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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net income $ 18,323 $ 28,945 $ 23,283
Adjustments to reconcile net income to net cash provided by operating activities:      
Change in accounts receivable and unearned premium 2,678 (2,721) 22,939
Change in accrued investment income (278) 108 (307)
Change in reinsurance recoverable on paid losses (446) 692 4,458
Change in losses and loss expenses reserves net of reinsurance 47,229 23,568 6,325
Change in other assets, other liabilities and current income taxes 45,188 (8,063) (28,299)
Amortization of net policy acquisition costs 47,387 18,085 21,314
Net policy acquisition costs deferred (51,824) (17,813) (20,495)
Provision for deferred income taxes (benefits) (3,866) 2,838 (1,819)
Bond amortization 1,865 3,030 3,388
Loss on sale of property and equipment 235 63 18
Depreciation 5,752 5,521 5,037
Net realized (gains) losses on investments (19,686) (23,228) 1,261
Compensation expense related to restricted stock 1,154 1,343 1,094
Net cash provided by operating activities 93,711 32,368 38,197
Investing activities      
Purchases of fixed maturities and equity securities (436,932) (400,670) (342,592)
Purchases of limited partnership interests (1,097) 0 (409)
Distributions from limited partnerships 19,230 1,462 4,494
Proceeds from maturities 131,623 78,691 161,706
Proceeds from sales of fixed maturities 148,652 199,790 117,338
Proceeds from sales of equity securities 69,756 88,773 53,270
Net sales of short-term investments 500 11,258 746
Purchases of property and equipment (6,661) (7,725) (7,662)
Proceeds from disposals of property and equipment 582 1,059 277
Net cash used in investing activities (74,347) (27,362) (12,832)
Financing activities      
Dividends paid to shareholders (16,302) (15,803) (15,003)
Repurchase of common shares (1,880) 0 0
Net cash used in financing activities (18,182) (15,803) (15,003)
Effect of foreign exchange rates on cash and cash equivalents 522 235 (1,456)
Increase (decrease) in cash and cash equivalents 1,704 (10,562) 8,906
Cash and cash equivalents at beginning of year 62,976 73,538 64,632
Cash and cash equivalents at end of year 64,680 62,976 73,538
Supplemental Disclosures of Cash Flow Information      
Cash paid for income taxes, net of refunds 0 10,173 14,500
Cash paid for interest $ 456 $ 309 $ 286