Statements of Cash Flows

6 Months Ended

Jun. 30, 2025

Supplemental Cash Flow Information [Abstract]

Supplemental cash flow information was as follows:


	Six Months ended June 30,
($ in thousands)	2025		2024
Cash paid (received) during the period for:
Interest	$	14,278	14,209
Federal income tax	83,269		46,000

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	5,053		3,884
Operating cash flows from financing leases	139		65
Financing cash flows from finance leases	1,403		1,266

Non-cash items:
Corporate actions related to equity securities1	—		29,250
Corporate actions related to fixed income securities, available-for-sale ("AFS")1	39,742		10,250


Conversion of AFS fixed income securities to equity securities	736		—
Conversion of commercial mortgage loan ("CML") to alternative investment	3,300		—
Assets acquired under finance lease arrangements	—		5,947
Assets acquired under operating lease arrangements	2,062		10,257
Non-cash purchase of property and equipment	13		9

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)	June 30, 2025		December 31, 2024
Cash	$	357	91
Restricted cash	37,878		62,933
Total cash and restricted cash shown in the Consolidated Statements of Cash Flows	$	38,235	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.