Statements of Cash Flow

12 Months Ended

Dec. 31, 2023

Supplemental Cash Flow Information [Abstract]

Statements of Cash Flows

Supplemental cash flow information was as follows:


($ in thousands)	2023		2022	2021
Cash paid (received) during the period for:
Interest	$	28,359	26,639	28,930
Federal income tax	79,702		75,000	100,000

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	7,409		8,148	7,935
Operating cash flows from financing leases	66		46	35
Financing cash flows from finance leases	2,666		2,438	1,768

Non-cash items:
Corporate actions related to fixed income securities, AFS1	22,741		38,106	56,365

Corporate actions related to equity securities1	—		—	30,666
Conversion of AFS fixed income securities to equity securities	—		1,463	15,139
Conversion of alternative investments to equity securities2	50,253		—	—
Assets acquired under finance lease arrangements	1,584		707	6,709
Assets acquired under operating lease arrangements	5,885		16,649	3,272
Non-cash purchase of property and equipment	242		70	472

1Examples of corporate actions include like-kind exchanges, non-cash acquisitions, and stock-splits.

2This non-cash exchange represents our investment in a private fund that was initially classified as an alternative investment accounted for using the equity method. The fund was later reclassified as an equity security when the fund transitioned to an Investment Company Act of 1940 fund.

The following table provides a reconciliation of cash and restricted cash reported within the Consolidated Balance Sheets that equate to the amount reported in the Consolidated Statements of Cash Flows:


($ in thousands)	December 31, 2023		December 31, 2022
Cash	$	180	26
Restricted cash	13,092		25,183
Total cash and restricted cash shown in the Statements of Cash Flows	$	13,272	25,209

Amounts in restricted cash represent cash received from the National Flood Insurance Program ("NFIP") that can only be used to pay flood claims under the Write Your Own program.