XML 21 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net loss $ (22,972) $ (38,885)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net realized investment gains (952) (134)
Gain from change in fair value of warrant liability (1,473) (3,009)
Depreciation and other amortization 3,646 6,603
Share-based compensation expense 5,895 6,874
Benefit for taxes on current year unrealized gains 0 (1,574)
Changes in operating assets and liabilities:    
Accrued investment income 28 708
Premiums receivable (2,938) (383)
Prepaid expenses 271 422
Deferred policy acquisition costs, net (9,196) (1,561)
Other assets 453 (612)
Unearned premiums 40,003 11,993
Reserve for insurance claims and claims expenses 275 2
Accounts payable and accrued expenses 3,131 3
Net cash provided by (used in) operating activities 16,171 (19,553)
Cash flows from investing activities    
Purchase of fixed-maturity investments, available-for-sale (111,215) (4,359)
Proceeds from redemptions, maturities and sale of fixed-maturity investments, available-for-sale 129,666 112,132
Purchase of software and equipment (4,173) (6,641)
Net cash provided by investing activities 14,278 101,132
Cash flows from financing activities    
Issuance of common stock 415 1,086
Taxes paid related to net share settlement of equity awards (1,094) (1,072)
Gain from settlement of warrants 0 (37)
Net cash used in financing activities (679) (23)
Net increase in cash and cash equivalents 29,770 81,556
Cash and cash equivalents, beginning of period 103,021 55,929
Cash and cash equivalents, end of period $ 132,791 $ 137,485