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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES    
Net Income (loss) $ (16,856) $ 16,215
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 24,206 8,640
Bond amortization and accretion 3,663 2,621
Net realized gains (losses) 554 (478)
Provision for uncollectable premiums/over and short 205 57
Deferred income taxes, net 380 1,575
Stock based compensation 1,931 1,429
Changes in operating assets and liabilities:    
Accrued investment income (183) 155
Premiums receivable 98 2,260
Reinsurance recoverable on paid and unpaid losses (445,090) (11,097)
Prepaid reinsurance premiums (130,013) (55,890)
Deferred policy acquisition costs, net (35,841) (18,164)
Other assets (12,354) (2,301)
Unpaid losses and loss adjustment expenses 480,777 20,901
Unearned premiums 76,758 56,446
Reinsurance payable 119,471 59,036
Other liabilities 16,631 7,914
Net cash provided by operating activities 84,337 89,319
INVESTING ACTIVITIES    
Proceeds from sales and maturities of investments available for sale 106,150 147,266
Purchases of investments available for sale (136,319) (146,535)
Cash from acquisition 95,284 0
Purchase of subsidiary, net of cash acquired 0 (32,840)
Cost of property, equipment and capitalized software acquired (4,243) (2,726)
Net cash provided by (used in) investing activities 60,872 (34,835)
FINANCING ACTIVITIES    
Tax withholding payment related to net settlement of equity awards 0 (270)
Proceeds from borrowings 0 5,200
Repayments of borrowings (1,142) (969)
Payments of Dividends (6,426) (3,675)
Proceeds from (Repayments of) Bank Overdrafts (8,061) 0
Net Cash Provided by (Used in) Financing Activities (15,629) 286
Increase in cash 129,580 54,770
Cash and cash equivalents at beginning of period 150,688 84,786
Cash and cash equivalents at end of period 280,268 139,556
Supplemental Cash Flows Information    
Interest paid 2,001 201
Income taxes paid 4,206 7,199
Stock Issued $ 274,384 $ 0