| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
Net income (loss) | |||||||||
-386 | -704 | 4,528 | 2,636 | 4,388 | 4,430 | 11,022 | 4,436 | 3,290 | 990 |
Adjustments to reconcile income (loss) to net cash used in operating activities: | |||||||||
Amortization of deferred acquisition costs | |||||||||
17,288 | 17,611 | 16,036 | 11,884 | 10,320 | 10,678 | 8,960 | 10,451 | 10,475 | 9,775 |
Net amount of policy acquisition costs capitalized during the income statement period. | |||||||||
19,055 | 22,011 | - | - | - | - | - | - | - | - |
Total amount of policy acquisition costs capitalized during the income statement period. | |||||||||
- | - | 19,755 | -12,993 | - | - | - | - | - | - |
Acquisition costs deferred | |||||||||
- | - | - | - | 11,205 | -10,150 | -10,336 | -12,325 | -12,761 | 11,561 |
Realized investment gains (losses), net | |||||||||
1,574 | 5,154 | 9,168 | 2,595 | 4,857 | 1,571 | 8,741 | 1,434 | 27 | -741 |
Unrealized gains (losses) on equity securities, net | |||||||||
5,511 | -2,194 | 0 | - | - | - | - | - | - | - |
Distributions received from equity method investees | |||||||||
379 | 10,777 | 9,535 | - | - | - | - | - | - | - |
Compensation expense related to share awards | |||||||||
353 | 244 | 495 | 586 | 365 | 584 | 219 | 0 | - | - |
Depreciation and amortization | |||||||||
996 | 987 | 1,438 | 1,205 | 1,117 | 932 | 600 | 469 | 388 | 379 |
Deferred income tax (benefit) expense | |||||||||
-913 | -2,236 | -1,358 | -2 | 304 | 102 | -329 | -97 | -374 | 228 |
Decrease in receivables, net | |||||||||
4,709 | 10,221 | 6,185 | 407 | -1,329 | 1,419 | -1,448 | 1,140 | 2,605 | 3,840 |
Gain on purchase of debt securities | |||||||||
- | - | - | - | - | 750 | 0 | - | - | - |
Decrease in insurance reserves and policyholder funds | |||||||||
12,858 | 15,465 | 10,904 | -666 | -749 | 1,721 | 7,815 | 7,364 | 8,456 | 8,689 |
(Decrease) increase in accounts payable and accrued expenses | |||||||||
3,472 | -2,226 | 5,665 | 1,649 | 1,442 | -47 | 2,292 | -1,376 | 1,688 | - |
Other, net | |||||||||
5,005 | 266 | -34 | -19 | 245 | - | - | - | - | - |
Net cash used in operating activities | |||||||||
-1,807 | 4,460 | 12,169 | 1,316 | - | - | - | 6,115 | 9,128 | 4,900 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
The cash inflow associated with the aggregate amount received by the entity through the sale of marketable securities and policy loans during the period. | |||||||||
120,950 | 30,140 | 74,457 | - | - | - | - | - | - | - |
The cash inflow from maturity, prepayment and call of investment in fixed maturity security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). | |||||||||
6,157 | 4,906 | 10,791 | - | - | - | - | - | - | - |
Decrease in other liabilities | |||||||||
- | - | - | - | - | - | - | - | - | -589 |
Other, net | |||||||||
- | - | - | - | - | 57 | -70 | 233 | -598 | 88 |
Net cash used in operating activities | |||||||||
- | - | - | - | 2,209 | 4,453 | 13,020 | - | - | - |
Proceeds from investments sold | |||||||||
- | - | - | 62,361 | 84,873 | 75,441 | 108,745 | 24,479 | 39,452 | 3,290 |
Proceeds from investments matured, called or redeemed | |||||||||
- | - | - | 10,874 | 5,924 | 1,916 | 11,414 | 14,455 | 11,976 | 83,026 |
Investments purchased | |||||||||
124,029 | 49,552 | 84,552 | 75,071 | 91,676 | 82,836 | 112,466 | 44,403 | 65,494 | 82,402 |
Additions to property and equipment | |||||||||
69 | 281 | 103 | 396 | 322 | 4,127 | 1,338 | 169 | 56 | 50 |
Acquisition of Bankers Fidelity Assurance, net of $1,317 acquired | |||||||||
- | - | - | - | - | - | 2,540 | 0 | - | - |
Net cash provided by investing activities | |||||||||
- | - | - | - | -1,201 | -9,606 | 3,815 | - | - | - |
Net cash provided by investing activities | |||||||||
3,009 | -14,787 | 593 | -2,232 | - | - | - | -5,638 | -14,122 | 3,864 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
Payment for debt securities | |||||||||
- | - | - | - | - | 6,750 | 0 | - | - | - |
Redemption of Series D preferred stock | |||||||||
- | - | - | - | - | 1,000 | 500 | 0 | - | - |
Proceeds from exercise of stock options | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Payment of dividends on Series D preferred stock | |||||||||
399 | 399 | 399 | 399 | 399 | 471 | 483 | 1,015 | 0 | 508 |
Payment of dividends on common stock | |||||||||
403 | 407 | 408 | 408 | 412 | 834 | 423 | 1,486 | 445 | 0 |
Proceeds from shares issued under stock plans | |||||||||
26 | 36 | 32 | 51 | 47 | 84 | 138 | 297 | 222 | - |
Treasury stock acquired - share repurchase authorization | |||||||||
71 | 597 | 692 | 698 | 997 | 2,603 | 1,416 | 607 | 1,823 | 60 |
Treasury stock acquired - net employee share-based compensation | |||||||||
92 | 223 | 0 | - | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||
- | - | - | - | -1,761 | -11,574 | -2,684 | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
-939 | -1,590 | -1,467 | -1,454 | - | - | - | -2,811 | -2,046 | -568 |
Net decrease in cash and cash equivalents | |||||||||
263 | -11,917 | - | - | - | - | - | - | - | - |
Net (decrease) increase in cash | |||||||||
- | - | 11,295 | -2,370 | -753 | -16,727 | 14,151 | -2,334 | -7,040 | 8,196 |
SUPPLEMENTAL CASH FLOW INFORMATION: | |||||||||
Cash paid for interest | |||||||||
2,155 | 1,996 | 1,705 | 1,544 | - | - | - | - | - | - |
Cash paid for interest | |||||||||
- | - | - | - | 1,424 | 1,649 | 1,961 | 2,636 | 2,592 | 2,615 |
Cash paid for income taxes | |||||||||
1,662 | 2,107 | 1,400 | 675 | 1,465 | 445 | 536 | 405 | 0 | - |
Cash received for income taxes | |||||||||
- | - | - | - | - | - | - | - | - | 650 |