XML 20 R8.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities    
Net income (loss) $ (8,619) $ 4,067
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation expense and amortization/accretion, net 261 365
Net gains on investments (1,623) (3,055)
Deferred income taxes (1,106) (255)
Amortization of deferred policy acquisition costs 3,548 3,459
Changes in assets and liabilities:    
Change in receivable for securities sold 53 (56)
Change in accrued investment income 131 68
Change in reinsurance recoverable (6,598) 1,496
Policy acquisition costs deferred (3,290) (3,291)
Change in accrued income taxes (1,537) 1,689
Change in net policy liabilities and claims 4,082 (199)
Change in other assets/liabilities, net 838 1,086
Other, net (30) (1)
Net cash provided by (used in) operating activities (13,890) 5,373
Cash Flows from Investing Activities    
Available-for-sale securities (19,526) (18,359)
Trading securities and short-term investments (6) (37)
Property and equipment (51) (105)
Held-to-maturity securities 451 173
Available-for-sale securities 42,161 17,972
Real estate held for investment 3 11
Proceeds from company owned life insurance 0 2,031
Other invested assets, net 51 (30)
Net cash provided by investing activities 23,083 1,656
Cash Flows from Financing Activities    
Change in other policyholder funds (8) (165)
Change in short-term notes payable (500) (200)
Dividends paid (607) (531)
Net cash used in financing activities (1,115) (896)
Net change in cash and cash equivalents 8,078 6,133
Cash and cash equivalents, beginning of year 11,809 5,676
Cash and cash equivalents, end of year $ 19,887 $ 11,809