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Condensed Consolidated Statements of Cash Flows(Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Successor
Mar. 19, 2012
Predecessor
Jun. 30, 2011
Predecessor
Cash flows from operating activities:      
Net income (loss) $ (7,701) $ (3,433) $ (3,259)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities before reorganization activities:      
Amortization of bond premium or discount 756 523 1,299
Net realized gain on sale of investments (271) (176) (1,186)
Unrealized (gain) loss on trading securities (273) (1,049) 753
Changes in assets and liabilities:      
Accrued investment income (337) 309 581
Other assets 1,515 (597) 1,219
Change in cash held in trust 3,478 7,209 (5,510)
Losses and loss adjustment reserves (8,352) (1,109) (33,988)
Losses payable (3,893) 1,662 (3,499)
Unearned premiums (52) (47) (118)
Accrued ceding commission expense (339) 137 (230)
Accrued interest on notes payable 1,445    
Other liabilities 67 414 1,023
Total Adjustments (6,256) 7,276 39,656
Net cash provided by (used in) operating activities (13,957) 3,843 (42,915)
Cash flows from investing activities:      
Purchase of investments (79,303) (38,506) (60,546)
Proceeds from sales and maturities of investments 40,743 34,035 107,527
Net cash provided by (used in) investing activities (38,560) (4,471) 46,981
Cash flows from financing activities:      
Cash from (used in) reorganization activities:   75,000  
Notes payable issued 3,380    
Net cash provided by (used in) financing activities 3,380 75,000  
Increase (decrease) in cash and cash equivalents (49,137) 74,372 4,066
Cash and cash equivalents, beginning of period 82,014 7,642 [1] 1,938
Cash and cash equivalents, end of year $ 32,877 $ 82,014 $ 6,004
[1] (1) The Balance Sheet at December 31, 2011 is derived from the audited financial statements of the Predecessor.