Statements of Cash Flows

3 Months Ended

Mar. 31, 2025

Supplemental Cash Flow Information [Abstract]

Supplemental cash flow information was as follows:


	Quarter ended March 31,
($ in thousands)	2025		2024
Cash paid (received) during the period for:
Interest	$	8,591	8,544
Federal income tax	(4,731)		—

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	2,474		1,777
Operating cash flows from financing leases	74		22
Financing cash flows from finance leases	701		731

Non-cash items:

Corporate actions related to fixed income securities, available-for-sale ("AFS")1	18,802		2,298


Conversion of AFS fixed income securities to equity securities	736		—
Assets acquired under finance lease arrangements	—		3
Assets acquired under operating lease arrangements	572		674
Non-cash purchase of property and equipment	101		8

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

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


($ in thousands)	March 31, 2025		December 31, 2024
Cash	$	124	91
Restricted cash	108,170		62,933
Total cash and restricted cash shown in the Consolidated Statements of Cash Flows	$	108,294	63,024

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.