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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities      
Net income $ 51,023 $ 49,904 $ 89,126
Less net income from discontinued operations, net of taxes 6,153 786 3,806
Adjustments to reconcile net income to net cash provided by operating activities      
Net accretion of bond premium 8,872 7,049 5,420
Depreciation and amortization 4,574 6,035 6,473
Stock-based compensation expense 4,808 3,696 2,510
Net realized investment gains (4,055) (4,947) (1,124)
Net cash flows from trading investments (1,909) (2,390) 3,080
Deferred income tax expense (benefit) (5,921) 3,331 (5,574)
Changes in:      
Accrued investment income (224) (874) (363)
Premiums receivable (22,311) (29,685) (27,487)
Deferred policy acquisition costs 5,260 (2,815) (17,686)
Reinsurance receivables (487) 4,206 12,609
Prepaid reinsurance premiums 33 8 (158)
Income taxes receivable 8,254 (14,285) 0
Other assets (2,465) 758 (1,097)
Losses, claims and loss settlement expenses 100,287 120,001 34,458
Unearned premiums 21,589 28,830 36,336
Accrued expenses and other liabilities (423) (7,605) 16,470
Income taxes payable 0 (5,365) 66
Deferred income taxes (25,883) 1,495 (858)
Other, net 3,378 (9,943) (2,914)
Cash from operating activities - continuing operations 93,377 97,500 60,161
Cash from operating activities - discontinued operations 31,847 67,766 44,518
Total adjustments 125,224 165,266 104,679
Net cash provided by operating activities 170,094 214,384 189,999
Cash Flows From Investing Activities      
Proceeds from sale of available-for-sale investments 7,404 1,968 478
Proceeds from call and maturity of held-to-maturity investments 150 493 105
Proceeds from call and maturity of available-for-sale investments 191,521 323,653 247,692
Proceeds from short-term and other investments 6,032 1,947 3,881
Purchase of held-to-maturity investments (150) (42) (450)
Purchase of available-for-sale investments (260,957) (443,953) (355,192)
Purchase of short-term and other investments (6,428) (4,155) (5,103)
Net purchases and sales of property and equipment (17,158) (7,600) (9,696)
Cash from investing activities - continuing operations (79,586) (127,689) (118,285)
Cash from investing activities - discontinued operations 17,601 15,286 81,999
Net cash used in investing activities (61,985) (112,403) (36,286)
Cash Flows From Financing Activities      
Payment of cash dividends (27,337) (24,591) (21,658)
Dividends from discontinued operations 0 0 15,000
Repurchase of common stock (29,784) (3,746) (2,423)
Issuance of common stock 4,828 9,922 5,496
Tax impact from issuance of common stock 0 (816) (833)
Cash from financing activities - continued operations (52,293) (19,231) (4,418)
Cash from financing activities - discontinued operations (55,256) (78,346) (133,419)
Net cash used in financing activities (107,549) (97,577) (137,837)
Net Change in Cash and Cash Equivalents 560 4,404 15,876
Less: decrease (increase) in cash and cash equivalents - discontinued operations 5,808 (4,706) 6,902
Net increase (decrease) in cash and cash equivalents - continuing operations 6,368 (302) 22,778
Cash and Cash Equivalents at Beginning of Year - Continuing Operations 89,194 89,496 66,718
Cash and Cash Equivalents at End of Year - Continuing Operations $ 95,562 $ 89,194 $ 89,496