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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities      
Net income $ 24,125 $ 34,606 $ 47,563
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,015 1,028 1,164
Net amortization/accretion of investments 6,660 4,989 4,013
Deferred income taxes (1,555) (2,123) 5,842
Net realized gains on investments (2,228) (2,449) (2,033)
Loss/(gain) on sale of asset 32 (16) 24
Share-based compensation 471 2,325 1,364
Changes in operating assets and liabilities:      
Premiums receivable 1,395 28,952 4,997
Accrued interest receivable (1,816) (539) 82
Deferred policy acquisition costs and deferred charges (1,539) 821 2,512
Other assets (2,008) (9,268) (7,979)
Reserve for loss and loss adjustment expenses 6,010 (2,451) 3,362
Unearned premiums 7,205 (11,006) (14,600)
Reinsurance balances 140 (13,248) (14,116)
Amounts held for others and policyholder deposits 5,355 6,082 4,954
Accounts payable and other liabilities 447 7,141 (9,851)
Net cash provided by operating activities 43,709 44,844 27,298
Investing activities      
Purchases of investments held-to-maturity (86,669) (68,095) (105,928)
Purchases of investments available-for-sale (120,637) (36,936)  
Purchases of short-term investments (87,460) (89,427) (80,478)
Proceeds from sale of investments held-to-maturity     1,240
Proceeds from maturities of investments held-to-maturity 97,863 66,021 114,099
Proceeds from sales and maturities of investments available-for-sale 36,329 30,157 12,229
Proceeds from sales and maturities of short-term investments 118,759 64,813 26,035
Purchases of property and equipment (1,128) (3,206) (1,017)
Proceeds from sales of property and equipment   16 3
Net cash used in investing activities (42,943) (36,657) (33,817)
Financing activities      
Proceeds from stock option exercise 3,339 1,455 295
Tax benefit from share-based payments 1,043 238 46
Purchase of treasury stock common (10,268) (12,102)  
Redemption of Subordinate Debt Security (10,310)    
Net cash used in financing activities (16,196) (10,409) (25,534)
Change in cash and cash equivalents (15,430) (2,222) (32,053)
Cash and cash equivalents at beginning of year 60,966 63,188 95,241
Cash and cash equivalents at end of year 45,536 60,966 63,188
Supplemental disclosure of cash flow information      
Interest paid 1,412 1,547 1,931
Income taxes paid 1,000 6,256 18,817
Series C Preferred Stock [Member]
     
Financing activities      
Redemption of preferred stock     (5,175)
Series D Preferred Stock [Member]
     
Financing activities      
Redemption of preferred stock     $ (20,700)