Consolidated Statements of Cash Flow (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flow from operating activities:
Net earnings	$ 6,386	$ 12,476
Adjustments to reconcile net earnings to net cash provided by operating activities:
Realized gains on sale of investments	(39)	(11,302)
Depreciation expense	1,414	1,282
Stock based compensation expense	1,237	1,148
Amortization of deferred acquisition costs, net	(1,390)	(2,419)
Amortization of investment premium	2,030	1,942
Deferred income taxes	3,709	(1,237)
Change in operating assets and liabilities:
Accrued investment income	168	346
Premiums receivable	(5,785)	(14,114)
Reinsurance recoverable	(4,084)	7,170
Ceded unearned premiums	(3,676)	(724)
Funds held	(7,867)	6,103
Unpaid losses and loss adjustment expenses	18,264	18,003
Unearned premiums	11,067	13,643
Ceded premiums payable	2,691	3,563
Other liabilities	(1,796)	(2,947)
Other assets, net	(8,600)	1,671
Net cash provided by operating activities	13,729	34,604
Cash flow from investing activities:
Purchase of fixed maturities	(38,459)	(248,114)
Purchase of equity securities		(2,500)
Purchase of other investments	(3,444)
Proceeds from sales and maturities of fixed maturities	62,311	184,077
Proceeds from sale of equity securities	(865)	656
(Increase) decrease in short term investments	(40,458)	25,397
Purchases of fixed assets	(781)	(2,022)
Net cash used in investing activities	(21,696)	(42,506)
Cash flow from financing activities:
Shares repurchased to cover employment taxes	(204)
Proceeds from exercised stock options	85	460
Purchases of common stock pursuant to the Stock Repurchase Plan	(200)	(2,286)
Net cash used in financing activities	(319)	(1,826)
Net (decrease) in cash and cash equivalents	(8,286)	(9,728)
Cash and cash equivalents at beginning of period	43,481	38,307
Cash and cash equivalents at end of period	35,195	28,579
Supplemental disclosure of cash flow:
Income taxes paid (including $731 and $0 from VIE)	749	80
Interest paid	$ 790	$ 741