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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income (loss) $ 13,823 $ (7,011)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 430 457
Amortization of investments, net 285 248
Amortization of other intangible assets, net 134 126
Share-based compensation expense related to stock appreciation rights 71 117
Net gain on disposals of property (8) (2)
Net realized investment (gains) losses (321) 412
Net change in estimated fair value of equity security investments (3,239) 14,458
Net earnings from other investments (594) (315)
Provision for claims 1,591 906
Provision (benefit) for deferred income taxes 753 (3,057)
Changes in assets and liabilities:    
(Increase) decrease in premium and fees receivables (761) 193
Increase in other assets (2,064) (4,743)
Decrease in operating lease right-of-use assets 154 169
Decrease in accounts payable and accrued liabilities (3,982) (543)
Decrease in operating lease liabilities (160) (165)
Increase in current income taxes payable 2,739 1,581
Payments of claims, net of recoveries (613) (832)
Net cash provided by operating activities 8,238 1,999
Investing Activities    
Purchases of equity securities (976) (5,866)
Purchases of short-term investments (16,578) (3,540)
Purchases of other investments (286) (328)
Proceeds from sales and maturities of fixed maturity securities 13,660 2,579
Proceeds from sales of equity securities 4,831 4,557
Proceeds from sales and maturities of short-term investments 1,251 1,034
Proceeds from sales and distributions of other investments 1,534 401
Proceeds from sales of other assets 0 10
Purchases of property (1,613) (643)
Proceeds from the sale of property 13 5
Net cash provided by (used in) investing activities 1,836 (1,791)
Financing Activities    
Exercise of stock appreciation rights (1) (1)
Dividends paid (832) (832)
Net cash used in financing activities (833) (833)
Net Increase (Decrease) in Cash and Cash Equivalents 9,241 (625)
Cash and Cash Equivalents, Beginning of Period 13,723 25,949
Cash and Cash Equivalents, End of Period 22,964 25,324
Cash Paid During the Year for:    
Income tax payments, net 0 (42)
Non-cash net unrealized loss (gain) on investments, net of deferred tax benefit (provision) of $163 and $(17) for March 31, 2021 and 2020, respectively 610 (44)
Adjustments to postretirement benefits obligation, net of deferred tax benefit of $— and $9 for March 31, 2021 and 2020, respectively $ 0 $ 32