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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