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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net income $ 4,525 $ 1,181
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 787 639
Accretion of investments, net (1,232) (865)
Amortization of other intangible assets, net 339 332
Share-based compensation expense related to stock appreciation rights 96 159
Net (gain) loss on disposals of property (13) 50
Net investment gains 2,422 443
Net losses (earnings) from other investments 14 (568)
Provision for claims 910 1,068
Benefit for deferred income taxes (92) (1,910)
Changes in assets and liabilities:    
Decrease in premium and fees receivable 427 2,220
Decrease (increase) in other assets 3,354 (265)
(Increase) decrease in lease assets (376) 36
Decrease in current income taxes receivable 1,081 1,174
Decrease in accounts payable and accrued liabilities (5,881) (15,693)
Increase (decrease) in lease liabilities 379 (13)
Increase in current income taxes payable 282 1,148
Payments of claims, net of recoveries (741) (1,342)
Net cash provided by (used in) operating activities 1,437 (13,092)
Investing Activities    
Purchases of fixed maturity securities (757) (2,705)
Purchases of equity securities (2,470) (3,627)
Purchases of short-term investments (32,751) (18,800)
Purchases of other investments (5,178) (970)
Proceeds from sales and maturities of fixed maturity securities 1,625 4,712
Proceeds from sales of equity securities 5,323 13,090
Proceeds from sales and maturities of short-term investments 31,107 17,654
Proceeds from sales and distributions of other investments 3,379 913
Purchases of property (2,230) (2,301)
Proceeds from the sale of property 17 243
Net cash (used in) provided by investing activities (1,935) 8,209
Financing Activities    
Repurchases of commons stock (1,053) 0
Dividends paid (867) (873)
Net cash used in financing activities (1,920) (873)
Net Decrease in Cash and Cash Equivalents (2,418) (5,756)
Cash and Cash Equivalents, Beginning of Period 24,031 35,311
Cash and Cash Equivalents, End of Period 21,613 29,555
Cash Paid During the Year for:    
Income taxes paid, net 1  
Proceeds from income tax refunds, net   (32)
Non-cash net unrealized loss (gain) on investments, net of deferred tax benefit (provision) of $79 and $(66) for March 31, 2024 and 2023, respectively 292 (249)
Adjustments to postretirement benefits obligation, net of deferred tax expense of $0 and $(30) for March 31, 2024 and 2023, respectively $ 0 $ (111)