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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net Income (loss) $ 23,069 $ 11,156
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 12,931 13,613
Bond amortization and accretion 2,639 2,320
Net realized gains (losses) 227 483
Unrealized Gain (Loss) on Investments 1,063 0
Provision for uncollectable premiums/over and short (61) 144
Deferred income taxes, net 1,624 1,323
Stock based compensation 1,048 1,294
Changes in operating assets and liabilities:    
Accrued investment income (604) (96)
Premiums receivable (41,558) (23,224)
Reinsurance recoverable on paid and unpaid losses 26,123 (25,566)
Prepaid reinsurance premiums (193,915) (209,048)
Deferred policy acquisition costs, net (5,719) (29,392)
Other assets (882) 4,963
Unpaid losses and loss adjustment expenses (49,801) 3,310
Unearned premiums 95,688 77,540
Reinsurance payable 225,382 209,714
Payments outstanding 1,657 (37)
Accounts Payable 9,475 11,926
Other liabilities (29,799) 7,963
Net cash provided by operating activities 78,587 58,386
INVESTING ACTIVITIES    
Proceeds from sales and maturities of investments available for sale 116,116 81,998
Purchases of investments available for sale (220,809) (108,376)
Cash from acquisition   95,284
Cost of property, equipment and capitalized software acquired (2,014) (3,797)
Net cash provided by (used in) investing activities (106,707) 65,109
FINANCING ACTIVITIES    
Payments of Debt Issuance Costs (62) 0
Repayments of borrowings (762) (468)
Payments of Dividends (5,130) (3,862)
Proceeds from (Repayments of) Bank Overdrafts 0 (15,682)
Net Cash Provided by (Used in) Financing Activities (5,954) (20,012)
Cash, Cash Equivalents, Restricted Cash Increase (decrease) (34,074) 103,483
Cash, Cash Equivalents, Restricted Cash at beginning of period 276,275 150,688
Cash, Cash Equivalents, Restricted Cash at end of period 242,201 254,171
Supplemental Cash Flows Information    
Interest paid 4,948 1,292
Income taxes paid 4,565 3,917
Stock Issued $ 0 $ 274,384