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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating Activities    
Net Income (Loss) $ 31,073 $ 21,686
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,320 2,760
Accretion of investments, net (3,424) (3,698)
Amortization of other intangible assets, net 1,178 1,361
Share-based compensation expense related to stock appreciation rights 394 425
Net gains on disposals of property (221) (204)
Net investment (gains) losses on securities (4,683) (3,448)
Net earnings from other investments (1,811) (3,206)
Provision for claims 4,530 4,762
Provision (benefit) for deferred income taxes 624 (4,234)
Changes in assets and liabilities:    
(Increase) decrease in premium and fees receivable (2,716) 5,709
Decrease in other assets 2,635 621
Decrease in lease assets 147 404
(Increase) decrease in current income taxes receivable 1,081 93
Decrease in lease liabilities (93) (390)
Increase (decrease) in accounts payable and accrued liabilities 2,147 (10,408)
Increase in current income taxes payable 276 0
Payments of claims, net of recoveries (4,617) (4,807)
Net cash provided by (used in) operating activities 29,840 7,426
Investing Activities    
Purchases of fixed maturity securities (66,726) (20,339)
Purchases of equity securities (11,053) (11,969)
Purchases of short-term investments (115,924) (174,742)
Purchases of other investments (5,654) (3,006)
Proceeds from sales and maturities of fixed maturity securities 17,855 10,937
Proceeds from sales of equity securities 13,215 30,216
Proceeds from sales and maturities of short-term investments 170,407 166,362
Proceeds from sales and distributions of other investments 6,775 4,499
Purchases of property, equipment and software (7,423) (9,186)
Proceeds from disposals of property 275 529
Net cash provided by (used in) investing activities 1,747 (6,699)
Financing Activities    
Repurchases of common stock (1,099) (959)
Exercise of stock appreciation rights 0 0
Dividends paid (29,865) (11,048)
Net cash provided by (used in) financing activities (30,964) (12,007)
Net Increase (Decrease) in Cash and Cash Equivalents 623 (11,280)
Cash and Cash Equivalents, Beginning of Period 24,031 35,311
Cash and Cash Equivalents, End of Period 24,654 24,031
Cash Paid During the Year for:    
Income tax payments, net 6,620 8,688
Non cash net unrealized loss (gain) on investments, net of deferred tax benefit (expense) of $74 and $(109) for December 31, 2024 and 2023, respectively 283 (419)
Adjustments to postretirement benefits obligation, net of deferred tax expense of $0 and $(5) for December 31, 2024 and 2023, respectively 0 (19)
Non cash 1031 exchange proceeds receivable $ 0 $ (2,589)