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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities      
Net income (loss) $ 36,588 $ 31,919 $ (28,175)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Change in accounts receivable and unearned premium (16,488) (13,089) (27,227)
Change in accrued investment income 939 (50) (291)
Change in reinsurance recoverable on paid losses (1,618) 537 698
Change in losses and loss expenses reserves net of reinsurance (1,264) (2,289) 71,348
Change in other assets, other liabilities and current income taxes 29,892 29,850 18,430
Amortization of net policy acquisition costs 26,592 26,772 29,209
Net policy acquisition costs deferred (25,819) (25,285) (28,961)
Provision for deferred income taxes 939 4,299 (9,340)
Bond amortization 5,068 6,055 5,673
(Gain) loss on sale of property (27) 10 (36)
Depreciation 4,302 4,550 4,274
Net realized (gains) losses on investments (23,515) (9,011) 17,803
Compensation expense related to restricted stock 318 1,526 879
Net cash provided by operating activities 35,907 55,794 54,284
Investing activities      
Purchases of fixed maturities and equity securities (369,259) (320,434) (270,696)
Purchases of limited partnership interests (3,568) (2,154) 0
Distributions from limited partnerships 2,528 3,957 757
Proceeds from maturities 129,113 150,652 144,745
Proceeds from sales of fixed maturities 207,723 103,106 128,018
Proceeds from sales of equity securities 29,858 8,674 16,883
Net sales (purchases) of short-term investments (690) (529) 841
Decrease in principal of notes receivable from employees 0 1,252 106
Purchases of property and equipment (28,607) (4,054) (3,488)
Proceeds from disposals of property and equipment 261 228 129
Net cash provided by (used in) investing activities (32,641) (59,302) 17,295
Financing activities      
Dividends paid to shareholders (14,943) (14,886) (14,846)
Repayment on line of credit 0 0 (5,000)
Net cash used in financing activities (14,943) (14,886) (19,846)
Effect of foreign exchange rates on cash and cash equivalents (575) 217 (230)
Increase (decrease) in cash and cash equivalents (12,252) (18,177) 51,503
Cash and cash equivalents at beginning of period 71,549 89,726 38,223
Cash and cash equivalents at end of period $ 59,297 $ 71,549 $ 89,726