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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ 5,737 $ 636
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Depreciation and amortization expense 2,479 2,256
Deferred federal income taxes (988) (2,174)
Investment losses, net 4,302 1,419
Share-based payments expense 1 46
Change in ceded unearned premiums (15,181) (11,156)
Change in premiums receivable (7,815) (18,091)
Change in accounts receivable (538) 513
Change in deferred policy acquisition costs 1,944 (142)
Change in unpaid losses and loss adjustment expenses (6,548) 23,791
Change in unearned premiums 13,535 20,639
Change in reinsurance recoverable (32,117) (16,613)
Change in reinsurance balances payable 13,072 7,690
Change in current federal income tax recoverable/payable 7,719 2,154
Change in all other liabilities 2,899 (745)
Change in all other assets 1,604 2,161
Net cash (used in) provided by operating activities (9,895) 12,384
Cash flows from investing activities:    
Purchases of property and equipment (1,118) (1,231)
Purchases of investment securities (97,610) (124,366)
Maturities, sales and redemptions of investment securities 124,873 111,440
Net cash provided by (used in) investing activities 26,145 (14,157)
Cash flows from financing activities:    
Proceeds from exercise of employee stock options 242 145
Purchase of treasury shares (1,464) (4,425)
Net cash used in financing activities (1,222) (4,280)
Increase (decrease) in cash and cash equivalents and restricted cash 15,028 (6,053)
Cash, cash equivalents and restricted cash at beginning of period 67,633 86,959
Cash, cash equivalents and restricted cash at end of period $ 82,661 $ 80,906