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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income (loss) $ 6,526 $ 21,863 $ 13,429
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation and amortization expense 3,894 3,516 3,224
Deferred federal income taxes 405 (1,030) (393)
Net realized gains 369 (2,503) (134)
Share-based payments expense (118) 383 222
Change in ceded unearned premiums (16,388) (11,718) (8,388)
Change in premiums receivable (6,339) (12,373) 154
Change in accounts receivable (264) 1,136 (759)
Change in deferred policy acquisition costs 1,173 380 1,840
Change in unpaid losses and loss adjustment expenses 30,689 35,743 32,495
Change in unearned premiums 24,847 19,581 11,523
Change in reinsurance recoverable (33,534) (4,568) (32,901)
Change in reinsurance balances payable 12,747 7,338 5,805
Change in current federal income tax (recoverable)/payable (2,172) (2,747) 249
Change in all other liabilities 3,586 (1,368) 7,998
Change in all other assets 5,433 (697) (680)
Net cash provided by operating activities 30,854 52,936 33,684
Cash flows from investing activities:      
Purchases of property and equipment, net (4,340) (3,608) (546)
Net transfers from restricted cash 1,195 3,392 276
Purchases of investment securities (241,374) (265,482) (188,749)
Maturities, sales and redemptions of investment securities 186,286 169,409 146,777
Net cash used in investing activities (58,233) (96,289) (42,242)
Cash flows from financing activities:      
Activity under revolving credit facility, net   30,000 (1,473)
Payment of debt issuance costs   (96)  
Payment of contingent consideration (1,784) (1,216)  
Proceeds from exercise of employee stock options 466 658 1,155
Purchase of treasury shares (6,117) (2,532) (1,805)
Net cash provided by (used in) financing activities (7,435) 26,814 (2,123)
Decrease in cash and cash equivalents (34,814) (16,539) (10,681)
Cash and cash equivalents at beginning of year 114,446 130,985 141,666
Cash and cash equivalents at end of year 79,632 114,446 130,985
Supplemental cash flow information:      
Interest paid 4,287 3,906 4,576
Income taxes paid 3,718 13,800 5,497
Supplemental schedule of non-cash activities:      
Change in receivable for securities related to investment disposals that settled after the balance sheet date 7,377 (9,492) 388
Change in payable for securities related to investment purchases that settled after the balance sheet date $ 13,118 $ (224) $ 1,115