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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net income $ 48,108 $ 22,785
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,298 1,320
Amortization of investments, net 776 678
Amortization of other intangible assets, net 412 378
Share-based compensation expense related to stock appreciation rights 206 192
Net gain on disposals of property (3,991) (26)
Net realized investment gains (771) (327)
Net change in estimated fair value of equity security investments (7,266) 2,867
Net earnings from other investments (2,678) (1,764)
Provision for claims 5,020 4,452
Provision (benefit) for deferred income taxes 2,953 (391)
Changes in assets and liabilities:    
Increase in premium and fees receivable (3,512) (4,768)
Increase in other assets (4,971) (3,893)
Decrease in operating lease right-of-use assets 227 577
Increase in accounts payable and accrued liabilities 1,907 3,206
Decrease in operating lease liabilities (245) (565)
Increase (decrease) in current income taxes payable 66 (527)
Payments of claims, net of recoveries (1,849) (2,253)
Net cash provided by operating activities 35,690 21,941
Investing Activities    
Purchase of fixed maturities 0 (517)
Purchases of equity securities (2,663) (9,270)
Purchases of short-term investments (39,370) (13,668)
Purchases of other investments (1,084) (1,090)
Proceeds from sales and maturities of fixed maturity securities 33,565 7,139
Proceeds from sales of equity securities 6,073 9,412
Proceeds from sales and maturities of short-term investments 3,311 4,291
Proceeds from sales and distributions of other investments 3,298 2,010
Proceeds from sales of other assets 1 22
Purchases of property (6,778) (2,245)
Proceeds from the sale of property 5,321 58
Net cash provided by (used in) investing activities 1,674 (3,858)
Financing Activities    
Exercise of stock appreciation rights (1) (1)
Dividends paid (2,576) (2,497)
Net cash used in financing activities (2,577) (2,498)
Net Increase in Cash and Cash Equivalents 34,787 15,585
Cash and Cash Equivalents, Beginning of Period 13,723 25,949
Cash and Cash Equivalents, End of Period 48,510 41,534
Cash Paid During the Year for:    
Income tax payments, net 9,913 6,889
Non-cash net unrealized loss (gain) on investments, net of deferred tax benefit (provision) of $229 and $(333) for September 30, 2021 and 2020, respectively 854 (1,212)
Adjustments to postretirement benefits obligation, net of deferred tax benefit of $— and $9 for September 30, 2021 and 2020, respectively 0 32
Adjustments to operating lease right-of-use assets for September 30, 2021 and 2020, respectively $ 0 $ 94