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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 4,817 $ 2,065
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization expense 3,691 3,603
Deferred federal income taxes (268) (2,241)
Net realized gains (9,723) (1,854)
Share-based payments expense 245 317
Change in ceded unearned premiums (9,320) (2,524)
Change in premiums receivable (11,066) (15,669)
Change in accounts receivable (99) 586
Change in deferred policy acquisition costs (2,032) (3,854)
Change in unpaid losses and loss adjustment expenses 46,832 18,662
Change in unearned premiums 28,865 21,690
Change in reinsurance recoverable (9,223) (7,375)
Change in reinsurance balances payable 4,532 2,837
Change in current federal income tax (payable) recoverable (443) 6,915
Change in all other liabilities (6,777) (1,180)
Change in all other assets 13,489 6,209
Net cash provided by operating activities 53,520 28,187
Cash flows from investing activities:    
Purchases of property and equipment (920) (366)
Net transfers from restricted cash 7 1,126
Purchases of investment securities (139,791) (103,434)
Maturities, sales and redemptions of investment securities 153,737 110,772
Net cash provided by investing activities 13,033 8,098
Cash flows from financing activities:    
Activity under revolving credit facility, net   (2,577)
Payment of contingent consideration   (350)
Distribution to non-controlling interest   (147)
Net cash used in financing activities   (3,074)
Increase in cash and cash equivalents 66,553 33,211
Cash and cash equivalents at beginning of period 85,145 74,471
Cash and cash equivalents at end of period 151,698 107,682
Supplemental cash flow information:    
Interest paid 3,439 3,464
Income taxes paid (recovered) 2,212 (5,951)
Supplemental schedule of non-cash investing activities:    
Change in receivable for securities related to investment disposals that settled after the balance sheet date 16 (1,566)
Change in payable for securities related to investment purchases that settled after the balance sheet date $ 6,380 $ 6,546