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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ (9,817) $ (12,735)
Less net income (loss) from discontinued operations, net of taxes (1,512) (11,973)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Net investment gains (876) (1,230)
Deferred income tax expense (benefit) (491) (3,690)
Depreciation of property and equipment 341 309
Amortization of intangibles 25
Share-based compensation 1,136 901
Amortization of deferred policy acquisition costs 36,107 31,788
Deferral of policy acquisition costs (40,474) (35,585)
Net amortization of premiums and discounts on investments 331 523
Gain on sale of property and equipment (72) (44)
Changes in operating assets and liabilities:    
Premiums and agents’ balances receivable (36,677) (43,904)
Reinsurance premiums receivable / payable (491) 253
Reinsurance recoverables on losses (2,963) (2,362)
Accrued investment income (148) (152)
Federal Crop Insurance Corporation receivable / payable 3,611 1,430
Other assets (2,041) (863)
Unpaid losses and loss adjustment expenses 29,342 23,238
Unearned premiums 31,630 34,754
Income tax recoverable / payable (8,216) 4,534
Accrued expenses and other liabilities 6,658 8,343
Net cash flows from operating activities – continuing operations 16,707 18,268
Net cash flows from operating activities – discontinued operations 10,493 2,381
Net cash flows from operating activities – loss on sale of discontinued operations 15,865
Total adjustments 43,065 20,649
Net cash flows from operating activities 34,760 19,887
Cash flows from investing activities:    
Proceeds from maturities and sales of fixed income securities 15,596 17,213
Proceeds from sales of equity securities 3,827 32,682
Purchases of fixed income securities (32,239) (32,365)
Purchases of equity securities (3,935) (3,244)
Purchases of property and equipment (630) (648)
Proceeds from sales of property and equipment 227 129
Proceeds from disposition of Westminster 10,500
Net cash flows from investing activities – continuing operations (6,654) 13,767
Net cash flows from investing activities – discontinued operations 2,878 (12,650)
Net cash flows from investing activities (3,776) 1,117
Cash flows from financing activities:    
Purchases of treasury stock (3,223)
Pooling (payments) receipts (7,058) (21,012)
Principal repayments of finance leases (48)
Issuance of vested award shares (154) (174)
Net cash flows from financing activities – continuing operations (7,260) (24,409)
Net cash flows from financing activities – discontinued operations 7,058 21,012
Net cash flows from financing activities (202) (3,397)
Net change in cash and cash equivalents 30,782 17,607
(Increase) decrease in cash and cash equivalents – discontinued operations (20,429) (10,743)
Net increase (decrease) in cash and cash equivalents – continuing operations 10,353 6,864
Cash and cash equivalents at beginning of period – continuing operations 41,037 33,862
Cash and cash equivalents at end of period – continuing operations 51,390 40,726
Federal and state income taxes paid (net of refunds received) $ 2,848 $ (940)