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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2024 | Mar. 31, 2023
Operating activities |  |
Net cash provided by operating activities | $ 33,125 | $ 17,437
Investing activities |  |
Capitalized software costs | (1,305) | (1,658)
Purchases of fixed maturity securities | (176,989) | (54,871)
Sales and maturities of fixed maturity securities | 154,820 | 21,679
Sales of equity securities | 9,014 | 0
Change in securities receivable or payable, net | 0 | 950
Investments in limited partnerships | (1,871) | 0
Net cash used in investing activities | (16,331) | (33,900)
Financing activities |  |
Net (payments on) proceeds from line of credit | (9,600) | 35,000
Proceeds from common stock issued via employee stock purchase plan | 434 | 394
Proceeds from common stock issued via stock option exercises | 1,857 | 91
Policy holder contribution to surplus | 427 | 0
Repurchases of common stock | 0 | (6,826)
Net cash (used in) provided by financing activities | (6,882) | 28,659
Net increase in cash, cash equivalents and restricted cash | 9,912 | 12,196
Cash, cash equivalents and restricted cash at beginning of period | 51,852 | 68,164
Cash, cash equivalents and restricted cash at end of period | 61,764 | 80,360
Supplementary cash flow information: |  |
Cash paid for income taxes | 6,560 | 1
Cash paid for interest | 714 | 1,017
Cash and cash equivalents | 61,387 |
Restricted cash | 377 |
Cash and cash equivalents and restricted cash | $ 61,764 | $ 80,360

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