Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net income	$ 15,422	$ (924)
Adjustments to reconcile net income to net cash (used in) provided by operating activities
Depreciation and amortization expense	3,801	3,467
Deferred federal income taxes	445	(1,903)
Investment gains, net	(2,678)	(691)
Share-based payments expense	37	97
Change in ceded unearned premiums	(23,244)	(22,488)
Change in premiums receivable	(6,993)	(11,943)
Change in accounts receivable	49	335
Change in deferred policy acquisition costs	2,852	(52)
Change in unpaid losses and loss adjustment expenses	3,716	49,932
Change in unearned premiums	20,747	38,233
Change in reinsurance recoverable	(43,004)	(34,140)
Change in reinsurance balances payable	3,343	10,535
Change in current federal income tax recoverable/payable	7,676	1,918
Change in all other liabilities	(4,429)	(1,495)
Change in all other assets	3,277	3,448
Net cash (used in) provided by operating activities	(18,983)	34,329
Cash flows from investing activities:
Purchases of property and equipment	(1,530)	(1,576)
Purchases of investment securities	(160,147)	(196,976)
Maturities, sales and redemptions of investment securities	177,693	175,527
Net cash provided by (used in) investing activities	16,016	(23,025)
Cash flows from financing activities:
Proceeds from exercise of employee stock options	242	158
Purchase of treasury shares	(1,464)	(5,308)
Net cash used in financing activities	(1,222)	(5,150)
(Decrease) increase in cash and cash equivalents and restricted cash	(4,189)	6,154
Cash, cash equivalents and restricted cash at beginning of period	67,633	86,959
Cash, cash equivalents and restricted cash at end of period	$ 63,444	$ 93,113