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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net loss $ (1,096) $ (1,581)
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of discount on Series B Preferred Shares 276 263
Net deferred income taxes (483) (209)
Stock compensation expense 19 30
Depreciation expense 55 49
Changes in operating assets and liabilities:    
Premiums receivable 703 293
Reinsurance recoverable on paid losses and loss reserves (21,231) (7,866)
Amounts held on deposit with reinsured companies 500 725
Ceded unearned premiums 1,011 (1,646)
Deferred policy acquisition costs, net (1,803) (339)
Loss and loss adjustment expense reserves 15,120 6,504
Premiums collected in advance 759 819
Unearned premium reserves 6,349 2,902
Ceded reinsurance premiums payable 557 2,333
Current income taxes recoverable 563 (606)
Other, net 2,533 (12)
Net cash provided by operating activities 3,832 1,659
Investing activities:    
Purchases of furniture and equipment (18) (81)
Purchases of fixed income securities (18,459) (7,424)
Purchase of equity investments (682) (1,000)
Purchase of other investments (440) (139)
Net purchases of short-term investments (1,583) (784)
Net cash used in investing activities (21,182) (9,428)
Financing activities:    
Payment of dividends on preferred shares (240) (240)
Proceeds from sale of common stock 224
Purchases of treasury stock (1,022)
Net cash used in financing activities (16) (1,262)
Net decrease in cash and cash equivalents (17,366) (9,031)
Cash and cash equivalents at beginning of period 43,045 47,957
Cash and cash equivalents at end of period 25,679 38,926
Cash paid during the period for:    
Income taxes $ 35 $ 293