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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating Activities    
Net income $ 9,561 $ 6,630
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 262 266
Net amortization of investments 2,517 1,332
Deferred income taxes 189 (1,273)
Net realized gains on investments (1,791) (103)
Share-based compensation 108 131
Changes in operating assets and liabilities:    
Premiums receivable, net (17,143) (10,682)
Accrued interest receivable (820) (1,084)
Deferred policy acquisition costs and deferred charges (1,365) (1,016)
Other assets and federal income tax recoverable 1,244 892
Reserves for loss and loss adjustment expenses 10,745 (62)
Unearned premiums 11,230 7,688
Reinsurance balances (4,502) 306
Amounts held for others and policyholder deposits 2,660 (150)
Accounts payable and other liabilities 5,184 (2,421)
Net cash provided by operating activities 18,079 454
Investing Activities    
Purchases of investments held-to-maturity (42,941) (25,660)
Purchases of investments available-for-sale (15,212) (21,390)
Purchases of short-term investments (15,215) (24,500)
Proceeds from maturities of investments held-to-maturity 38,138 29,588
Proceeds from sales and maturities of investments available-for-sale 23,233 1,023
Proceeds from sales and maturities of short-term investments 12,247 33,091
Purchases of property and equipment (90) (48)
Net cash provided by/(used in) investing activities 160 (7,896)
Financing Activities    
Proceeds from stock option exercises   1,156
Tax benefit from share-based payments   381
Treasury shares purchased   (2,859)
Net cash used in financing activities   (1,322)
Change in cash and cash equivalents 18,239 (8,764)
Cash and cash equivalents at beginning of period 45,536 60,966
Cash and cash equivalents at end of period $ 63,775 $ 52,202