Statements of Cash Flows - USD ($)
|
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| Operating activities |
|
|
|
| Net income |
$ 4,178,000
|
$ 5,170,000
|
$ 3,573,000
|
| Adjustments to reconcile net income to net cash used in operating activities: |
|
|
|
| Change in reinsurance recoverable |
223,000
|
235,000
|
902,000
|
| Change in premiums and accounts receivable |
(92,000)
|
(163,000)
|
469,000
|
| Change in accrued investment income |
102,000
|
113,000
|
150,000
|
| Change in insurance policy reserves and expenses |
(6,336,000)
|
(9,002,000)
|
(7,613,000)
|
| Change in accounts payable and other liabilities |
(190,000)
|
(2,689,000)
|
765,000
|
| Change in commissions payable |
(64,000)
|
(450,000)
|
(184,000)
|
| Change in reinsurance balances payable |
(6,000)
|
6,000
|
(24,000)
|
| Change in funds held under reinsurance |
23,000
|
8,000
|
67,000
|
| Amortization of deferred gain on disposal of businesses |
(331,000)
|
228,000
|
(398,000)
|
| Change in income taxes |
1,374,000
|
572,000
|
371,000
|
| Net realized gains on investments |
(530,000)
|
(263,000)
|
(838,000)
|
| Other |
(172,000)
|
(20,000)
|
80,000
|
| Net cash used in operating activities |
(1,821,000)
|
(6,255,000)
|
(2,680,000)
|
| Sales of: |
|
|
|
| Fixed maturity securities available for sale |
2,153,000
|
6,045,000
|
11,921,000
|
| Equity securities available for sale |
909,000
|
258,000
|
3,144,000
|
| Other invested assets |
172,000
|
161,000
|
149,000
|
| Maturities, prepayments, and scheduled redemption of: |
|
|
|
| Fixed maturity securities available for sale |
6,887,000
|
7,050,000
|
8,775,000
|
| Commercial mortgage loans on real estate |
4,727,000
|
5,199,000
|
2,349,000
|
| Purchases of: |
|
|
|
| Fixed maturity securities available for sale |
(253,000)
|
(3,350,000)
|
(8,605,000)
|
| Equity securities available for sale |
(501,000)
|
(673,000)
|
(3,606,000)
|
| Change in short-term investments |
(3,296,000)
|
(5,291,000)
|
215,000
|
| Change in policy loans |
(27,000)
|
2,000
|
(11,000)
|
| Net cash provided by investing activities |
10,771,000
|
9,401,000
|
14,331,000
|
| Financing activities |
|
|
|
| Dividends paid |
(5,458,000)
|
(3,890,000)
|
(10,033,000)
|
| Return of capital |
(2,617,000)
|
0
|
(959,000)
|
| Net cash used in financing activities |
(8,075,000)
|
(3,890,000)
|
(10,992,000)
|
| Change in cash and cash equivalents |
875,000
|
(744,000)
|
659,000
|
| Cash and cash equivalents at beginning of period |
120,000
|
864,000
|
205,000
|
| Cash and cash equivalents at end of period |
995,000
|
120,000
|
864,000
|
| Supplemental information: |
|
|
|
| Income taxes paid |
$ 1,953,000
|
$ 2,105,000
|
$ 1,215,000
|