XML 21 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Investments    
Investment in related party investment fund $ 177,658 $ 240,056
Other investments 22,045 16,384
Total investments 199,703 256,440
Cash and cash equivalents 7,318 25,813
Restricted cash and cash equivalents 731,292 742,093
Reinsurance balances receivable (net of allowance for expected credit losses of $89) 251,163 230,384
Loss and loss adjustment expenses recoverable (net of allowance for expected credit losses of $47) 20,225 27,531
Deferred acquisition costs 49,227 49,665
Unearned premiums ceded 165 901
Notes receivable (net of allowance for expected credit losses of $1,000) 18,842 20,202
Other assets 1,521 2,164
Total assets 1,279,456 1,355,193
Liabilities    
Loss and loss adjustment expense reserves 467,655 470,588
Unearned premium reserves 185,378 179,460
Reinsurance balances payable 94,217 122,665
Funds withheld 4,644 4,958
Other liabilities 3,021 6,825
Convertible senior notes payable 94,637 93,514
Total liabilities 849,552 878,010
Shareholders' equity    
Preferred share capital (par value $0.10; authorized, 50,000,000; none issued) 0 0
Ordinary share capital (Class A: par value $0.10; authorized, 100,000,000; issued and outstanding, 30,017,870 (2019: 30,739,395): Class B: par value $0.10; authorized, 25,000,000; issued and outstanding, 6,254,715 (2019: 6,254,715)) 3,627 3,699
Additional paid-in capital 497,559 503,547
Retained earnings (deficit) (71,282) (30,063)
Total shareholders' equity 429,904 477,183
Total liabilities and equity $ 1,279,456 $ 1,355,193