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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income $ 16,377 $ 48,108
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,679 1,298
Amortization of investments, net 270 776
Amortization of other intangible assets, net 967 412
Share-based compensation expense related to stock appreciation rights 259 206
Net gain on disposals of property (50) (3,991)
Net realized investment gains (6,266) (771)
Net change in estimated fair value of equity security investments 22,722 (7,266)
Net earnings from other investments (2,976) (2,678)
Provision for claims 3,452 5,020
(Benefit) provision for deferred income taxes (4,250) 2,953
Changes in assets and liabilities:    
Increase in premium and fees receivable (241) (3,512)
Increase in other assets (873) (4,971)
(Increase) decrease in operating lease right-of-use assets (1,056) 227
Increase (Decrease) in income taxes receivable (3,164) 0
(Decrease) increase in accounts payable and accrued liabilities (1,702) 1,907
Increase (decrease) in operating lease liabilities 1,060 (245)
(Decrease) increase in current income taxes payable (3,329) 66
Payments of claims, net of recoveries (2,576) (1,849)
Net cash provided by operating activities 20,303 35,690
Investing Activities    
Purchases of fixed maturities (350) 0
Purchases of equity securities (5,585) (2,663)
Purchases of short-term investments (59,072) (39,370)
Purchases of other investments (1,300) (1,084)
Purchases of subsidiary, net of cash (4,927) 0
Proceeds from sales and maturities of fixed maturity securities 18,870 33,565
Proceeds from sales of equity securities 13,970 6,073
Proceeds from sales and maturities of short-term investments 24,372 3,311
Proceeds from sales and distributions of other investments 4,493 3,298
Proceeds from sales of other assets 30 1
Purchases of property (3,980) (6,778)
Proceeds from the sale of property 93 5,321
Net cash (used in) provided by investing activities (13,386) 1,674
Financing Activities    
Repurchases of common stock (86) 0
Exercise of stock appreciation rights (1) (1)
Dividends paid (2,618) (2,576)
Net cash used in financing activities (2,705) (2,577)
Net Increase in Cash and Cash Equivalents 4,212 34,787
Cash and Cash Equivalents, Beginning of Period 37,168 13,723
Cash and Cash Equivalents, End of Period 41,380 48,510
Cash Paid During the Year for:    
Income tax payments, net 15,200 9,913
Non-cash net unrealized loss on investments, net of deferred tax benefit of $1,114 and $229 for September 30, 2022 and 2021, respectively 4,157 854
Adjustments to postretirement benefits obligation, net of deferred tax expense of $(48) and $0 for September 30, 2022 and 2021, respectively (180) 0
Goodwill and other intangibles acquired (2,984) 0
Title plant acquired (500) 0
Prepaid and other assets acquired (121) 0
Fixed assets acquired (1,322) 0
Purchase of subsidiary, net of cash received $ (4,927) $ 0