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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net loss $ (1,606) $ (11,278)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization expense 2,360 2,463
Deferred federal income taxes (2,201) (1,005)
Net realized gains (872) (2,783)
Shared-based payments expense 253 489
Change in ceded unearned premiums (2,222) 5,242
Change in premiums receivable (17,164) (10,107)
Change in accounts receivable 451 1,031
Change in deferred policy acquisition costs (2,927) (2,289)
Change in unpaid losses and loss adjustment expenses 17,164 27,217
Change in unearned premiums 16,864 7,240
Change in unearned revenue 8 (23)
Change in accrued agent profit sharing (30) (24)
Change in reinsurance recoverable (5,074) (3,221)
Change in reinsurance payable 3,050 2,371
Change in current federal income tax recoverable 5,619 (9,045)
Change in accrued ceding commission payable 129 (1)
Change in all other liabilities 372 1,009
Change in all other assets 3,048 3,712
Net cash provided by operating activities 17,222 10,998
Cash flows from investing activities:    
Purchases of property and equipment (183) (1,162)
Net transfers into restricted cash (1,421) (1,069)
Payment for acquisition of subsidiaries 0 (14,000)
Purchases of investment securities (76,102) (166,834)
Maturities, sales and redemptions of investment securities 64,890 167,410
Net cash used in investing activities (12,816) (15,655)
Cash flows from financing activities:    
Proceeds from exercise of employee stock options 0 99
Purchase of treasury shares 0 (4,911)
Activity under revolving credit facility (2,500) 0
Distribution to non-controlling interest (147) (165)
Net cash used in financing activities (2,647) (4,977)
Increase (decrease) in cash and cash equivalents 1,759 (9,634)
Cash and cash equivalents at beginning of period 74,471 60,519
Cash and cash equivalents at end of period 76,230 50,885
Supplemental cash flow information:    
Interest paid 2,313 2,309
Income taxes (recovered) paid (6,045) 400
Supplemental schedule of non-cash investing activities:    
Change in receivable for securities related to investment disposals that settled after the balance sheet date (283) 1,742
Change in payable for securities related to investment purchases that settled after the balance sheet date $ 6,216 $ 5,864