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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Cash Flows From Operating Activities      
Net income (loss) $ (1,798) $ (2,028) $ (6,409)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization of property and equipment, and intangibles 100 92  
Amortization of bond premium and discount, net 175 148  
Net realized losses on investments 8 8  
Incentive awards expenses - vesting of RSU 243 204  
Other 104 (87)  
(Increase) decrease in:      
Premiums and agents' balances receivable 1,616 (1,426)  
Reinsurance recoverables (2,688) 990  
Ceded unearned premiums 314 (505)  
Deferred policy acquisition costs 334 (119)  
Other assets (1,037) (411)  
Increase (decrease) in:      
Unpaid losses and loss adjustment expenses 7,484 3,066  
Unearned premiums (1,790) 1,847  
Reinsurance premiums payable 0 300  
Accounts payable and accrued expenses 880 1,010  
Other liabilities (19) (113)  
Net cash provided by operating activities 3,926 2,976  
Purchase of investments:      
Fixed maturity securities (10,456) (5,979)  
Equity securities (369) (434)  
Short-term investments (40,382) (11,842)  
Proceeds from maturities of investments:      
Fixed maturity securities 2,250 2,505  
Proceeds from sales of investments:      
Fixed maturity securities 6,804 2,157  
Equity securities 361 418  
Short-term investments 36,203 13,091  
Purchases of property and equipment (9) (21)  
Net cash used in investing activities (5,598) (105)  
Cash Flows From Financing Activities      
Repurchase of common stock 0 (231)  
Borrowings under debt arrangements 0 1,000  
Repayment of borrowings under debt arrangements (625) (500)  
Net cash (used in) provided by financing activities (625) 269  
Net (decrease) increase in cash (2,297) 3,140  
Cash at beginning of period 12,493 12,703 15,843
Cash at end of period 10,196 15,843 $ 12,493
Supplemental Disclosure of Cash Flow Information:      
Interest paid 128 98  
Payable for securities - non cash item $ (444) $ 0