XML 29 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Investments available for sale, at fair value:    
Fixed maturities, available-for-sale (amortized cost of $926,714 and $869,598, respectively) $ 940,011 $ 884,861
Equity securities 7,445 116,610
Other investments (amortized cost of $47,535 and $8,067, respectively) 47,595 10,252
Total investments 995,051 1,011,723
Cash and cash equivalents 239,420 215,469
Restricted Cash 62,078 71,588
Cash, Cash Equivalents, and Restricted Cash 301,498 287,057
Accrued investment income 4,680 5,901
Property, Plant and Equipment, Net 34,187 32,728
Premiums receivable, net (credit allowance of $140 and $165, respectively) 87,339 86,568
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments 821,156 550,136
Ceded unearned premiums 384,588 270,034
Goodwill 73,045 73,045
Deferred policy acquisition costs 74,414 104,572
Intangible Assets, Net (Excluding Goodwill) 21,930 26,079
Other Assets 51,053 19,375
Total Assets 2,848,941 2,467,218
Liabilities:    
Unpaid losses and loss adjustment expenses 1,089,966 760,357
Unearned premiums 723,938 674,055
Reinsurance Payable 241,636 166,131
Payments outstanding 77,912 57,555
Accounts Payable and Accrued Expenses 91,173 78,592
Operating Lease, Liability 2,311 324
Other Liabilities 46,365 47,407
Notes payable 158,041 158,932
Total Liabilities 2,431,342 1,943,353
Commitments and contingencies (Note 11)
Stockholders' Equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.0001 par value; 50,000,000 shares authorized; 43,250,731 and 43,056,310 issued, respectively; 43,075,877 and 43,028,074 outstanding, respectively 4 4
Additional Paid in Capital 393,122 391,852
Treasury shares, at cost; 212,083 shares (431) (431)
Accumulated other comprehensive income 9,693 11,319
Retained Earnings (Accumulated Deficit) (6,635) 100,394
Total Stockholders' Equity 395,753 503,138
Stockholders' Equity Attributable to Noncontrolling Interest 21,846 20,727
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 417,599 523,865
Total Liabilities and Stockholders' Equity $ 2,848,941 $ 2,467,218