XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities    
Net income (loss) $ 722 $ (860)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation expense and amortization/accretion, net 51 69
Net (gains) losses on investments (310) 990
Deferred income taxes 234 (112)
Amortization of deferred policy acquisition costs 971 1,065
Changes in assets and liabilities:    
Change in receivable for securities sold (42) 54
Change in accrued investment income (105) (50)
Change in reinsurance recoverable 3,857 0
Policy acquisition costs deferred (947) (924)
Change in accrued income taxes (32) (53)
Change in net policy liabilities and claims (168) (306)
Change in other assets/liabilities, net 742 (800)
Other, net 3 (1)
Net cash provided by (used in) operating activities 4,976 (928)
Cash Flows from Investing Activities    
Available-for-sale securities (12,645) (9,926)
Property and equipment (3) (25)
Held-to-maturity securities 101 45
Available-for-sale securities 5,031 5,076
Real estate held for investment 0 2
Other invested assets, net 36 (17)
Net cash used in investing activities (7,480) (4,845)
Cash Flows from Financing Activities    
Change in other policyholder funds 11 (15)
Dividends paid (152) (152)
Net cash used in financing activities (141) (167)
Net change in cash and cash equivalents (2,645) (5,940)
Cash and cash equivalents, beginning of period 19,887 11,809
Cash and cash equivalents, end of period $ 17,242 $ 5,869