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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income $ 20,387 $ 6,968
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 389 53
Net amortization of premiums on investments in fixed maturity securities 76 58
Depreciation and amortization 619 294
Deferred income tax benefits (1,178) (1,196)
Net realized investment gains (20) (21)
Foreign currency remeasurement loss 10  
Changes in operating assets and liabilities:    
Premiums and reinsurance receivable (6,483) (1,027)
Advance premiums 11,876 9,072
Prepaid reinsurance premiums (6,923) 11,075
Accrued interest and dividends receivable 103 93
Other assets (432) (810)
Assumed reinsurance balances payable (386)  
Deferred policy acquisition costs (1,790) 2,971
Losses and loss adjustment expenses 583 6,052
Unearned premiums (13,298) (17,802)
Income taxes payable 4,989 141
Accrued expenses and other liabilities 6,755 1,579
Net cash provided by operating activities 15,277 17,500
Cash flows from investing activities:    
Purchase of property and equipment, net (2,364) (296)
Purchase of other investments (52) (131)
Purchase of fixed-maturity securities (1,629) (4,336)
Purchase of equity securities (1,024) (2,877)
Proceeds from sales of fixed-maturity securities 1,037 1,222
Proceeds from calls repayments and maturities of fixed-maturity securities 1,237  
Proceeds from sales of equity securities 361 100
Increase in time deposits, net   (119)
Net cash used in investing activities (2,434) (6,437)
Cash flows from financing activities:    
Proceeds from the exercise of common stock warrants   195
Proceeds from the issuance of long-term debt 40,250  
Cash dividends paid (2,493) (1,174)
Debt issuance costs (1,502)  
Tax benefit from restricted stock dividends 22  
Excess tax benefit from common stock options exercised   437
Net cash provided by (used in) financing activities 36,277 (542)
Effect of exchange rate changes on cash (7)  
Net increase in cash and cash equivalents 49,113 10,521
Cash and cash equivalents at beginning of period 230,214 100,355
Cash and cash equivalents at end of period 279,327 110,876
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 8,950 5,030
Non-cash investing and financing activities:    
Unrealized gain on investments in available-for-sale securities, net of tax 165 770
Series A Preferred Stock
   
Conversion of Series A Preferred Stock to common stock $ 278 $ 1,823