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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income $ 963 $ 722
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation expense and amortization/accretion, net 100 51
Investment losses (gains) 272 (310)
Deferred income taxes 289 234
Amortization of deferred policy acquisition costs 990 971
Changes in assets and liabilities:    
Change in receivable for securities sold 1,032 (42)
Change in accrued investment income (77) (105)
Change in reinsurance recoverable (124) 3,857
Policy acquisition costs deferred (885) (947)
Change in accrued income taxes 63 (32)
Change in net policy liabilities and claims 777 (168)
Change in other assets/liabilities, net (277) 742
Other, net 8 3
Net cash provided by operating activities 3,131 4,976
Cash Flows from Investing Activities    
Available-for-sale securities (3,439) (12,645)
Property and equipment (16) (3)
Held-to-maturity securities 28 101
Available-for-sale securities 3,345 5,031
Other invested assets, net (1) 36
Net cash used in investing activities (83) (7,480)
Cash Flows from Financing Activities    
Change in other policyholder funds 11 11
Dividends paid (152) (152)
Net cash used in financing activities (141) (141)
Net change in cash and cash equivalents 2,907 (2,645)
Cash and cash equivalents, beginning of period 10,034 19,887
Cash and cash equivalents, end of period $ 12,941 $ 17,242