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Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net income $ 17,454 $ 28,073
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 0 575
Amortization of bond discount 924 327
Depreciation and amortization 272 27
Net realized losses 18 48
Deferred income taxes 5,858 (788)
Changes in operating assets and liabilities:    
Accrued investment income (360) (390)
Premiums receivable, net (33,085) (5,161)
Prepaid reinsurance premiums (56,012) (68,391)
Reinsurance premiums receivable 5,337 (46,355)
Income taxes receivable (5,182) 0
Deferred policy acquisition costs, net (15,627) (4,122)
Other assets (2,671) (26,644)
Unpaid losses and loss adjustment expenses 15,189 8,100
Unearned premiums 43,187 49,033
Reinsurance payable 51,782 52,442
Income taxes payable (457) 8,608
Accrued compensation 2,639 4,718
Advance premiums 4,076 2,870
Other liabilities 2,352 3,544
Net cash provided by operating activities 35,694 6,514
INVESTING ACTIVITIES    
Proceeds from sales and maturities of investments available for sale 24,747 2,615
Purchases of investments available for sale (41,552) (56,772)
Cost of property and equipment acquired (3,105) (9,831)
Net cash used in investing activities (19,910) (63,988)
FINANCING ACTIVITIES    
Proceeds from issuance of equity and redeemable shares 88 33,300
Proceeds from issuance of equity from initial public offering and private placement, net of discount fee and direct costs of issuance 78,670 0
Proceeds from issuance of exercise of warrants 22,515 0
Net cash provided by financing activities 101,273 33,300
Increase (decrease) in cash and cash equivalents 117,057 (24,174)
Cash and cash equivalents at beginning of period 65,059 63,872
Cash and cash equivalents at end of period 182,116 39,698
Supplemental Cash Flows Information:    
Interest paid 0 48
Income taxes paid $ 9,258 $ 7,278