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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flow from operating activities:    
Net income $ 12,159 $ 31,228
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net realized investment gains (2,060) (3,743)
Amortization of investment premium or discount, net 3,910 3,795
Depreciation and amortization 620 495
Share-based compensation 4,001 3,175
Changes in operating assets and liabilities:    
Prepaid reinsurance premiums 62,008 (40,967)
Premiums receivable, net (25,011) (7,653)
Reinsurance recoverable, net (12,437) 4,186
Deferred acquisition costs (25,699) 88
Income taxes receivable, net (14,858) (3,953)
Loss and loss adjustment expense reserves 30,146 13,343
Unearned premiums 55,323 57,973
Deferred income taxes, net of other comprehensive income 5,491 5,277
Other, net 5,676 16,970
Net cash provided by operating activities 99,269 80,214
Cash flow from investing activities:    
Sales, maturities and redemptions of investment securities 151,884 134,918
Purchases of investment securities (188,576) (195,278)
Purchases of property and equipment (1,573) (1,500)
Net cash used in investing activities (38,265) (61,860)
Cash flow from financing activities:    
Noncontrolling interest equity investment   18,498
Tax benefit related to share-based compensation 843 869
Purchases of FNHC common stock (5,482)  
Issuance of common stock for share-based awards 360 130
Dividends paid (3,563) (1,847)
Net cash (used in) provided by financing activities (7,842) 17,650
Net increase in cash and cash equivalents 53,162 36,004
Cash and cash equivalents at beginning of period 53,038 40,157
Cash and cash equivalents at end of period 106,200 76,161
Cash paid during the period for:    
Income taxes 14,360 15,662
Non-cash investing and finance activities:    
Accrued dividends payable $ 1,134 $ 712