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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income $ 1,694 $ 194
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization expense 1,189 1,110
Deferred federal income taxes (60) (305)
Net realized (gains) losses (1,176) 119
Share-based payments expense 63 138
Change in ceded unearned premiums (519) (48)
Change in premiums receivable (5,651) (11,026)
Change in accounts receivable 280 329
Change in deferred policy acquisition costs (1,406) (1,989)
Change in unpaid losses and loss adjustment expenses 15,315 8,771
Change in unearned premiums 7,927 7,801
Change in reinsurance recoverable (5,637) (1,420)
Change in reinsurance balances payable (120) 1,022
Change in federal income tax payable (898) 238
Change in all other liabilities (6,249) (216)
Change in all other assets 1,073 95
Net cash provided by operating activities 5,825 4,813
Cash flows from investing activities:    
Purchases of property and equipment (154) (34)
Net transfers (into) from restricted cash (647) 1,675
Purchases of investment securities (44,190) (37,108)
Maturities, sales and redemptions of investment securities 45,471 29,045
Net cash provided by (used) in investing activities 480 (6,422)
Cash flows from financing activities:    
Activity under revolving credit facility, net 0 (2,500)
Distribution to non-controlling interest 0 (147)
Net cash used in financing activities 0 (2,647)
Increase (decrease) in cash and cash equivalents 6,305 (4,256)
Cash and cash equivalents at beginning of period 85,145 74,471
Cash and cash equivalents at end of period 91,450 70,215
Supplemental cash flow information:    
Interest paid 1,149 1,118
Income taxes paid 1,427 91
Supplemental schedule of non-cash investing activities:    
Change in receivable for securities related to investment disposals that settled after the balance sheet date (5,650) 2,169
Change in payable for securities related to investment purchases that settled after the balance sheet date $ 14,928 $ 10,142