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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Fixed maturities, available-for-sale, at fair value (amortized cost of $994,543 and $924,987 as of June 30, 2019 and December 31, 2018, respectively) $ 1,017,607 $ 911,490
Cash and cash equivalents (including restricted cash of $1,430 and $1,414 as of June 30, 2019 and December 31, 2018, respectively) 35,735 25,294
Premiums receivable 42,225 36,007
Accrued investment income 6,301 5,694
Prepaid expenses 3,358 3,241
Deferred policy acquisition costs, net 52,607 46,840
Software and equipment, net 25,827 24,765
Intangible assets and goodwill 3,634 3,634
Prepaid reinsurance premiums 20,426 30,370
Other assets 12,679 4,708
Total assets 1,220,399 1,092,043
Liabilities    
Term loan 146,253 146,757
Unearned premiums 151,358 158,893
Accounts payable and accrued expenses 24,351 31,141
Reserve for insurance claims and claim expenses 18,432 12,811
Reinsurance funds withheld 18,092 27,114
Warrant liability, at fair value 9,679 7,296
Deferred tax liability, net 28,258 2,740
Other liabilities [1] 11,597 3,791
Total liabilities 408,020 390,543
Commitments and contingencies
Shareholders' equity    
Common stock - class A shares, $0.01 par value; 67,768,466 and 66,318,849 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively (250,000,000 shares authorized) 677 663
Additional paid-in capital 692,163 682,181
Accumulated other comprehensive income (loss), net of tax 14,052 (14,832)
Retained earnings 105,487 33,488
Total shareholders' equity 812,379 701,500
Total liabilities and shareholders' equity $ 1,220,399 $ 1,092,043
[1] Deferred Ceding Commissions have been reclassified to "Other Liabilities" in prior periods