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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net income $ 46,231 $ 77,865 $ 70,462
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 984 1,181 1,348
Net amortization of investments 14,015 16,247 16,424
Deferred income taxes 12,800 (2,249) 1,446
Net realized losses on investments 647 509 2,494
Net realized losses on disposal of assets 2 1 664
Share-based compensation 2,018 1,603 1,223
Changes in operating assets and liabilities:      
Premiums receivable, net 8,771 2,359 (6,447)
Accrued interest receivable 725 325 (48)
Deferred policy acquisition costs (951) 1,112 (763)
Amounts held by others 27,848 1,016 (27,847)
Other assets (1,882) 1,631 (1,042)
Reserves for loss and loss adjustment expenses 29,069 24,743 30,431
Unearned premiums (4,758) (5,955) (593)
Reinsurance balances (6,495) 7,285 (5,878)
Amounts held for others and policyholder deposits 4,168 (17,066) 6,621
Accounts payable and other liabilities (2,382) 3,605 4,364
Net cash provided by operating activities 130,810 114,212 92,859
Investing activities      
Purchases of investments held-to-maturity (222,104) (102,830) (178,010)
Purchases of investments available-for-sale (117,020) (216,466) (135,915)
Purchases of short-term investments (62,687) (35,295) (12,246)
Proceeds from maturities of investments held-to-maturity 152,995 177,159 160,834
Proceeds from sales and maturities of investments available-for-sale 112,180 115,552 78,637
Proceeds from sales and maturities of short-term investments 72,400 13,040 37,833
Proceeds from redemptions of other investments 13,172    
Purchases of property and equipment (478) (1,638) (953)
Net cash used in investing activities (51,542) (50,478) (49,820)
Financing activities      
Proceeds from stock option exercises 837 1,844
Tax benefit from share-based payments   995 2,203
Dividends to shareholders (82,645) (76,111) (68,561)
Net cash used in financing activities (82,645) (74,279) (64,514)
Change in cash and cash equivalents (3,377) (10,545) (21,475)
Cash and cash equivalents at beginning of year 58,936 69,481 90,956
Cash and cash equivalents at end of year 55,559 58,936 69,481
Supplemental disclosure of cash flow information      
Income taxes paid $ 28,255 $ 31,500 $ 23,851