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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flow from operating activities:    
Net income (loss) $ 16,065 $ 6,116
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net realized and unrealized investment (gains) losses 844 (2,543)
Amortization of investment premium or discount, net 1,034 2,145
Depreciation and amortization 682 275
Share-based compensation 1,363 1,412
Tax impact related to share-based compensation (97) (50)
Changes in operating assets and liabilities:    
Prepaid reinsurance premiums 34,385 36,343
Premiums receivable, net 3,361 (4,568)
Reinsurance recoverable, net (83,686) 10,609
Deferred acquisition costs (2,027) (3,263)
Income taxes, net 3,300 5,239
Deferred revenue 60 136
Loss and loss adjustment expense reserves 61,160 (2,303)
Unearned premiums 7,872 16,202
Reinsurance payable (7,724) (9,372)
Other 4,444 620
Net cash provided by (used in) operating activities 41,036 56,998
Cash flow from investing activities:    
Proceeds from sales of equity securities 6,092 16,426
Proceeds from sales of debt securities 128,722 125,594
Purchases of equity securities (6,831) (29,587)
Purchases of debt securities (212,654) (153,355)
Maturities and redemptions of debt securities 70,444 19,409
Purchases of property and equipment (277) (369)
Net cash provided by (used in) investing activities (14,504) (21,882)
Cash flow from financing activities:    
Payment of long-term debt (5,000) 0
Purchase of non-controlling interest (16,685) 0
Purchases of FedNat Holding Company common stock (5,061) (8,088)
Issuance of common stock for share-based awards 16 0
Dividends paid (2,106) (2,092)
Net cash provided by (used in) financing activities (28,836) (10,180)
Net increase (decrease) in cash and cash equivalents (2,304) 24,936
Cash and cash equivalents at beginning-of-period 86,228 74,593
Cash and cash equivalents at end-of-period 83,924 99,529
Cash paid (received) during the period for income taxes    
Cash paid (received) during the period for income taxes $ 2,405 $ (414)