| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Net Income (Loss) Attributable to Parent | |||||||||
- | - | - | - | - | - | - | - | - | 6,372 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
31,458 | 21,859 | 25,701 | 19,515 | 12,549 | 9,672 | 14,796 | 11,190 | 6,933 | - |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation | |||||||||
1,759 | 1,657 | 1,435 | 1,307 | 1,105 | 833 | 669 | 486 | 475 | 508 |
Amortization of investments, net | |||||||||
712 | 748 | 788 | 771 | 728 | 630 | 507 | 468 | 338 | 343 |
Amortization of other intangible assets, net | |||||||||
505 | 577 | 917 | 214 | 0 | 0 | - | - | - | - |
Amortization related to postretirement benefits obligation | |||||||||
0 | 0 | 9 | 9 | 7 | 2 | 4 | 10 | 12 | 22 |
Share-based compensation expense related to stock appreciation rights | |||||||||
264 | 327 | 219 | 132 | 137 | 120 | 83 | 74 | 213 | 216 |
Excess tax benefits related to exercise of stock appreciation rights | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Net gain on disposals of property | |||||||||
46 | -12 | 23 | 12 | 24 | -24 | -7 | 28 | 26 | -6 |
Net realized (gain) loss on securities | |||||||||
1,343 | -117 | 1,201 | 739 | -32 | - | - | - | - | - |
Net realized loss (gain) on other investments | |||||||||
-3 | 7 | 22 | 29 | 149 | 1,450 | 1,257 | 1,674 | 749 | 987 |
Net realized loss on impairments of other assets and other investments | |||||||||
0 | 0 | 182 | 0 | 233 | - | - | - | - | - |
Increase in allowance for doubtful accounts on premiums receivable | |||||||||
- | - | - | - | - | - | - | - | -203 | -65 |
Net realized investment gains | |||||||||
- | - | - | - | - | 268 | 195 | 1,066 | 28 | 654 |
Unrealized Gain (Loss) on Investments | |||||||||
10,303 | -4,130 | 0 | 0 | - | - | - | - | - | - |
Net earnings from other investments | |||||||||
2,209 | 1,913 | 1,673 | 1,750 | 2,002 | - | - | - | - | - |
Provision (benefit) for claims | |||||||||
3,532 | -332 | 3,311 | 243 | 4,478 | 5,229 | -571 | 6,072 | 3,342 | 4,435 |
(Benefit) provision for deferred income taxes | |||||||||
2,278 | -4,074 | -4,664 | 2,790 | 1,015 | 611 | 1,804 | -292 | 21 | 832 |
Changes in assets and liabilities: | |||||||||
Decrease in premium and fees receivables | |||||||||
395 | 2,097 | 1,505 | 261 | -217 | -206 | -2,287 | 4,227 | -646 | 2,018 |
Increase in other assets | |||||||||
-1,654 | -540 | -388 | -2,631 | 4,879 | 393 | 2,906 | 407 | -77 | 902 |
Decrease (increase) in operating lease right-of-use assets | |||||||||
4,469 | 0 | 0 | - | - | - | - | - | - | - |
Increase in income taxes recoverable | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Decrease in accounts payable and accrued liabilities | |||||||||
583 | 216 | 1,463 | -582 | 6,689 | -2,080 | 4,923 | 2,372 | 1,913 | 1,456 |
Decrease (increase) in current income taxes receivable | |||||||||
0 | -385 | 385 | 0 | 0 | -366 | 366 | 0 | - | - |
Decrease (increase) in operating lease liabilities | |||||||||
4,502 | 0 | 0 | - | - | - | - | - | - | - |
Increase in current income taxes payable | |||||||||
-3,641 | 4,981 | -1,232 | 1,054 | 145 | 92 | -1,336 | 696 | -415 | 386 |
Payments of claims, net of recoveries | |||||||||
3,928 | 2,740 | 3,815 | 2,726 | 3,367 | 3,912 | 3,146 | 4,990 | 3,545 | 5,726 |
Net cash provided by (used in) operating activities | |||||||||
20,916 | 24,386 | 19,893 | 22,567 | 16,916 | 9,683 | 15,304 | 8,685 | 9,007 | 4,226 |
Investing Activities | |||||||||
Purchases of fixed maturity securities | |||||||||
26,431 | 0 | 18,420 | 15,737 | 20,164 | 30,899 | 23,466 | 15,899 | 15,318 | 16,047 |
Purchases of equity securities | |||||||||
6,374 | 13,954 | 4,646 | 3,688 | - | - | - | - | - | - |
Purchases of short-term investments | |||||||||
98,476 | 94,781 | 26,414 | 1,775 | 4,593 | 911 | 2,638 | 6,347 | 1,883 | 10,371 |
Purchases of other investments | |||||||||
2,536 | 1,544 | 1,873 | 2,744 | 3,717 | 1,689 | 1,369 | 3,441 | 853 | 560 |
Payments to Acquire Additional Interest in Subsidiaries | |||||||||
- | - | - | - | - | 515 | 0 | 0 | - | - |
Investment in subsidiary | |||||||||
- | - | - | 9 | 72 | 0 | 0 | 350 | 0 | - |
Proceeds from sales and maturities of fixed maturity securities | |||||||||
12,530 | 11,520 | 17,445 | 17,011 | 22,151 | 12,472 | 9,892 | 15,646 | 9,851 | 18,497 |
Proceeds from sales of equity securities | |||||||||
5,402 | 8,585 | 4,682 | 3,247 | - | - | - | - | - | - |
Proceeds from maturities of held-to-maturity securities | |||||||||
- | - | - | - | - | - | - | - | - | 2 |
Proceeds from sales and maturities of short-term investments | |||||||||
118,364 | 86,105 | 9,228 | 2,082 | 304 | 6,260 | 8,280 | 6,892 | 14,974 | 3,885 |
Proceeds from sales and distributions of other investments | |||||||||
3,192 | 3,055 | 2,696 | 3,437 | 3,911 | 1,584 | 2,107 | 2,301 | 861 | 923 |
Proceeds from sales of other assets | |||||||||
3 | 7 | 22 | 18 | 149 | 38 | 40 | 220 | 0 | - |
Purchase of subsidiary, net of cash received | |||||||||
0 | 0 | 175 | 8,316 | 0 | 0 | - | - | - | - |
Purchases of property | |||||||||
1,486 | 1,859 | 2,884 | 2,457 | 2,742 | 2,017 | 1,424 | 568 | 361 | 317 |
Proceeds from the sale of property | |||||||||
301 | 59 | 51 | 92 | 75 | 24 | 24 | 65 | 31 | 24 |
Net cash (used in) provided by investing activities | |||||||||
4,489 | -2,807 | -20,288 | -8,839 | -4,699 | -15,653 | -8,553 | -1,480 | 7,302 | -3,964 |
Financing Activities | |||||||||
Repurchases of common stock | |||||||||
19 | 29 | 246 | 6,220 | 5,483 | 1,055 | 4,262 | 3,975 | 5,940 | 378 |
Exercise of stock appreciation rights | |||||||||
0 | -1 | 0 | 0 | 54 | 27 | 75 | 160 | 155 | 140 |
Proceeds from note payable | |||||||||
- | - | - | 6,000 | 0 | 0 | - | - | - | - |
Payments on note payable | |||||||||
- | - | - | 6,000 | 0 | 0 | - | - | - | - |
Distribution of equity for noncontrolling interest | |||||||||
0 | 52 | 0 | 0 | - | - | - | - | - | - |
Distribution to noncontrolling interest | |||||||||
- | - | - | - | - | 168 | 36 | 40 | 0 | - |
Distribution of equity for noncontrolling interest | |||||||||
- | - | - | - | -35 | 0 | 0 | - | - | - |
Excess tax benefits related to exercise of stock options and SARs | |||||||||
- | - | - | - | - | 15 | 946 | 22 | - | - |
Dividends paid | |||||||||
18,131 | 23,017 | 7,073 | 1,370 | 789 | 650 | 657 | 603 | 599 | 639 |
Net cash used in financing activities | |||||||||
-18,150 | -23,099 | -7,319 | -7,590 | -6,253 | -1,831 | -3,934 | -4,437 | -6,384 | -878 |
Net Increase (Decrease) in Cash and Cash Equivalents | |||||||||
7,255 | -1,520 | -7,714 | 6,138 | 5,963 | -7,800 | 2,816 | 2,767 | 9,925 | -616 |
Supplemental Disclosures: | |||||||||
Cash Paid During the Year for: | |||||||||
Income tax refunds, net | |||||||||
9,734 | 5,462 | 11,539 | 5,068 | 4,658 | 2,744 | 5,724 | 4,479 | 2,963 | 1,079 |
Non cash net unrealized gain on investments, net of deferred tax provision of $(17) and $(307) for March 31, 2020 and 2019, respectively | |||||||||
2,151 | -1,406 | 4,132 | 273 | -1,336 | 1,538 | 2,474 | 1,393 | 1,888 | 835 |
Accumulated postretirement benefit obligation adjustment | |||||||||
0 | 37 | 46 | 0 | -41 | -31 | 50 | -54 | -75 | 107 |
Changes in Financial Statement Amounts Related to Purchase of Subsidiaries, Net of Cash Received | |||||||||
Goodwill and other intangibles acquired | |||||||||
0 | 0 | 237 | 11,250 | 0 | 0 | - | - | - | - |
Title plant acquired (in prepaid expenses and other assets) | |||||||||
- | - | - | 690 | 0 | 0 | - | - | - | - |
Fixed assets acquired | |||||||||
- | - | - | 534 | 0 | 0 | - | - | - | - |
Prepaid and other assets acquired | |||||||||
- | - | - | 15 | 0 | 0 | - | - | - | - |
Accounts payable and accrued liabilities assumed | |||||||||
0 | 0 | 62 | 1,684 | 0 | 0 | - | - | - | - |
Deferred income taxes | |||||||||
- | - | - | 2,489 | 0 | 0 | - | - | - | - |
Purchase of subsidiary, net of cash received | |||||||||
0 | 0 | 175 | -8,316 | 0 | 0 | - | - | - | - |
Non cash intangible assets acquired from purchase of subsidiary | |||||||||
- | - | - | - | - | - | - | 1,481 | 0 | - |
Non cash contingent liability from purchase of subsidiary | |||||||||
- | - | - | - | - | - | - | 691 | 0 | - |