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Consolidate Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net income (loss) $ (2,149) $ 2,319
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Issuance of Preferred Shares, Performance Shares, and Warrants pursuant to MSA termination transaction 3,321  
Amortization of Preferred Shares issued pursuant to MSA termination transaction 109  
Net deferred income taxes (369) $ 155
Stock compensation expense 22 $ 108
Depreciation expense 26  
Changes in operating assets and liabilities:    
Premiums receivable (102) $ 2,152
Ceded unearned premiums (855) (488)
Deferred policy acquisition costs (326) (685)
Loss and loss adjustment expense reserves (net of reinsurance recoverable) 502 79
Premiums collected in advance 1,048 818
Due to related party (145) (2,431)
Unearned premium reserves 2,494 3,389
Ceded reinsurance premiums payable 883 2,528
Current income taxes payable (1,370) 462
Other, net 618 725
Net cash provided by operating activities 3,707 $ 9,131
Investing activities:    
Purchase of furniture and equipment (6)  
Acquisition of entity, net of cash acquired (305)  
Purchase of fixed income securities (5,696) $ (5,505)
Net proceeds from (purchases of) short-term investments 1,586 $ (103)
Purchase of other investments (159)  
Net cash used by investing activities $ (4,580) $ (5,608)
Financing activities:    
Proceeds from issuance of preferred stock, net   2,000
Proceeds from issuance of common stock, net   $ 36,369
Purchases of treasury stock $ (233)  
Net cash provided by financing activities (233) $ 38,369
Net increase in cash and cash equivalents (1,106) 41,892
Cash and cash equivalents at beginning of period 53,639 15,007
Cash and cash equivalents at end of period 52,533 56,899
Cash paid during the period for:    
Income taxes $ 710 424
Non-cash financing activities:    
Issuance of common shares upon conversion of preferred shares   $ 2,000