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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Net premiums written $ 35,360 $ 9,661 $ 68,629 $ 19,890
Increase in unearned premiums (22,526) (5,761) (40,003) (11,993)
Net premiums earned 12,834 3,900 28,626 7,897
Net investment income 1,884 1,342 5,168 4,299
Net realized investment (losses) gains (15) 134 952 134
Total revenues 14,703 5,376 34,746 12,330
Expenses        
Insurance claims and claims expenses 181 (26) 279 2
Underwriting and operating expenses 19,653 17,895 58,912 55,833
Total expenses 19,834 17,869 59,191 55,835
Other income        
Gain from change in fair value of warrant liability 332 1,240 1,473 3,009
Gain from settlement of warrants 0 0 0 37
Loss before income taxes (4,799) (11,253) (22,972) (40,459)
Income tax benefit 0 (277) 0 (1,574)
Net loss $ (4,799) $ (10,976) $ (22,972) $ (38,885)
Net loss per share        
Basic and diluted loss per share (in dollars per share) $ (0.08) $ (0.19) $ (0.39) $ (0.67)
Weighted average common shares outstanding (in shares) 58,741,328 58,363,334 58,650,043 58,239,251
Other comprehensive (loss) income, net of tax:        
Net unrealized (losses) gains in accumulated other comprehensive loss, net of tax (benefit) expense of $0 and ($488) for the three months ended September 30, 2015 and 2014, respectively, and $0 and $2,176 for the nine months ended September 30, 2015 and 2014, respectively $ (483) $ (709) $ (15) $ 3,165
Reclassification adjustment for losses (gains) included in net loss, net of tax expense of $0, and $0 for the three months ended September 30, 2015 and 2014, respectively, and $0 and $0 for the nine months ended September 30, 2015 and 2014, respectively 15 0 (952) 0
Other comprehensive (loss) income, net of tax (468) (709) (967) 3,165
Comprehensive loss $ (5,267) $ (11,685) $ (23,939) $ (35,720)