XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating Activities    
Net income $ 21,726 $ 16,067
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,234 1,055
Amortization of investments, net 617 573
Amortization related to postretirement benefits obligation 0 6
Amortization of other intangible assets, net 451 708
Share-based compensation expense related to stock appreciation rights 239 157
Net loss (gain) on disposals of property 12 (16)
Net realized investment gains (629) (990)
Net unrealized gain on equity investments (2,626) 0
Net earnings from other investments (1,471) (1,252)
Provision for claims 155 2,715
Provision for deferred income taxes 3,134 1,923
Changes in assets and liabilities:    
Increase in premium and fees receivables (2,557) (1,606)
Increase in other assets (69) (44)
Increase in current income taxes receivable (2,190) (1,641)
(Decrease) increase in accounts payable and accrued liabilities (128) 5,254
Decrease in current income taxes payable 0 (1,232)
Payments of claims, net of recoveries (2,581) (2,813)
Net cash provided by operating activities 15,317 18,864
Investing Activities    
Purchases of fixed maturity securities 0 (9,273)
Purchases of equity securities (2,484) (3,680)
Purchases of short-term investments (44,403) (15,668)
Purchases of other investments (730) (1,224)
Purchase of subsidiary 0 (175)
Proceeds from sales and maturities of fixed maturity securities 8,155 11,020
Proceeds from sales of equity securities 1,728 3,565
Proceeds from sales and maturities of short-term investments 40,697 1,536
Proceeds from sales and distributions of other investments 2,238 2,144
Proceeds from sales of other assets 3 13
Purchases of property (1,580) (2,343)
Proceeds from the sale of property 53 27
Net cash provided by (used in) investing activities 3,677 (14,058)
Financing Activities    
Repurchases of common stock (29) (50)
Exercise of stock appreciation rights (1) (1)
Distribution of equity for noncontrolling interest (52) 0
Dividends paid (2,264) (1,792)
Net cash used in financing activities (2,346) (1,843)
Net Increase in Cash and Cash Equivalents 16,648 2,963
Cash and Cash Equivalents, Beginning of Period 20,214 27,928
Cash and Cash Equivalents, End of Period 36,862 30,891
Cash Paid During the Year for:    
Income tax payments, net 5,477 9,236
Non cash net unrealized loss (gain) on investments, net of deferred tax benefit (provision) of $537 and $(1,354) for September 30, 2018 and 2017, respectively $ 1,999 $ (2,610)