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v3.23.3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended
--- | ---
Sep. 30, 2023 | Sep. 30, 2022
Operating activities |  |
Net cash provided by operating activities | $ 93,836 | $ 94,544
Investing activities |  |
Purchases of property and equipment | (15) | (307)
Capitalized software costs | (5,324) | (4,138)
Purchases of fixed maturity securities | (190,560) | (279,064)
Purchases of equity securities | (945) | (10,277)
Purchase of equity method investment | (3,000) | 0
Sales and maturities of fixed maturity securities | 104,505 | 172,380
Sales of equity securities | 295 | 0
Change in securities receivable or payable, net | (3,576) | 0
Acquisitions, net of cash acquired | (5,536) | (16)
Net cash used in investing activities | (104,156) | (121,422)
Financing activities |  |
Proceeds from line of credit, net of repayments | 16,200 | 26,400
Proceeds from common stock issued via employee stock purchase plan | 799 | 2,164
Proceeds from common stock issued via stock option exercises | 579 | 760
Repurchases of common stock | (22,134) | (23,273)
Net cash (used in) provided by financing activities | (4,556) | 6,051
Net decrease in cash, cash equivalents and restricted cash | (14,876) | (20,827)
Cash, cash equivalents and restricted cash at beginning of period | 68,164 | 50,371
Cash, cash equivalents and restricted cash at end of period | 53,288 | 29,544
Supplementary cash flow information: |  |
Cash paid for income taxes | 21,093 | 18,870
Cash paid for interest | 2,428 | 351
Cash and cash equivalents | 53,026 |
Restricted cash | 262 |
Cash and cash equivalents and restricted cash | $ 53,288 | $ 29,544

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