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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flow from operating activities:    
Net income $ 10,721 $ 20,657
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net realized investment gains (934) (2,617)
Amortization of investment premium or discount, net 2,562 2,487
Depreciation and amortization 392 302
Share-based compensation 3,231 2,090
Changes in operating assets and liabilities:    
Prepaid reinsurance premiums 10,962 14,173
Premiums receivable, net (19,469) (5,776)
Reinsurance recoverable, net (7,858) (2,760)
Deferred acquisition costs (5,740) (5,657)
Income taxes receivable, net (6,595) (3,709)
Loss and loss adjustment expense reserves 23,383 9,752
Unearned premiums 41,809 40,387
Deferred income taxes, net of other comprehensive income (1,666) 4,273
Other, net 2,896 (2,593)
Net cash provided by operating activities 53,694 71,009
Cash flow from investing activities:    
Sales, maturities and redemptions of investment securities 119,671 92,411
Purchases of investment securities (141,334) (129,545)
Purchases of property and equipment (822) (542)
Net cash used in investing activities (22,485) (37,676)
Cash flow from financing activities:    
Noncontrolling interest equity investment 0 18,136
Tax benefit related to share-based compensation 598 706
Issuance of debt in consolidated variable interest entity 0 5,000
Purchases of FNHC common stock (2,373) 0
Issuance of common stock for share-based awards 26 123
Dividends paid (2,425) (1,133)
Net cash (used in) provided by financing activities (4,174) 22,832
Net increase in cash and cash equivalents 27,035 56,165
Cash and cash equivalents at beginning of period 53,038 40,157
Cash and cash equivalents at end of period 80,073 96,322
Cash paid during the period for:    
Income taxes 14,360 10,662
Non-cash investing and finance activities:    
Accrued dividends payable $ 859 $ 567