XML 25 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income (loss) $ 6,022 $ (9,136)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation and amortization 1,593 1,606
Stock-based compensation 194 507
Other-than-temporary impairment on investment securities 61 23
Net realized (gains) losses on sales and redemptions of investments (25) (3,243)
Investment income from limited partnership interests (128)  
Other 174 341
Change in:    
Premiums and fees receivable (4,624) (6,807)
Loss and loss adjustment expense reserves 5,557 7,348
Unearned premiums and fees 5,664 8,014
Other 109 (808)
Net cash provided by (used in) operating activities 14,597 (2,155)
Cash flows from investing activities:    
Purchases of investments, available-for-sale (17,612) (3,836)
Purchases of limited partnership interests (6,316)  
Maturities and redemptions of investments, available-for-sale 16,506 25,864
Sales of investments, available-for-sale   26,343
Net change in receivable for securities   (29,613)
Capital expenditures (795) (3,330)
Other (2)  
Net cash provided by (used in) investing activities (8,219) 15,428
Cash flows from financing activities:    
Payments on borrowings   (38)
Net proceeds from issuance of common stock 24 27
Net cash provided by (used in) financing activities 24 (11)
Net change in cash and cash equivalents 6,402 13,262
Cash and cash equivalents, beginning of period 59,104 23,751
Cash and cash equivalents, end of period $ 65,506 $ 37,013