Table of Contents CITIZENS, INC. CITIZENS, INC. AND CONSOLIDATED SUBSIDIARIES Consolidated Statements of Cash Flows SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES: During 2020, 2019 and 2018, various fixed maturity issuers exchanged securities with book values of $9.1 million, $16.8 million and $2.5 million, respectively, for securities of equal value. The Company recognized right-of-use assets of $12.0 million in exchange for new operating lease liabilities during 2020. The Company accrued purchases of property and equipment of $0.8 million as of December 31, 2020, which is reflected in other liabilities on the Consolidated Balance Sheets and recorded none as of December 31, 2019 and 2018. The Company also had $5.3 million of unsettled securities trades as of December 31, 2020 and none as of December 31, 2019 and 2018. See accompanying Notes to Consolidated Financial Statements. December 31, 2020 | 10-K 81 Years Ended December 31, (In thousands) 2020 2019 2018 Cash Flows from Financing Activities: Annuity deposits $ 7,532 6,717  7,265  Annuity withdrawals (5,759) (8,505) (7,323) Other (869) (377) —  Net cash provided by (used in) financing activities 904 (2,165) (58) Net increase (decrease) in cash and cash equivalents (12,074) 713  (572) Cash and cash equivalents at beginning of year 46,205 45,492  46,064  Cash and cash equivalents at end of year $ 34,131 46,205  45,492  Supplemental Disclosure of Operating Activities: Cash paid during the year for income taxes $ — 2,200  2,510 