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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities    
Net income (loss) $ 582 $ (8,619)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation expense and amortization/accretion, net 289 261
Net gains on investments (885) (1,623)
Deferred income taxes (1,281) (1,106)
Amortization of deferred policy acquisition costs 3,490 3,548
Changes in assets and liabilities:    
Change in receivable for securities sold (1,029) 53
Change in accrued investment income (123) 131
Change in reinsurance recoverable 4,385 (6,598)
Policy acquisition costs deferred (3,414) (3,290)
Change in accrued income taxes 1,031 (1,537)
Change in net policy liabilities and claims (6) 4,082
Change in other assets/liabilities, net 2,135 838
Other, net 8 (30)
Net cash provided by (used in) operating activities 5,182 (13,890)
Cash Flows from Investing Activities    
Available-for-sale securities (36,595) (19,526)
Trading securities and short-term investments (19) (6)
Property and equipment (62) (51)
Held-to-maturity securities 272 451
Available-for-sale securities 22,244 42,161
Real estate held for investment 183 3
Property and equipment 7 0
Other invested assets, net 83 51
Net cash provided by (used in) investing activities (13,887) 23,083
Cash Flows from Financing Activities    
Change in other policyholder funds (40) (8)
Change in short-term notes payable (500) (500)
Dividends paid (608) (607)
Net cash used in financing activities (1,148) (1,115)
Net change in cash and cash equivalents (9,853) 8,078
Cash and cash equivalents, beginning of period 19,887 11,809
Cash and cash equivalents, end of period $ 10,034 $ 19,887