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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (22,197) $ 40,984
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization and depreciation 5,121 5,327
Amortization of debt issuance costs 182 198
Restricted stock and stock option expense 5,157 2,513
Deferred federal income taxes (8,303) 5,198
Amortization of bond premium and discount, net 4,828 3,697
Net realized investment (gains) loss 22,332 (11,290)
Loss on extinguishment of debt 3,060 0
Equity in the earnings of equity method limited liability investments 8,004 0
Changes in:    
Premiums receivable, net 8,215 (25,313)
Reinsurance receivables, net (28,695) 31,406
Funds held by ceding insurers 2,132 786
Unpaid losses and loss adjustment expenses 39,749 (46,744)
Unearned premiums (10,787) 34,885
Ceded balances payable (10,828) 21,437
Other assets and liabilities, net 1,211 (9,929)
Contingent commissions (599) (601)
Federal income tax receivable/payable 10,989 (270)
Deferred acquisition costs, net 3,207 (9,185)
Prepaid reinsurance premiums 1,158 2,831
Net cash provided by operating activities 33,936 45,930
Cash flows from investing activities:    
Proceeds from sale of fixed maturities 600,962 642,049
Proceeds from sale of equity securities 563,926 206,212
Proceeds from maturity of fixed maturities 89,875 113,480
Proceeds from other invested assets 1,823 14,201
Amounts paid in connection with derivatives (20,130) (12,516)
Purchases of fixed maturities (702,727) (701,684)
Purchases of equity securities (393,963) (325,972)
Purchases of other invested assets (297) (3,500)
Net cash provided by (used for) investing activities 139,469 (67,730)
Cash flows from financing activities:    
Net borrowings (repayments) under margin borrowing facility (73,629) 8,561
Dividends paid to common shareholders (10,683) (7,130)
Issuance of series A cumulative fixed rate preferred shares 4,000 0
Purchases of class A common shares (153) (947)
Redemption of subordinated notes (100,000) 0
Net cash provided by (used for) financing activities (180,465) 484
Net change in cash and cash equivalents (7,060) (21,316)
Cash and cash equivalents at beginning of period 44,271 99,497
Cash and cash equivalents at end of period $ 37,211 $ 78,181