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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net (loss) income $ (3,535) $ 77,959
Adjustments to reconcile net (loss) income to net cash (used in) operating activities:    
Amortization of premium or discount on fixed maturity securities 76 173
Net realized loss (gain) on sale of investments 27 (1)
Unrealized gain on trading securities (23) (167)
Unrealized loss (gain) on change in fair value of derivative embedded conversion feature 7,353 (78,830)
Equity-based compensation 313 309
Changes in assets and liabilities:    
Accrued investment income 19  
Other assets 19 (15)
Cash equivalents held in trust (5,327) 868
Restricted cash (2,111) (1,564)
Losses and loss adjustment reserves (123) (2,870)
Losses payable (53) (272)
Unearned premiums (235) (416)
Accrued ceding commission expense (9) (7)
Accrued interest on notes payable (5) (14)
Loss contract reserve (5,435) (1,797)
Other liabilities (533) (482)
Total adjustments (6,047) (85,085)
Net cash used in operating activities (9,582) (7,126)
Cash flows from investing activities:    
Purchase of investments (19,974) (69,766)
Proceeds from sales and maturities of investments 72,663 80,777
Net cash provided by investing activities 52,689 11,011
Cash flows from financing activities:    
Redeemable convertible series B preferred stock dividends (9,000) (9,000)
Notes payable – principal repayments (548) (1,293)
Net cash used in financing activities (9,548) (10,293)
Increase (decrease) in cash and cash equivalents 33,559 (6,408)
Cash and cash equivalents, beginning of period 2,491 [1] 9,924
Cash and cash equivalents, end of period 36,050 3,516
Supplementary disclosure of cash flow information:    
Cash paid during the period, Interest $ 1,214 $ 1,372
[1] Balances derived from audited financial statements as of December 31, 2016.