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Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net income $ 11,389,000 $ 4,351,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 367,000 170,000
Accretion (Amortization) of Discounts and Premiums, Investments 166,000 227,000
Net realized (gains) losses (14,000) 12,000
Provision for uncollectible premiums/over and short 44,000 10,000
Deferred income taxes, net (1,369,000) (238,000)
Share-based Compensation 45,000 28,000
Changes in operating assets and liabilities:    
Accrued investment income (loss) 253,000 (108,000)
Premiums receivable 969,000 (2,284,000)
Reinsurance recoverable on paid and unpaid losses (150,000) (388,000)
Prepaid reinsurance premiums 27,126,000 25,836,000
Deferred policy acquisition costs, net 63,000 (1,502,000)
Other assets 363,000 (668,000)
Unpaid losses and loss adjustment expenses (264,000) 1,892,000
Unearned premiums (6,010,000) 17,870,000
Reinsurance payable (18,699,000) (25,394,000)
Other liabilities 2,855,000 12,379,000
Net cash provided by operating activities 17,134,000 32,193,000
INVESTING ACTIVITIES    
Proceeds from sales and maturities of investments available for sale 15,324,000 53,938,000
Purchases of investments available for sale (62,251,000) (95,182,000)
Cost of property and equipment acquired 869,000 60,000
Net cash used in investing activities (47,796,000) (41,304,000)
FINANCING ACTIVITIES    
Repayments of borrowings (294,000) (294,000)
Dividends (832,000) (485,000)
Proceeds from Issuance of Common Stock 54,046,000 3,591,000
Net cash provided by (used in) financing activities 52,920,000 2,812,000
Increase (decrease) in cash 22,258,000 (6,299,000)
Cash and cash equivalents at beginning of period 34,888,000 71,205,000
Cash and cash equivalents at end of period 57,146,000 64,906,000
Supplemental Cash Flows Information    
Interest paid 110,000 69,000
Income taxes paid $ 3,935,000 $ 1,028,000