CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flow from operating activities:
Net income	$ 21,018	$ 19,977
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of investment premium or discount, net	2,487	1,775
Depreciation and amortization of property plant and equipment, net	302	189
Net realized investment gains	(2,617)	(3,388)
Non-cash compensation	1,556	(157)
Changes in operating assets and liabilities:
Premiums receivable	(5,776)	(5,707)
Prepaid reinsurance premiums	14,173	7,592
Reinsurance recoverable, net	(2,760)	(179)
Income taxes recoverable	(3,709)	0
Deferred income tax expense, net of other comprehensive income	4,273	728
Policy acquisition costs, net of amortization	(5,657)	(6,289)
Other assets	(2,043)	(1,486)
Contingent quota-share profit sharing	(3,500)	0
Unpaid losses and LAE	9,752	10,020
Unearned premiums	40,387	50,065
Reinsurance premiums payable	0	7,134
Debt	5,000	0
Premium deposits and customer credit balances	3,938	3,697
Income taxes payable	0	(1,796)
Claims payments outstanding	(189)	(149)
Accounts payable and accrued expenses	(434)	1,587
Net cash provided by operating activities	76,201	83,613
Cash flow used by investing activities:
Proceeds from sale of investment securities	92,411	44,081
Purchases of investment securities available for sale	(129,545)	(111,591)
Purchases of property and equipment	(542)	(718)
Net cash used by investing activities	(37,676)	(68,228)
Cash flow provided by financing activities:
Exercised stock options	123	1,190
Dividends paid	(1,133)	(695)
Non-controlling interest	18,136	0
Tax benefit related to non-cash compensation	514	175
Net cash provided by financing activities	17,640	670
Net increase in cash and short term investments	56,165	16,055
Cash and short term investments at beginning of period	40,157	41,446
Cash and short term investments at end of period	96,322	57,501
Cash paid during the period for:
Income taxes	10,662	13,260
Non-cash investing and finance activities:
Accrued dividends payable	$ 567	$ 350