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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 4,074 $ 5,343
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization expense 948 1,136
Deferred federal income taxes 280 (819)
Net realized (gains) losses 227 (584)
Share-based payments expense 139 371
Change in ceded unearned premiums (1,840) (1,747)
Change in premiums receivable (6,868) (11,121)
Change in accounts receivable (397) 1,302
Change in deferred policy acquisition costs (371) (384)
Change in unpaid losses and loss adjustment expenses (1,749) 7,470
Change in unearned premiums 5,139 5,425
Change in reinsurance recoverable (5,874) (579)
Change in reinsurance balances payable 4,188 3,528
Change in current federal income tax payable 1,451 2,445
Change in all other liabilities 277 (6,430)
Change in all other assets (935) (1,647)
Net cash (used in) provided by operating activities (1,311) 3,709
Cash flows from investing activities:    
Purchases of property and equipment (225) (456)
Net transfers (into) from restricted cash (211) 2,111
Purchases of investment securities (58,384) (26,735)
Maturities, sales and redemptions of investment securities 34,455 20,923
Net cash used in investing activities (24,365) (4,157)
Cash flows from financing activities:    
Proceeds from exercise of employee stock options   202
Purchase of treasury shares (1,293) (288)
Net cash used in financing activities (1,293) (86)
Decrease in cash and cash equivalents (26,969) (534)
Cash and cash equivalents at beginning of period 114,446 130,985
Cash and cash equivalents at end of period 87,477 130,451
Supplemental cash flow information:    
Interest paid 1,131 1,140
Income taxes paid 184 720
Supplemental schedule of non-cash investing activities:    
Change in receivable for securities related to investment disposals that settled after the balance sheet date 9,486 (359)
Change in payable for securities related to investment purchases that settled after the balance sheet date $ 1,813 $ 13,203