CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flow from operating activities:
Income before non-controlling interest	$ 31,228	$ 27,204
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of investment premium or discount, net	3,795	2,909
Depreciation and amortization of property plant and equipment, net	495	334
Net realized investment gains	(3,743)	(4,047)
Non-cash compensation	2,903	72
Changes in operating assets and liabilities:
Premiums receivable, net	(7,653)	(5,698)
Prepaid reinsurance premiums	(40,967)	(31,610)
Reinsurance recoverable, net	4,186	(6,494)
Income taxes recoverable	(3,953)	(2,130)
Deferred income tax expense, net of other comprehensive income	5,277	2,741
Policy acquisition costs, net of amortization	88	5,728
Other assets	(3,742)	(1,941)
Contingent quota-share profit sharing	3,500	(1,750)
Unpaid losses and LAE	13,343	12,093
Unearned premiums	57,973	58,295
Cash received from other entitie's debt instrument	5,000	0
Premium deposits and customer credit balances	3,884	3,261
Income taxes payable	0	(2,379)
Claims payments outstanding	3,120	979
Accounts payable and accrued expenses	5,480	1,158
Net cash provided by operating activities	80,214	58,725
Cash flow used by investing activities:
Proceeds from sale of investment securities	134,918	65,869
Purchases of investment securities available for sale	(195,278)	(162,864)
Purchases of property and equipment	(1,500)	(1,074)
Net cash used by investing activities	(61,860)	(98,069)
Cash flow provided by financing activities:
Exercised stock options	130	1,433
Dividends paid	(1,847)	(1,038)
Non-controlling interest investment in affiliate	18,498	0
Issuance of common stock	0	43,116
Tax benefit related to non-cash compensation	869	313
Net cash provided by financing activities	17,650	43,824
Net increase in cash and short term investments	36,004	4,480
Cash and short term investments at beginning of period	40,157	41,446
Cash and short term investments at end of period	76,161	45,926
Cash paid during the period for:
Income taxes	15,662	18,185
Non-cash investing and finance activities:
Accrued dividends payable	$ 712	$ 350