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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (2,506) $ (1,517)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Change in receivables, unearned premiums, and prepaid reinsurance 4,091 (4,046)
Change in losses and loss adjustment expense reserves (3,343) 9,530
Change in accounts payable and accrued expenses (954) (1,980)
Change in current income taxes 470 (1,877)
Deferred income taxes (241) (186)
Change in deferred acquisition costs 914 549
Change in accrual and amortization of investment income 561 589
Amortization and depreciation 320 313
ESOP share allocation 411 340
Amortization of stock-based compensation 321 81
Realized investment gains, net (852) (1,666)
Other, net (146) (80)
Net cash (used in) provided by operating activities (954) 50
Cash flows from investing activities:    
Available-for-sale investments: Purchases of fixed maturity securities (23,197) (39,221)
Available-for-sale investments: Purchases of equity securities (389) (11,084)
Available-for-sale investments: Sales of fixed maturity securities 21,407 29,602
Available-for-sale investments: Maturities of fixed maturity securities 1,500 12,900
Proceeds from disposition of corporate owned life insurance policies 0 2,682
Purchases of property and equipment, net (145) (63)
Net cash used in investing activities (824) (5,184)
Cash flows from financing activities:    
Purchase of treasury stock 0 (4,155)
Net cash used in financing activities 0 (4,155)
Net decrease in cash (1,778) (9,289)
Cash and cash equivalents at beginning of period 6,510 20,220
Cash and cash equivalents at end of period $ 4,732 $ 10,931