Baldwin & Lyons, Inc. (BWINB) Cash Flow Statement

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Net cash provided by operating activities
Purchases of long-term investments
Proceeds from sales or maturities of long-term investments	286.58M
Net purchases of short-term investments	720K
Other investing activities	-3.98M
Net cash provided by (used in) investing activities
Dividends paid to shareholders	-11.89M
Repayment on line of credit
Net cash used in financing activities
Effect of foreign exchange rates on cash and cash equivalents	398K
Increase (decrease) in cash and cash equivalents	-6.17M
Cash and cash equivalents at beginning of period	73.54M
Cash and cash equivalents at end of period	67.37M

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