Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The following table summarizes the provision for income taxes:

	Year Ended December 31,
	2017			2016			2015
Federal:
Current	$	(1,147	)	$	(1,906	)	$	10,143
Deferred	(9,911		)	1,920			2,103
(Benefit) provision for Federal income tax expense	(11,058		)	14			12,246
State:
Current	496			1,001			2,054
Deferred	1,327			290			202
Provision for State income tax expense	1,823			1,291			2,256
(Benefit) provision for income taxes	$	(9,235	)	$	1,305		$	14,502

Tax Expense Reconciliation

The actual income tax expense differs from the expected income tax expense computed by applying the combined applicable effective federal and state tax rates to income before the provision for income taxes as follows:

	Year Ended December 31,
	2017			2016			2015
Expected income tax expense at federal rate	$	319		$	2,381		$	14,671
State tax expense, net of federal deduction benefit	366			934			1,023
Dividend received deduction	(294		)	(217		)	—
Other permanent items	128			—			—
Prior period adjustment	(791		)	—			42
Accrual adjustments	(1,472		)	—			—
Section 847 payments	—			—			(693		)
Municipal tax-exempt interest	(1,398		)	(1,011		)	—
Change in enacted tax rate(1)	(6,777		)	—			—
Other, net	684			(782		)	(541		)
Reported income tax (benefit) expense	$	(9,235	)	$	1,305		$	14,502

Schedule of Deferred Tax Assets and Liabilities

The table below summarizes the significant components of our net deferred tax liability:

	December 31,
	2017			2016
Deferred tax assets:
Unearned premiums	$	17,459		$	19,113
Tax-related discount on loss reserve	1,113			1,479
Bad debt expense	90			54
Other-than-temporary impairment	16			27
Investments	304			—
AMT credit carryforward	226			—
Other	89			507
Total deferred tax assets	19,297			21,180
Deferred tax liabilities:
Unrealized gain	(2,822		)	(642		)
Deferred acquisitions costs	(21,549		)	(19,586		)
Capitalized software	(204		)	(1,505		)
Intangible asset	(10,883		)	(3,371		)
Prepaid expenses	(535		)	—
Investments	(17		)	—
Fixed assets	(689		)	—
Other	(63		)	(895		)
Total deferred tax liabilities	(36,762		)	(25,999		)
Net deferred tax liability	$	(17,465	)	$	(4,819	)