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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net income $ 33,605 $ 7,484
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 880 933
Amortization of investments, net 535 475
Amortization of other intangible assets, net 273 252
Share-based compensation expense related to stock appreciation rights 138 154
Net gain on disposals of property (3,991) (17)
Net realized investment gains (503) (141)
Net change in estimated fair value of equity security investments (8,068) 6,486
Net earnings from other investments (1,522) (806)
Provision for claims 3,027 2,900
Provision (benefit) for deferred income taxes 3,013 (1,285)
Changes in assets and liabilities:    
Increase in premium and fees receivable (1,961) (2,735)
Increase in other assets (4,883) (5,013)
Decrease in operating lease right-of-use assets 150 414
Increase in current income taxes receivable (804) 0
(Decrease) increase in accounts payable and accrued liabilities (1,296) 9,110
Decrease in operating lease liabilities (159) (409)
Decrease in current income taxes payable (638) (219)
Payments of claims, net of recoveries (1,308) (1,539)
Net cash provided by operating activities 16,488 16,044
Investing Activities    
Purchases of equity securities (1,468) (7,633)
Purchases of short-term investments (31,612) (13,528)
Purchases of other investments (414) (750)
Proceeds from sales and maturities of fixed maturity securities 27,562 3,079
Proceeds from sales of equity securities 5,013 6,991
Proceeds from sales and maturities of short-term investments 2,338 1,939
Proceeds from sales and distributions of other investments 2,397 664
Proceeds from sales of other assets 1 22
Purchases of property (6,060) (1,446)
Proceeds from the sale of property 5,321 43
Net cash provided by (used in) investing activities 3,078 (10,619)
Financing Activities    
Exercise of stock appreciation rights (1) (1)
Dividends paid (1,705) (1,664)
Net cash used in financing activities (1,706) (1,665)
Net Increase in Cash and Cash Equivalents 17,860 3,760
Cash and Cash Equivalents, Beginning of Period 13,723 25,949
Cash and Cash Equivalents, End of Period 31,583 29,709
Cash Paid During the Year for:    
Income tax payments, net 7,423 3,413
Non-cash net unrealized loss (gain) on investments, net of deferred tax benefit (provision) of $140 and $(322) for June 30, 2021 and 2020, respectively 521 (1,162)
Adjustments to postretirement benefits obligation, net of deferred tax benefit of $— and $9 for June 30, 2021 and 2020, respectively $ 0 $ 32