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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income $ 6,185 $ 13,823
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 524 430
Amortization of investments, net 162 285
Amortization of other intangible assets, net 330 134
Share-based compensation expense related to stock appreciation rights 102 71
Net gain on disposals of property (28) (8)
Net realized investment gains (1,747) (321)
Net change in estimated fair value of equity security investments 5,915 (3,239)
Net earnings from other investments (1,207) (594)
Provision for claims 176 1,591
(Benefit) provision for deferred income taxes (1,148) 753
Changes in assets and liabilities:    
Increase in premium and fees receivable (897) (761)
Increase in other assets (131) (2,064)
(Increase) decrease in operating lease right-of-use assets (2,119) 154
Decrease in accounts payable and accrued liabilities (9,163) (3,982)
Increase (decrease) in operating lease liabilities 2,124 (160)
Increase in current income taxes payable 2,835 2,739
Payments of claims, net of recoveries (564) (613)
Net cash provided by operating activities 1,349 8,238
Investing Activities    
Purchases of equity securities (102) (976)
Purchases of short-term investments (12,624) (16,578)
Purchases of other investments (275) (286)
Proceeds from sales and maturities of fixed maturity securities 9,140 13,660
Proceeds from sales of equity securities 2,842 4,831
Proceeds from sales and maturities of short-term investments 0 1,251
Proceeds from sales and distributions of other investments 1,562 1,534
Purchases of property (908) (1,613)
Proceeds from the sale of property 32 13
Net (used in) provided by investing activities (333) 1,836
Financing Activities    
Exercise of stock appreciation rights (1) (1)
Dividends paid (873) (832)
Net cash used in financing activities (874) (833)
Net Increase in Cash and Cash Equivalents 142 9,241
Cash and Cash Equivalents, Beginning of Period 37,168 13,723
Cash and Cash Equivalents, End of Period 37,310 22,964
Cash Paid During the Year for:    
Income tax refund, net (79) 0
Non-cash net unrealized loss on investments, net of deferred tax benefit of $583 and $163 for March 31, 2022 and 2021, respectively 2,181 610
Adjustments to postretirement benefits obligation, net of deferred tax expense of $(46) and $0 for March 31, 2022 and 2021, respectively $ (173) $ 0