Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net (loss) income	$ (1,990)	$ 29,946
Adjustments to reconcile net (loss) income to net cash used for operating activities:
Investment amortization, net	1,774	777
Fixed Asset depreciation, net	1,606	1,207
Stock based compensation	1,744	1,723
(Credit) Provision for deferred income taxes	(5,927)	469
Net realized losses on investments	631	164
Net impairment losses on investments		220
Credit loss expense	2,510
Earnings from partnership investments	(1,339)	(835)
Change in net unrealized gains on equity investments	29,988	(11,801)
Changes in assets and liabilities:
Accounts receivable	3,698	1,408
Accrued investment income	(748)	(1,030)
Receivable from reinsurers	(1,685)	(16,992)
Ceded unearned premiums	4,991	437
Deferred policy acquisition costs	2,155	1,450
Taxes recoverable	1,003
Other assets	877	(3,849)
Loss and loss adjustment expense reserves	(1,873)	(2,957)
Unearned premium reserves	(13,928)	(4,991)
Taxes payable	543	2,196
Accounts payable and accrued liabilities	(18,748)	(17,357)
Payable to reinsurers	(10,465)	6,719
Other liabilities	(23,332)	5,084
Net cash used for operating activities	(28,515)	(8,012)
Cash flows from investing activities:
Fixed maturities purchased	(32,329)	(31,389)
Equity securities purchased	(12,095)	(5,169)
Other invested assets purchased	(3,389)	(1,750)
Proceeds from sales and paydowns of fixed maturities	33,433	33,587
Proceeds from maturities, redemptions, and calls of fixed maturities	28,909	7,260
Proceed from sales of equity securities	8,638	4,874
Proceeds from other invested assets redeemed	106
Fixed assets purchased	(2,977)	(1,127)
Net cash provided by investing activities	20,296	6,286
Cash flows from financing activities:
Debt	30,000
Dividends paid to shareholders	(14,229)	(12,964)
Acquisition of treasury stock	(10,392)
Net cash provided by (used for) financing activities	5,379	(12,964)
Net decrease in cash and cash equivalents	(2,840)	(14,690)
Cash and cash equivalents at beginning of year	44,407	37,582
Cash and cash equivalents at end of period	$ 41,567	$ 22,892