7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-09-30 2016-09-30 2016-06-30 2016-03-31 2013-03-31 2011-03-31 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 
      
    		                                                   
      cash flows from operating activities
    		                                                   
      net income
    		39,190,000 22,947,000 17,700,000 31,442,000 19,748,000 -2,735,000 13,502,000 19,608,000 6,380,000 -56,382,000 694,000 20,120,000 -22,981,000 -10,457,000 28,349,000 57,735,000 -9,593,000 13,750,000 18,702,000 -8,891,000 -37,241,000 5,960,000 -72,534,000 -7,933,000 12,368,000 3,114,000 22,427,000 22,393,000 5,810,000 15,394,000 19,392,000  -10,156,000 -5,334,000 3,270,000 -14,842,000 -16,826,000 -1,523,000 20,127,000  19,071,000 31,252,000 34,610,000 -58,428,000 7,955,000 26,917,000 32,600,000 18,606,000 21,685,000 20,055,000 18,471,000 
      adjustments to reconcile net income to net cash from operating activities
    		                                                   
      net accretion of bond premium
    		346,000 540,000 259,000 610,000 860,000 1,396,000 1,665,000 1,854,000 1,747,000 1,694,000 1,797,000 2,031,000 1,868,000 2,195,000 2,906,000 3,051,000 3,343,000 3,617,000 3,586,000 2,725,000 2,218,000 2,493,000 3,008,000 2,750,000 3,807,000 3,629,000 3,447,000 3,981,000 1,705,000 1,057,000 834,000                     
      depreciation and amortization
    		2,821,000 2,496,000 2,496,000 2,588,000 2,496,000 3,148,000 2,672,000 2,667,000 2,659,000 2,536,000 2,646,000 -409,000 4,668,000 1,743,000 1,668,000 1,683,000 1,712,000 1,547,000 1,628,000 1,647,000 1,691,000 1,682,000 1,636,000 1,919,000 1,700,000 1,553,000 1,626,000 1,785,000 706,000 720,000 735,000  890,000 906,000 899,000 980,000 918,000 821,000 897,000  912,000 878,000 874,000 990,000 926,000 918,000 913,000 982,000 937,000 990,000 1,000,000 
      stock-based compensation expense
    		2,316,000 1,941,000 1,758,000 1,719,000 1,087,000 1,555,000 1,156,000 122,000 949,000 1,099,000 1,076,000 236,000 828,000 783,000 979,000 370,000 959,000 1,106,000 1,009,000 1,013,000 1,052,000 1,293,000 1,634,000 2,530,000 866,000 888,000 977,000 411,000 489,000 431,000 447,000  421,000 409,000 858,000 478,000 478,000 433,000 391,000  329,000 398,000 350,000         
      net investment (gains) losses
    		609,000 1,107,000 793,000 1,498,000 1,731,000 1,381,000 1,291,000 -3,931,000 2,072,000 -1,247,000 1,559,000 -20,025,000 14,250,000 20,932,000 465,000                                     
      net cash flows from equity and trading investments
    		    0 0 56,381,000  76,527,000 31,030,000 8,523,000  564,000 10,774,000 18,387,000  -6,479,000 2,246,000 38,737,000  20,404,000 14,992,000 2,156,000 -20,928,000                            
      deferred income tax expense
    		1,141,000 -4,309,000 -2,061,000  1,118,000 -2,559,000 -7,170,000  -5,200,000 -4,251,000 -2,182,000  -2,622,000               460,000 117,000 663,000 2,313,000     -4,461,000 -5,126,000 -1,141,000 -1,024,000  -573,000 -184,000 870,000  164,000 232,000 260,000     
      changes in:
    		                                                   
      accrued investment income
    		392,000 -877,000 354,000 274,000 474,000 -218,000 -391,000 1,335,000 -2,531,000 658,000 -916,000 689,000 -1,090,000 -144,000 -539,000 551,000 -121,000 836,000 -47,000 413,000 -543,000 708,000 -11,000 2,045,000 -2,106,000 1,924,000 -1,689,000 296,000 400,000 628,000 -1,389,000  -537,000 0 -1,012,000 2,152,000 -1,925,000 542,000 -187,000  -957,000 356,000 -37,000 -45,000 -2,048,000 -303,000 -668,000 681,000 358,000 -2,264,000 852,000 
      premiums receivable
    		-8,178,000 -60,017,000 -1,842,000 158,082,000 -24,362,000 -66,276,000 -53,454,000 10,841,000 -11,946,000 -65,296,000 -32,661,000 8,612,000 -1,335,000 -38,116,000 -18,119,000 8,301,000 9,195,000 -5,878,000 -11,097,000 34,858,000 24,658,000 -13,606,000 -5,570,000 10,937,000 8,609,000 -37,089,000 -26,245,000 -19,631,000 -8,447,000 -12,762,000 -4,153,000  7,994,000 -12,145,000 -7,540,000 13,890,000 9,348,000 -18,761,000 -17,713,000  7,202,000 -12,287,000 -5,178,000 12,370,000 5,572,000 -11,963,000 -2,870,000 10,262,000 4,129,000 -11,568,000 -4,378,000 
      deferred policy acquisition costs
    		-2,470,000 -10,126,000 -4,626,000 1,814,000 -4,994,000 -8,834,000 -8,678,000 -1,240,000 -2,643,000 -15,160,000 -3,264,000 2,151,000 -2,286,000 -8,328,000 -4,316,000 3,614,000 1,226,000 -8,331,000 -861,000 7,129,000 3,343,000 -3,231,000 -43,000 1,259,000 2,176,000 -7,428,000 -3,579,000 -2,917,000 -1,719,000 -3,930,000 -3,364,000  1,471,000 -2,065,000 -1,927,000 6,514,000 1,426,000 399,000 -1,322,000  -410,000 -1,530,000 -591,000 -2,445,000 2,379,000 -2,998,000 87,000 6,022,000 -2,448,000 -2,616,000 1,280,000 
      reinsurance receivables
    		14,689,000 -15,601,000 -1,392,000 19,214,000 -6,054,000 -4,017,000 -16,702,000 -11,624,000 -16,779,000 -32,441,000 8,528,000 -14,993,000 -20,433,000 -539,000 -7,173,000 -6,525,000 3,495,000 38,756,000 -3,001,000 39,380,000 -72,039,000 -29,486,000 -26,026,000 -720,000 -6,219,000 -9,195,000 1,782,000 -5,741,000 830,000 -8,726,000 1,352,000  -3,776,000 -2,194,000 9,419,000 -12,554,000 819,000 -5,154,000 2,089,000  4,739,000 -2,341,000 6,979,000 13,052,000 -103,291,000 -828,000 -2,609,000 -889,000 -1,732,000 663,000 -64,000 
      prepaid reinsurance premiums
    		7,403,000 4,400,000 755,000 -2,879,000 -9,114,000 -8,291,000 3,074,000 -6,257,000 -8,455,000 -2,401,000 731,000 842,000 -1,519,000 -1,759,000 464,000 -16,000 3,039,000 1,062,000 -448,000 -681,000 2,222,000 -2,817,000 -2,139,000 266,000 151,000 -41,000 -322,000 -255,000 -135,000 -28,000 -58,000  0 -71,000 -224,000 166,000 293,000 558,000 69,000  205,000 1,264,000 1,521,000 85,000 -77,000 74,000 25,000 18,000 169,000 306,000 -10,000 
      income taxes receivable
    		3,297,000 1,909,000 6,284,000 2,410,000 3,009,000 -8,076,000 9,939,000 15,006,000 6,381,000 -12,906,000 1,474,000 8,175,000 -5,945,000 -18,974,000 17,704,000 36,696,000 -6,806,000 3,940,000 -14,000 -8,806,000 -19,014,000 -4,034,000 -15,150,000 -3,002,000 609,000   14,150,000 1,018,000 -5,971,000 17,435,000  -8,163,000               1,352,000 658,000 -2,010,000 4,574,000 
      other assets
    		-11,816,000 2,653,000 11,769,000 -9,947,000 -4,451,000 77,150,000 -65,029,000 -32,807,000 -1,348,000 -139,000 -109,000 -14,894,000 9,202,000 12,324,000 -14,768,000 -35,409,000 1,916,000 -3,263,000 -7,109,000 4,325,000 -2,454,000 -2,036,000 -7,126,000 -17,543,000 498,000 1,287,000 -1,240,000 1,013,000 6,355,000 217,000 1,642,000  28,762,000 -588,000 47,000 27,813,000 -400,000 -30,171,000 -630,000  -1,757,000 -1,185,000 -415,000 -574,000 -1,163,000 -363,000 -2,288,000 764,000 -544,000 -1,808,000 3,256,000 
      losses and loss settlement expenses
    		21,936,000 43,672,000 19,677,000  39,202,000 64,854,000 52,130,000  22,086,000 115,441,000 2,117,000  4,680,000 -28,163,000 -26,274,000  -803,000 -44,572,000 34,894,000  77,394,000 39,284,000 16,651,000 31,392,000                            
      unearned premium
    		-8,246,000 55,444,000 22,783,000                                                 
      accrued expenses and other liabilities
    		-3,646,000 4,970,000 -39,568,000 -22,408,000 21,844,000 -5,216,000 7,212,000 34,510,000 19,449,000 31,856,000 -14,859,000 11,569,000 -5,405,000 10,277,000 -3,469,000 23,778,000 -2,271,000 7,039,000 -26,116,000 -10,722,000 6,691,000 -140,000 -1,958,000 7,438,000 -14,049,000 14,288,000 -7,205,000 -5,068,000 11,507,000 6,592,000 -10,969,000  -3,845,000 589,000 4,157,000 -279,000 -6,337,000 -3,145,000 8,800,000  24,000 2,771,000 -12,988,000 -4,360,000 4,319,000 6,921,000 -5,936,000 7,302,000 -5,086,000 6,277,000 -5,281,000 
      other
    		1,063,000 2,241,000 535,000 -1,532,000 -2,527,000 1,162,000 1,206,000 -1,737,000 -732,000 3,720,000 1,650,000 935,000 2,957,000 3,789,000 247,000 -213,000 860,000 -1,752,000 -6,532,000 -5,594,000 4,776,000 -700,000 11,120,000 -816,000 -3,543,000 -589,000 2,063,000 31,000 -748,000 -688,000 194,000  -305,000 -592,000 1,545,000 1,369,000 2,377,000 1,112,000 1,137,000  510,000 503,000 -106,000 251,000 198,000 301,000 353,000 -582,000 491,000 361,000 1,162,000 
      net cash from operating activities
    		60,847,000 53,390,000 35,674,000 156,354,000 56,458,000 91,331,000 36,161,000 22,230,000 111,642,000 44,650,000 -6,786,000 28,542,000 -13,919,000 -17,469,000 1,595,000 11,729,000 -16,642,000 15,320,000 19,510,000 54,303,000 -17,100,000 6,719,000 -2,487,000 -9,482,000 46,992,000 45,751,000 35,326,000 31,744,000 31,268,000 13,751,000 29,716,000  15,064,000 27,562,000 9,189,000 12,685,000 15,298,000 -13,597,000 29,518,000  28,372,000 3,670,000 25,727,000 -40,672,000 35,385,000 27,565,000 31,412,000 40,438,000 33,395,000 25,933,000 42,924,000 
      capex
    		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -3,466,000 0 0 0 0 0 0 0 0 0 0  0 0 0 0 -726,000 -54,000 -347,000  0 0 0 0 0 0 0 0 -4,176,000 -146,000 -578,000 
      free cash flows
    		60,847,000 53,390,000 35,674,000 156,354,000 56,458,000 91,331,000 36,161,000 22,230,000 111,642,000 44,650,000 -6,786,000 28,542,000 -13,919,000 -17,469,000 1,595,000 11,729,000 -16,642,000 15,320,000 19,510,000 54,303,000 -20,566,000 6,719,000 -2,487,000 -9,482,000 46,992,000 45,751,000 35,326,000 31,744,000 31,268,000 13,751,000 29,716,000  15,064,000 27,562,000 9,189,000 12,685,000 14,572,000 -13,651,000 29,171,000  28,372,000 3,670,000 25,727,000 -40,672,000 35,385,000 27,565,000 31,412,000 40,438,000 29,219,000 25,787,000 42,346,000 
      cash flows from investing activities
    		                                                   
      proceeds from sale of available-for-sale investments
    		95,625,000 0 24,318,000 94,392,000 163,380,000 145,621,000 88,378,000 28,639,000 4,940,000 33,941,000 9,868,000 150,000 18,399,000   9,877,000 53,973,000 16,982,000 99,682,000 33,837,000 0 4,997,000 11,910,000 12,496,000 2,007,000 1,074,000 1,968,000 2,810,000 4,847,000 2,799,000 603,000  3,060,000 311,000 8,049,000 3,163,000 2,641,000    0 0 2,846,000 1,791,000 1,113,000   900,000 5,152,000 1,201,000 4,288,000 
      proceeds from call and maturity of available-for-sale investments
    		66,148,000 61,412,000 49,821,000 42,578,000 69,103,000 32,405,000 34,719,000 33,684,000 18,361,000 7,612,000 20,424,000 38,592,000 41,269,000 38,942,000 65,407,000 49,535,000 61,135,000 80,950,000 72,617,000 79,543,000 79,729,000 90,733,000 68,976,000 145,827,000 116,531,000 168,849,000 142,629,000 127,514,000 197,447,000 106,020,000 86,868,000  68,546,000 94,046,000 83,586,000 91,231,000 33,430,000 75,647,000 157,940,000  50,177,000 83,993,000 60,571,000 76,289,000 45,665,000 37,943,000 71,081,000 39,502,000 93,726,000 40,630,000 46,445,000 
      proceeds from sale of other investments
    		1,758,000 2,937,000 3,148,000  1,516,000 1,358,000 4,739,000  1,371,000 1,139,000 972,000  861,000 801,000 1,581,000  1,402,000 1,593,000 621,000  2,641,000                               
      purchase of available-for-sale investments
    		-205,654,000 -75,875,000 -110,957,000                    -57,182,000 232,105,000 -107,943,000 -213,875,000 -124,338,000 -142,615,000 -154,923,000 -112,712,000 -165,250,000  -98,182,000 -122,215,000 -129,264,000 -121,708,000 -60,837,000 -192,454,000 -159,669,000  -96,957,000 -105,868,000 -62,454,000 -91,728,000 -71,064,000 -83,822,000 -187,412,000 -35,501,000 -58,658,000 -176,008,000 -84,601,000 
      purchase of other investments
    		-11,383,000 -17,090,000 -11,986,000  -1,062,000 -1,722,000 -1,494,000  -2,388,000 -5,321,000 -7,190,000  -2,103,000 -1,747,000 -1,597,000  -1,358,000 -2,240,000 -2,423,000  -1,252,000                               
      net purchases and sales of property and equipment
    		-1,558,000 -1,738,000 -2,495,000 -2,940,000 -3,090,000 -3,237,000 -2,603,000 -2,849,000 -2,420,000 -3,002,000 -2,615,000 538,000 -3,372,000 3,207,000 -2,510,000 -3,044,000 -3,338,000 -3,746,000 -3,848,000    -7,144,000 -14,784,000 -3,265,000 -2,256,000 -569,000 -386,000 -100,000 -331,000 -629,000  -3,195,000 -1,568,000 -3,094,000      -525,000 -638,000 -218,000 -558,000 -449,000 -671,000 -234,000     
      net cash from investing activities
    		-55,064,000 -30,354,000 -48,151,000 -149,415,000 -8,468,000 -218,484,000 83,880,000 14,775,000 -118,148,000 -14,012,000 -32,501,000 19,143,000 -20,785,000 2,532,000 -20,061,000 -8,627,000 35,659,000 36,381,000 -31,682,000 -112,707,000 -21,291,000 26,893,000 14,234,000 67,266,000 5,483,000 -45,994,000 20,487,000 -13,151,000 -123,768,000 112,000 -156,262,000  -111,154,000 -21,704,000 -35,379,000 -6,610,000 3,245,000 -98,541,000 -5,349,000  -34,287,000 -22,057,000 -6,692,000 -27,103,000 -12,558,000 -33,938,000 -110,145,000 39,248,000 11,317,000 -133,498,000 -28,253,000 
      cash flows from financing activities
    		                                                   
      debt note issuance
    		   2,989,000 46,000                                               
      debt note issuance costs
    		                                                   
      issuance of common stock
    		985,000 -486,000 -732,000 758,000 -40,000 -114,000 -256,000 -67,000 -5,000 -122,000 -96,000 -18,000 -182,000 1,377,000 -349,000 -9,000 0 76,000 -488,000 497,000 -6,000 193,000 -755,000 -3,761,000 1,011,000 1,393,000 4,745,000 603,000  22,000 1,000  0 12,000 7,000   82,000 36,000  247,000 202,000 64,000     52,000 227,000 42,000 305,000 
      payment of cash dividends
    		-4,082,000 -4,079,000 -4,062,000 -4,058,000 -4,055,000 -4,053,000 -4,046,000 -4,042,000 -4,043,000 -4,042,000 -4,037,000 -4,034,000 -4,031,000 -4,028,000 -3,767,000 -3,762,000 -3,763,000 -3,772,000 -3,767,000 -3,749,000 -8,261,000 -8,267,000 -8,249,000 -9,690,000 -6,348,000 -6,345,000 -5,553,000 -3,786,000 -3,929,000 -3,955,000 -3,955,000  -3,989,000 -3,988,000 -3,994,000   -4,084,000 -4,079,000  -3,736,000 -3,734,000 -3,733,000 -2,832,000 -2,831,000 -2,833,000 -3,517,000 -3,516,000 -5,120,000 -3,111,000 -3,111,000 
      net cash from financing activities
    		25,805,000 -4,565,000 -4,794,000 -3,361,000 -4,049,000 62,798,000 -4,302,000 -4,109,000 -4,048,000 -4,164,000 -4,133,000 -4,052,000 -4,213,000 -2,651,000 -4,116,000 -3,770,000 -4,764,000 -4,696,000 -4,262,000 46,748,000 -8,267,000 -8,074,000 -11,745,000 -4,627,000 -31,231,000 -24,038,000 -18,281,000 -24,111,000 78,215,000 -1,244,000 79,914,000    22,754,000 -15,284,000 -37,069,000 -19,021,000 -8,258,000  -21,114,000 -20,173,000 -25,851,000 -9,259,000 -5,324,000 -3,391,000 5,244,000 1,082,000 -1,175,000 4,978,000 4,122,000 
      net change in cash and cash equivalents
    		31,588,000 18,471,000 -17,271,000 3,578,000 43,941,000 -64,355,000 115,739,000 32,896,000 -10,554,000 26,474,000 -43,420,000 43,633,000 -38,917,000 -17,588,000 -22,582,000 -668,000 14,253,000 47,005,000 -16,434,000 -11,656,000 -46,658,000 25,538,000 2,000 53,157,000 21,244,000 -24,281,000 37,532,000 -5,518,000 -14,285,000 12,619,000 -46,632,000  23,351,000 46,827,000 -3,436,000 -9,209,000 -18,526,000 -131,159,000 15,911,000  -27,029,000 -38,560,000 -6,816,000 -77,034,000 17,503,000 -9,764,000 -73,489,000 80,768,000 43,537,000 -102,587,000 18,793,000 
      cash and cash equivalents at beginning of period
    		0 0 200,949,000  0 0 102,046,000  0 0 96,650,000  0 0 132,104,000  0 0 87,948,000  0 0 120,722,000  0 0 106,449,000 107,466,000 180,057,000 0 190,852,000  0 0 109,582,000  0 0 252,565,000  0 0 255,045,000  0    0 0 265,064,000 
      cash and cash equivalents at end of period
    		31,588,000 18,471,000 183,678,000  43,941,000 -64,355,000 217,785,000  -10,554,000 26,474,000 53,230,000  -38,917,000 -17,588,000 109,522,000  14,253,000 47,005,000 71,514,000  -46,658,000 25,538,000 120,724,000  21,244,000 -24,281,000 143,981,000 101,948,000 165,772,000 12,619,000 144,220,000  23,351,000 46,827,000 106,146,000  -18,526,000 -131,159,000 268,476,000  -27,029,000 -38,560,000 248,229,000  17,503,000    43,537,000 -102,587,000 283,857,000 
      supplemental disclosures of cash flow information
    		                                                   
      income taxes paid
    		11,600,000   5,400,000 1,100,000 9,600,000 12,000 12,000 12,000 1,312,000 12,000                                         
      interest paid
    		3,118,000 2,533,000 2,434,000 2,372,000 2,481,000 1,460,000 859,000 869,000 797,000 797,000 797,000                                         
      net cash flows from trading investments
    		                        -292,000 385,000 -129,000 46,000 -205,000 1,627,000 752,000  978,000 -284,000 -2,068,000 -1,124,000 1,606,000 5,631,000 -4,247,000  3,612,000 -1,596,000 50,000 1,671,000 -522,000 5,619,000 -1,425,000 -3,181,000 -269,000 -19,000 1,500,000 
      deferred income tax benefit
    		              -1,234,000 5,384,000 -2,334,000 -1,420,000 4,002,000 4,356,000 -2,595,000 2,574,000 -21,803,000 17,665,000 -426,000 -2,083,000 322,000      -507,000 -6,465,000 -3,208,000              771,000   
      losses, claims and loss settlement expenses
    		                                                   
      unearned premiums
    		   -28,591,000 16,391,000 46,906,000 37,358,000 -11,279,000 23,026,000 46,839,000 16,410,000 -13,905,000 10,680,000 31,562,000 6,318,000 -19,198,000 -15,240,000 12,641,000 -3,315,000 -34,885,000 -31,071,000 9,841,000 15,798,000 -17,045,000 -7,163,000 39,850,000 21,001,000 14,670,000 9,090,000 11,695,000 5,186,000  -7,695,000 10,970,000 5,595,000 -16,929,000 -5,870,000 5,379,000 9,856,000  -7,665,000 9,141,000 4,152,000 -12,802,000 -6,104,000 9,675,000 1,234,000 -15,699,000 -5,376,000 14,686,000 4,714,000 
      deferred income taxes
    		               545,000    -192,000 3,529,000 -279,000 4,463,000 13,620,000 2,746,000 -2,000 -548,000 1,665,000 2,000 -1,000 -1,387,000     -98,000 984,000 -2,000 -546,000  -343,000 0 -548,000 769,000 239,000 1,000 -549,000 371,000   115,000 
      proceeds from short-term and other investments
    		                      1,889,000 -2,209,000 823,000 623,000 789,000 407,000 1,548,000 419,000 2,781,000  10,756,000 12,691,000 5,234,000   24,158,000 30,682,000  13,244,000 30,440,000 6,469,000 461,000 14,334,000 13,736,000 9,061,000 30,790,000 2,079,000 6,582,000 2,445,000 
      purchase of mortgage loans
    		                      -2,746,000 -827,000                            
      purchase of short-term and other investments
    		                      -1,469,000 -14,944,000 -2,676,000   -900,000 -454,000 -458,000 -2,850,000  -3,720,000 -5,488,000 -2,046,000   -8,254,000 -42,009,000  -1,628,000 -39,543,000 -19,105,000 -17,733,000 -7,976,000 -4,815,000 -6,457,000 -9,059,000 -34,431,000 -19,226,000 -7,664,000 
      cash and cash equivalents at beginning of year
    		                                              305,575,000     
      cash and cash equivalents at end of year
    		                                              232,086,000     
      cash from operating activities
    		      22,659,000 2,622,000 105,262,000 101,032,000 -7,480,000 8,422,000 9,062,000 -7,012,000 -26,754,000 -46,006,000 -7,049,000 1,570,000 808,000  20,141,000 759,000 70,047,000                             
      purchase of investments in mortgage loans
    		        0 -8,009,000 -128,000  0                                       
      purchase of investments available-for-sale
    		    -238,315,000 -392,909,000 -39,859,000  -138,012,000 -40,372,000 -53,832,000  -75,839,000 -103,578,000 -82,942,000  -76,155,000 -57,158,000 -198,331,000  -98,702,000                               
      borrowings of long-term debt
    		                                                   
      repurchase of common stock
    		               1,000 -1,001,000 -1,000,000 -7,000 0 0 0 -2,741,000 -2,723,000      -931,000 -2,758,000  0 0 -538,000 -2,879,000 -6,709,000 -5,039,000 -190,000             
      goodwill impairment
    		                   0                                
      net realized investment (gains) losses
    		                2,269,000 -6,004,000 -24,508,000 -30,021,000 -15,212,000 -15,779,000 93,407,000 -56,693,000                            
      less net income from discontinued operations, net of taxes
    		                                                   
      cash from operating activities - continuing operations
    		                       -30,465,000                            
      cash from operating activities - discontinued operations
    		                                                   
      cash from operating activities - gain on sale of discontinued operations
    		                                                   
      total adjustments
    		                       363,000 34,624,000 42,637,000 12,899,000 9,351,000 25,458,000 -1,643,000 10,324,000  25,220,000 32,896,000 5,919,000 27,527,000 32,124,000 -12,074,000 9,391,000  9,301,000 -27,582,000 -8,883,000 17,756,000 27,430,000 648,000 -1,188,000 21,832,000 11,710,000 5,878,000 24,453,000 
      proceeds from sale of discontinued operations
    		                                                   
      cash from investing activities - continuing operations
    		                       81,609,000                            
      cash from investing activities - discontinued operations
    		                                                   
      cash from financing activities - continued operations
    		                                                   
      cash from financing activities - discontinued operations
    		                                                   
      less: decrease in cash and cash equivalents - discontinued operations
    		                                                   
      net increase in cash and cash equivalents - continuing operations
    		                       59,976,000                            
      cash and cash equivalents at beginning of year - continuing operations
    		                                                   
      cash and cash equivalents at end of year - continuing operations
    		                                                   
      purchase of property and equipment
    		                    -3,466,000                            -4,176,000 -146,000 -578,000 
      purchase of investments mortgage loans
    		                                                   
      income taxes payable
    		                        0 -5,645,000 728,000                   -13,894,000 13,047,000    3,921,000 
      proceeds from the sale of discontinued operations
    		                                                   
      cash from financing activities - continuing operations
    		                       -16,174,000                            
      less: increase in cash and cash equivalents - discontinued operations
    		                                                   
      cash and cash equivalents at beginning of period - continuing operations
    		                       -31,108,000                            
      cash and cash equivalents at end of period - continuing operations
    		                       28,868,000                            
      net realized investment gains
    		                        -2,590,000 -1,596,000 -2,055,000 -1,909,000 -2,653,000                       
      future policy benefits and losses, claims and loss settlement expenses
    		                        49,850,000 54,842,000 23,965,000 6,364,000 7,146,000 9,179,000 3,480,000  11,093,000 21,763,000 -6,489,000 38,950,000 35,505,000 45,374,000 1,669,000  9,621,000 -5,873,000 -22,660,000 41,931,000        
      proceeds from call and maturity of held-to-maturity investments
    		                        6,000 6,000 8,000 19,000 486,000 619,000 984,000  616,000 519,000 2,156,000 865,000 1,847,000 1,496,000 8,054,000  1,402,000 9,559,000 5,199,000 4,375,000 5,819,000 875,000 3,816,000 6,077,000 7,625,000 13,469,000 11,412,000 
      policyholders’ account balances
    		                                                   
      deposits to investment and universal life contracts
    		                        18,500,000 20,322,000 25,145,000 25,369,000 31,242,000 36,291,000 34,378,000  56,520,000 88,519,000 75,338,000 58,038,000 63,973,000 47,092,000 41,836,000  72,865,000 41,152,000 54,160,000 39,433,000 29,006,000 29,981,000 33,170,000 32,498,000 28,724,000 29,392,000 28,427,000 
      withdrawals from investment and universal life contracts
    		                        -41,399,000 -39,718,000 -41,954,000 -46,219,000 -28,984,000 -28,916,000 -26,521,000  -22,168,000 -43,546,000 -48,064,000 -66,400,000 -90,353,000 -57,094,000 -45,876,000  -83,628,000 -57,844,000 -76,368,000 -45,878,000 -31,546,000 -30,795,000 -24,663,000 -27,952,000 -25,006,000 -21,345,000 -21,499,000 
      tax impact from issuance of common stock
    		                        -128,000 310,000 -664,000 -78,000                        
      repayment of trust preferred securities
    		                                                   
      acquisition of property and casualty company, net of cash acquired
    		                            -172,619,000                       
      borrowings of short-term debt
    		                            79,900,000                       
      repayment of short-term debt
    		                                                   
      change in securities lending collateral
    		                             3,756,000 -78,769,000                     
      change in securities lending payable
    		                             -3,756,000 78,769,000                     
      tax benefit from issuance of common stock
    		                            -14,000      5,000  5,000 22,000 15,000  88,000 51,000 26,000         
      realized investment (gains) losses
    		                             -2,346,000 -2,726,000     6,019,000 4,154,000 -944,000 1,154,000         -760,000 -2,281,000 -698,000 -321,000 
      cash provided by:
    		                                                   
      operating activities
    		                                                   
      investing activities
    		                                                   
      financing activities
    		                                                   
      net increase in cash and cash equivalents
    		                                                   
      net bond premium amortization
    		                                                   
      realized investment losses
    		                                -1,925,000 13,153,000 3,488,000                 
      changes in securities lending collateral
    		                                                   
      changes in securities lending payable
    		                                                   
      proceeds from exercise of stock options
    		                                                   
      net bond premium accretion
    		                                 843,000 705,000                 
      tax benefit (expense) from issuance of common stock
    		                                                   
      net cash from by financing activities
    		                                                   
      adjustments to reconcile net income to net cash from operating activities:
    		                                                   
      income taxes receivable/payable
    		                                  1,674,000 -6,896,000 -7,243,000 -13,813,000 8,417,000  -5,281,000 -16,140,000 20,846,000 -33,121,000        
      policyholders’ account balances:
    		                                                   
      net bond premium (discount) accretion
    		                                           404,000 58,000       
      funds on deposit for hurricane katrina litigation
    		                                                   
      net bond (discount) premium accretion
    		                                    1,117,000 808,000 581,000  4,000 -257,000 -8,000         
      proceeds from sale of short-term and other investments
    		                                                   
      net increase from purchase of short-term and other investments
    		                                                   
      net purchases of property and equipment
    		                                    -726,000 -54,000 -347,000             
      payment of cash dividends to common stockholders
    		                                                   
      realized investment gains
    		                                        -871,000 -1,500,000 -1,994,000  -631,000 -1,606,000 -1,828,000     
      net proceeds from sale of subsidiary
    		                                                   
      gain on sale of subsidiary
    		                                                   
      deferred income tax (benefit) expense
    		                                                   
      purchase of held-to-maturity investments
    		                                                   
      issuance of common stock pursuant to stock option exercises
    		                                           18,000 47,000 398,000 254,000     
      redemption of preferred stock
    		                                           0 0       
      future policy benefits and losses, claims and settlement expenses
    		                                             13,207,000 840,000 17,459,000 21,954,000 7,861,000 12,215,000 
      net bond discount accretion
    		                                              226,000 27,000 -50,000 -77,000 -82,000 
      issuance of preferred stock
    		                                                   
      net cashflows from trading investments
    		                                                   
      accounts receivable
    		                                                   
      net proceeds from the issuance of preferred stock
    		                                                   
      net proceeds from the issuance of common stock
    		                                                   
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.