XML 104 R95.htm IDEA: XBRL DOCUMENT v2.4.0.6
Schedule II - Condensed Financial Information of Registrant (Parent Company Only) (Details 2) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:                      
Net income (loss) $ 1,783 $ 3,671 $ (1,800) $ 194 $ 341 $ 104 $ (79) $ (11,199) $ 3,848 $ (10,833) $ 7,508
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:                      
Depreciation and amortization expense                 4,421 5,064 4,751
Deferred income tax benefit                 (2,851) (2,895) (980)
Realized loss                 (1,943) (3,633) (8,402)
Change in all other liabilities                 5,396 (5,707) (2,040)
Change in all other assets                 5,983 3,587 4,411
Net cash provided by (used in) operating activities                 33,682 24,610 36,360
Cash flows from investing activities:                      
Purchases of property and equipment                 (107) (1,586) (1,775)
Purchase of fixed maturity and equity securities                 (167,626) (265,684) (226,246)
Maturities and redemptions of investment securities                 148,968 280,918 134,821
Net cash (used in) provided by investing activities                 (18,100) (3,781) (87,992)
Cash flows from financing activities:                      
Proceeds from exercise of employee stock options                 0 99 25
Purchase of treasury shares                 0 (6,401) 0
Activity under revolving credit facility, net                 (2,577) 1,250 0
Net cash (used in) provided by financing activities                 (4,908) (6,877) (119)
(Decrease) increase in cash and cash equivalents                 10,674 13,952 (51,751)
Cash and cash equivalents at beginning of year       74,471       60,519 74,471 60,519 112,270
Cash and cash equivalents at end of year 85,145       74,471       85,145 74,471 60,519
Supplemental cash flow information:                      
Interest paid                 (4,656) (4,620) (4,594)
Income taxes recovered (paid)                 5,879 3,589 (7,202)
Parent Company [Member]
                     
Cash flows from operating activities:                      
Net income (loss)                 3,524 (10,891) 7,403
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:                      
Depreciation and amortization expense                 113 168 223
Deferred income tax benefit                 (1,725) (215) (12)
Undistributed share of (earnings) loss of subsidiaries                 (6,323) 7,130 (11,430)
Realized loss                 0 0 (41)
Change in current federal income tax payable (recoverable)                 4,030 (4,838) (700)
Change in all other liabilities                 357 5,155 4,092
Change in all other assets                 450 1,074 838
Net cash provided by (used in) operating activities                 426 (2,417) 373
Cash flows from investing activities:                      
Purchases of property and equipment                 (46) (205) (28)
Purchase of fixed maturity and equity securities                 0 0 (989)
Maturities and redemptions of investment securities                 0 0 1,956
Net cash (used in) provided by investing activities                 (46) (205) 939
Cash flows from financing activities:                      
Proceeds from exercise of employee stock options                 0 99 25
Purchase of treasury shares                 0 (6,401) 0
Activity under revolving credit facility, net                 (2,577) 1,250 0
Net cash (used in) provided by financing activities                 (2,577) (5,052) 25
(Decrease) increase in cash and cash equivalents                 (2,197) (7,674) 1,337
Cash and cash equivalents at beginning of year       3,309       10,983 3,309 10,983 9,646
Cash and cash equivalents at end of year 1,112       3,309       1,112 3,309 10,983
Supplemental cash flow information:                      
Interest paid                 (4,656) (4,620) (4,594)
Income taxes recovered (paid)                 $ 3,932 $ (3,383) $ 895