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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows From Operating Activities    
Net income $ 45,916 $ 22,894
Less net income (loss) from discontinued operations, net of taxes (1,912) 4,201
Adjustments to reconcile net income to net cash provided by operating activities    
Net accretion of bond premium 4,324 4,517
Depreciation and amortization 2,316 2,333
Stock-based compensation expense 2,718 2,254
Net realized investment (gains) losses 6,567 (3,330)
Net cash flows from equity and trading investments 21,839 (1,524)
Deferred income tax benefit (8,836) (2,833)
Changes in:    
Accrued investment income (1,875) (643)
Premiums receivable (51,729) (55,664)
Deferred policy acquisition costs (6,963) (8,041)
Reinsurance receivables 4,384 (4,431)
Prepaid reinsurance premiums (1,153) (184)
Income taxes receivable 6,031 6,300
Other assets (102) (484)
Losses and loss settlement expenses 16,664 56,582
Unearned premiums 52,341 58,542
Accrued expenses and other liabilities 9,383 14,460
Income taxes payable 5,539 0
Deferred income taxes (14,054) (2,308)
Other, net 1,253 2,927
Cash from operating activities - continuing operations 48,647 68,473
Cash from operating activities - discontinued operations 4,023 24,968
Cash from operating activities - gain on sale of discontinued operations (34,851) 0
Total adjustments 17,819 93,441
Net cash provided by operating activities 65,647 112,134
Cash Flows From Investing Activities    
Proceeds from sale of available-for-sale investments 23,994  
Proceeds from sale of available-for-sale investments   1,096
Proceeds from call and maturity of available-for-sale investments 60,651 76,183
Proceeds from short-term and other investments 5,816 3,185
Proceeds from the sale of discontinued operations 276,055 0
Purchase of available-for-sale investments (383,633) (112,472)
Purchase of mortgage loans (9,896) 0
Purchase of short-term and other investments (1,995) (2,852)
Net purchases and sales of property and equipment (13,012) (3,861)
Cash from investing activities - continuing operations (42,020) (38,721)
Cash from investing activities - discontinued operations 14,343 13,956
Net cash used in investing activities (27,677) (24,765)
Cash Flows From Financing Activities    
Payment of cash dividends (14,716) (13,380)
Repurchase of common stock (5,404) (21,184)
Issuance of common stock 5,794 2,207
Cash from financing activities - continuing operations (14,326) (32,357)
Cash from financing activities - discontinued operations (11,547) (35,444)
Net cash used in financing activities (25,873) (67,801)
Net Change in Cash and Cash Equivalents 12,097 19,568
Less: increase in cash and cash equivalents - discontinued operations (6,819) (3,480)
Net increase in cash and cash equivalents - continuing operations 5,278 16,088
Cash and Cash Equivalents at Beginning of Period - Continuing Operations 95,562 89,194
Cash and Cash Equivalents at End of Period - Continuing Operations $ 100,840 $ 105,282