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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income (loss) $ 194 $ (11,199)
Adjustments to reconcile net income (loss) to cash provided by (used) in operating activities:    
Depreciation and amortization expense 1,110 1,224
Deferred federal income taxes (305) (541)
Net realized (losses) gains 119 (1,119)
Share-based payments expense 138 262
Change in ceded unearned premiums (48) 3,360
Change in premiums receivable (11,026) (8,309)
Change in accounts receivable 329 (3)
Change in deferred policy acquisition costs (1,989) (1,284)
Change in unpaid losses and loss adjustment expenses 8,771 17,057
Change in unearned premiums 7,801 2,761
Change in unearned revenue 3 (7)
Change in accrued agent profit sharing (508) (627)
Change in reinsurance recoverable (1,420) (4,370)
Change in reinsurance payable 1,022 (2,322)
Change in current federal income tax recoverable 238 127
Change in accrued ceding commission payable (3)  
Change in all other liabilities 292 (844)
Change in all other assets 95 (146)
Net cash provided by (used in) operating activities 4,813 (5,980)
Cash flows from investing activities:    
Purchases of property and equipment (34) (667)
Net transfers from restricted cash 1,675 2,487
Payment for acquisition of subsidiaries   (14,000)
Purchases of investment securities (37,108) (72,172)
Maturities, sales and redemptions of investment securities 29,045 74,512
Net cash used in investing activities (6,422) (9,840)
Cash flows from financing activities:    
Activity under revolving credit facility (2,500)  
Distribution to non-controlling interest (147)  
Net cash used in financing activities (2,647)  
Decrease in cash and cash equivalents (4,256) (15,820)
Cash and cash equivalents at beginning of period 74,471 60,519
Cash and cash equivalents at end of period 70,215 44,699
Supplemental cash flow information:    
Interest paid 1,118 1,152
Income taxes paid 91 28
Supplemental schedule of non-cash investing activities:    
Change in receivable for securities related to investment disposals that settled after the balance sheet date (2,169) (8,191)
Change in payable for securities related to investment purchases that settled after the balance sheet date $ 10,142 $ 6,850