XML 21 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flow from operating activities:    
Net income $ 7,789 $ 10,721
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized investment gains (2,543) (934)
Amortization of investment premium or discount, net 2,145 2,562
Depreciation and amortization 275 392
Share-based compensation 1,412 3,231
Tax impact related to share-based compensation (50)  
Changes in operating assets and liabilities:    
Prepaid reinsurance premiums 36,343 (19,173)
Premiums receivable, net (4,568) (19,469)
Reinsurance recoverable, net 7,440 (7,858)
Deferred acquisition costs (3,822) (5,740)
Income taxes receivable, net 403 (6,595)
Loss and loss adjustment expense reserves (1,503) 23,383
Unearned premiums 16,202 41,809
Reinsurance payable (9,372) 30,135
Deferred income taxes, net of other comprehensive income 5,797 (1,666)
Other, net 1,050 2,896
Net cash provided by operating activities 56,998 53,694
Cash flow from investing activities:    
Sales, maturities and redemptions of investment securities 161,429 119,671
Purchases of investment securities (182,942) (141,334)
Purchases of property and equipment (369) (822)
Net cash used in investing activities (21,882) (22,485)
Cash flow from financing activities:    
Tax impact related to share-based compensation   598
Purchases of FNHC common stock (8,088) (2,373)
Issuance of common stock for share-based awards   26
Dividends paid (2,092) (2,425)
Net cash used in financing activities (10,180) (4,174)
Net increase in cash and cash equivalents 24,936 27,035
Cash and cash equivalents at beginning of period 74,593 53,038
Cash and cash equivalents at end of period 99,529 80,073
Cash (received) paid during the period for:    
Income taxes (414) 14,360
Non-cash investing and finance activities:    
Accrued dividends payable $ 1,115 $ 859