Statements of Cash Flows

12 Months Ended

Dec. 31, 2024

Supplemental Cash Flow Information [Abstract]

Supplemental cash flow information was as follows:


($ in thousands)	2024		2023	2022
Cash paid (received) during the period for:
Interest	$	28,532	28,359	26,639
Federal income tax	49,000		79,702	75,000

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	8,413		7,409	8,148
Operating cash flows from financing leases	234		66	46
Financing cash flows from finance leases	2,629		2,666	2,438

Non-cash items:
Corporate actions related to fixed income securities, AFS1	43,558		22,741	38,106

Corporate actions related to equity securities1	29,250		—	—
Conversion of AFS fixed income securities to equity securities	—		—	1,463
Conversion of alternative investments to equity securities2	—		50,253	—
Assets acquired under finance lease arrangements	6,275		1,584	707
Assets acquired under operating lease arrangements	11,684		5,885	16,649
Non-cash purchase of property and equipment	53		242	70

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, 2024		December 31, 2023
Cash	$	91	180
Restricted cash	62,933		13,092
Total cash and restricted cash shown in the Statements of Cash Flows	$	63,024	13,272

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.