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Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Net loss $ (27,005) $ (20,239)
Equity in net (income) loss of investee (255) 2,169
Equity in net (income) loss of limited liability investments (155) 9
Depreciation and amortization 1,885 1,063
Stock based compensation expense, net of forfeitures 67 101
Net realized losses (gains) 1,377 (250)
Loss on change in fair value of debt 6,613 6,749
Deferred income taxes (136) 0
Other than temporary impairment loss 1,800 488
Amortization of fixed maturities premiums and discounts 1,906 1,574
Asset Impairment Charges 1,446 0
Realized loss on buy-back of debt 24 0
Premiums and service fee receivable 3,406 4,681
Reinsurance recoverable (6,576) (4,988)
Deferred acquisition costs 2,305 482
Income taxes recoverable 0 1,002
Unpaid loss and loss adjustment expenses (6,721) (20,608)
Unearned premiums 2,261 2,483
Reinsurance payable 2,664 2,463
Deferred service fees 211 2,080
Other, net (3,897) (834)
Net cash used in operating activities (25,592) (30,937)
Proceeds from sales and maturities of fixed maturities 10,878 51,145
Proceeds from sales of equity investments 377 0
Proceeds from sales of investment in investee 13,638 0
Purchase of fixed maturities 4,892 42,223
Purchase of equity investments 23 0
Net acquisition of limited liability investments 588 0
Payments to Acquire Other Investments 1,031 0
Net purchases of short-term investments 325 0
Acquisition of business, net of cash acquired 1,052 0
Net purchases of property and equipment and intangible assets (269) (502)
Net cash provided by investing activities 16,713 8,420
Common stock issued 0 132
Redemption of senior unsecured debentures (583) 0
Net cash (used in) provided by financing activities (583) 132
Net decrease in cash and cash equivalents (9,462) (22,385)
Cash and cash equivalents at beginning of period 80,813 80,813
Cash and cash equivalents at end of period $ 71,351