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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Cash Flows from Operating Activities      
Net income (loss) $ (21,542) $ (8,437) $ (17)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 372 401 398
Amortization of bond premium and discount, net 532 589 629
Net realized investment gains (70) (1,365) (285)
Other (gains) losses 0 400 (104)
Restricted stock unit expenses 895 856 303
Other (484) (277) (53)
Changes in operating assets and liabilities:      
Premiums, agents' balances and other receivables 2,249 (6,487) (3,765)
Reinsurance recoverables (17,041) (454) (1,905)
Prepaid reinsurance premiums 3,039 (637) 6,027
Deferred policy acquisition costs 509 (1,188) (6,423)
Other assets 4,239 (7,139) (904)
Unpaid losses and loss adjustment expenses 33,245 19,229 3,891
Unearned premiums (454) 10,210 4,535
Reinsurance premiums payable 3,299 (1,069) (6,000)
Accounts payable and other liabilities 302 1,534 537
Net cash provided by (used in) operating activities 9,090 6,166 (3,136)
Cash Flows From Investing Activities      
Purchases of investments (218,492) (166,965) (118,620)
Proceeds from maturities and redemptions of investments 25,213 13,730 1,400
Proceeds from sales of investments 167,338 142,679 103,416
Purchases of property and equipment (13) (195) (167)
Deconsolidation of affiliate 0 0 (1,323)
Net cash used in investing activities (25,954) (10,751) (15,294)
Cash Flows From Financing Activities      
Proceeds received from issuance of shares of common stock 5,000 0 36,066
Repurchase of common stock 0 (625) 0
Repurchase of preferred stock 0 0 (6,275)
Borrowings under debt arrangements 32,000 7,000 4,400
Repayment of borrowings under debt arrangements (19,750) (2,000) (19,212)
Dividends paid to preferred shareholders 0 0 (384)
Payout of contingent consideration 0 0 (113)
Stock and debt issuance costs (1,011) 0 (1,837)
Net cash provided by financing activities 16,239 4,375 12,645
Net increase (decrease) in cash (625) (210) (5,785)
Cash at beginning of period 12,493 12,703 18,488
Cash at end of period 11,868 12,493 12,703
Supplemental Disclosure of Cash Flow Information:      
Interest paid 876 641 844
Net income taxes paid 0 0 0
Paid-in-kind dividends 0 0 61
Payable for securities - non cash item $ 2,691 $ 486 $ 20