 
A reconciliation of net income to net cash provided by operating activities as presented in the Consolidated Statements of Cash Flows is as follows:
 
 
 
 
Year Ended December 31,
 
 
 
2015
 
 
 
2014
 
 
 
2013
 
 
 
 
 
 
 
 
Cash flows from operating activities
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
93,482
 
 
$
104,243
 
 
$
110,893
 
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
Realized investment gains
 
 
(12,713
)
 
 
(10,917
)
 
 
(22,245
)
Increase in accrued investment income
 
 
(2,566
)
 
 
(5,563
)
 
 
(1,898
)
(Decrease) increase in accrued expenses
 
 
(5,798
)
 
 
1,513
 
 
 
1,157
 
Depreciation and amortization
 
 
7,734
 
 
 
7,958
 
 
 
7,680
 
Increase in insurance liabilities
 
 
145,313
 
 
 
153,423
 
 
 
143,542
 
Increase in premium receivables
 
 
(8,641
)
 
 
(3,638
)
 
 
(4,018
)
Increase in deferred policy acquisition costs
 
 
(8,981
)
 
 
(12,662
)
 
 
(14,659
)
(Increase) decrease in reinsurance recoverables
 
 
(748
)
 
 
1,570
 
 
 
(1,289
)
Increase in income tax liabilities
 
 
8,935
 
 
 
9,745
 
 
 
7,099
 
Debt retirement costs
 
 
2,338
 
 
 
-
 
 
 
-
 
Other
 
 
(11,312
)
 
 
(23,739
)
 
 
(20,326
)
Total adjustments
 
 
113,561
 
 
 
117,690
 
 
 
95,043
 
Net cash provided by operating activities
 
$
207,043
 
 
$
221,933
 
 
$
205,936
 
 
The Company’s redemption of debt in 2015 resulted in non-cash financing charges of $45.