Statutory Accounting and Regulation (Tables)

12 Months Ended

Dec. 31, 2016

The table below summarizes the activity related to assessments levied upon our insurance affiliates:



	2016			2015			2014
Expected recoveries of assessments, January 1	$	—		$	—		$	7
Assessments expensed	1,472			226			72
Assessments recovered	—			1			(2		)
Assessments not recoverable	(1,472		)	(227		)	(77		)
Expected recoveries of assessments, December 31	$	—		$	—		$	—

The table below reconciles our consolidated GAAP net income to the statutory net income of our insurance affiliates:



	Year Ended December 31,
	2016			2015			2014
Consolidated GAAP net income	$	5,698		$	27,358		$	41,013
Increase (decrease) due to:
Commissions	17,486			339			(12,258		)
Deferred income taxes	(3,255		)	(2,518		)	64
Deferred policy acquisition costs	(6,342		)	(4,962		)	(788		)
Allowance for doubtful accounts	(24		)	97			5
Assessments	—			—			(78		)
Prepaid expenses	(538		)	131			(136		)
Other, net	166			—			—
Operations of non-statutory subsidiaries	(10,621		)	(10,077		)	(14,915		)
January net income for FSIC	—			152			—
January through April net income for IIC	3,513			—			—
Statutory net income of insurance affiliates	$	6,083		$	10,520		$	12,907

The table below reconciles our consolidated GAAP stockholders’ equity to the surplus as regards policyholders of our insurance affiliates:



	December 31,
	2016			2015
Consolidated GAAP stockholders’ equity	$	241,327		$	239,211
Increase (decrease) due to:
Deferred policy acquisition costs	(15,373		)	(9,031		)
Deferred income taxes	(3,338		)	917
Investments	1,386			185
Non-admitted assets	(623		)	(1,066		)
Surplus debentures	11,176			12,353
Provision for reinsurance	(7,648		)	(734		)
Equity of non-statutory subsidiaries	(32,615		)	(96,825		)
Commissions	18,570			876
Prepaid expenses	(564		)	(26		)
Paid in surplus	—			5,000
Statutory surplus as regards policyholders of insurance affiliates	$	212,298		$	150,860