XML 45 R34.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Information - Underwriting Results and Reconciliation from Reportable Segments and Other's Category Net Income (Loss) to Consolidated (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
Segment
Jun. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Segment Reporting Information [Line Items]          
Number of reporting segments | Segment     2    
Net Income (Loss) [Abstract]          
Gross premiums written $ 4,982 $ 2,117 $ 16,716 $ (559,022)  
Net premiums written 4,090 (409) 14,462 (561,939)  
Net premiums earned 21,308 133,986 52,523 317,088  
Other insurance revenue 250 754 658 1,566  
Net loss and loss adjustment expenses (loss and LAE) (11,008) (121,561) (32,094) (274,250)  
Commission and other acquisition expenses (8,154) (49,656) (20,127) (119,273)  
General and administrative expenses (2,413) (2,654) (4,670) (6,951)  
Underwriting income (loss) (17) (39,131) (3,710) (81,820)  
Reconciliation to net income (loss) from continuing operations          
Net investment income and realized gains on investment 23,184 55,208 52,186 76,129  
Total other-than-temporary impairment losses 0 0 (1,506) 0  
Interest and amortization expenses (4,830) (4,830) (9,661) (9,659)  
Foreign exchange and other gains (losses), net (2,295) 1,207 5,902 6,186  
Other general and administrative expenses (6,848) (9,504) (13,141) (21,826)  
Income tax benefit 18 1,026 3 1,064  
Income (loss) from continuing operations $ 9,212 $ 3,976 $ 30,073 $ (29,926)  
Net loss and LAE ratio 51.00% 90.20% 60.40% 86.10%  
Commission and other acquisition expense ratio 37.80% 36.90% 37.80% 37.40%  
General and administrative expense ratio 43.00% 9.00% 33.50% 9.00%  
Expense ratio 80.80% 45.90% 71.30% 46.40%  
Combined ratio 131.80% 136.10% 131.70% 132.50%  
Assets [Abstract]          
Assets $ 3,213,436   $ 3,213,436   $ 3,568,196
Operating Segments          
Assets [Abstract]          
Assets 2,728,040   2,728,040   3,011,647
Operating Segments | Diversified Reinsurance          
Net Income (Loss) [Abstract]          
Gross premiums written 9,687 $ 11,244 21,421 $ 26,582  
Net premiums written 8,553 8,718 18,925 23,665  
Net premiums earned 11,527 22,472 24,058 47,764  
Other insurance revenue 250 754 658 1,566  
Net loss and loss adjustment expenses (loss and LAE) (6,038) (12,497) (13,079) (26,888)  
Commission and other acquisition expenses (4,374) (8,147) (9,353) (17,408)  
General and administrative expenses (1,746) (2,092) (3,359) (5,123)  
Underwriting income (loss) $ (381) $ 490 $ (1,075) $ (89)  
Reconciliation to net income (loss) from continuing operations          
Net loss and LAE ratio 51.30% 53.80% 52.90% 54.50%  
Commission and other acquisition expense ratio 37.10% 35.10% 37.80% 35.30%  
General and administrative expense ratio 14.80% 9.00% 13.60% 10.40%  
Expense ratio 51.90% 44.10% 51.40% 45.70%  
Combined ratio 103.20% 97.90% 104.30% 100.20%  
Assets [Abstract]          
Assets $ 157,302   $ 157,302   167,845
Operating Segments | AmTrust Reinsurance          
Net Income (Loss) [Abstract]          
Gross premiums written (4,705) $ (9,127) (4,705) $ (585,604)  
Net premiums written (4,463) (9,127) (4,463) (585,604)  
Net premiums earned 9,781 111,514 28,465 269,324  
Other insurance revenue 0 0 0 0  
Net loss and loss adjustment expenses (loss and LAE) (4,970) (109,088) (19,015) (247,158)  
Commission and other acquisition expenses (3,780) (41,509) (10,774) (101,865)  
General and administrative expenses (667) (562) (1,311) (1,828)  
Underwriting income (loss) $ 364 $ (39,645) $ (2,635) $ (81,527)  
Reconciliation to net income (loss) from continuing operations          
Net loss and LAE ratio 50.80% 97.80% 66.80% 91.80%  
Commission and other acquisition expense ratio 38.60% 37.20% 37.80% 37.80%  
General and administrative expense ratio 6.90% 0.50% 4.70% 0.70%  
Expense ratio 45.50% 37.70% 42.50% 38.50%  
Combined ratio 96.30% 135.50% 109.30% 130.30%  
Assets [Abstract]          
Assets $ 2,570,738   $ 2,570,738   2,843,802
Other          
Net Income (Loss) [Abstract]          
Gross premiums written   $ 0   $ 0  
Net premiums written   0   0  
Net premiums earned   0   0  
Other insurance revenue   0   0  
Net loss and loss adjustment expenses (loss and LAE)   24   (204)  
Commission and other acquisition expenses   0   0  
General and administrative expenses   0   0  
Underwriting income (loss)   $ 24   $ (204)  
Assets [Abstract]          
Assets 485,396   485,396   556,549
Other | Diversified Reinsurance          
Assets [Abstract]          
Assets 0   0   0
Other | AmTrust Reinsurance          
Assets [Abstract]          
Assets $ 0   $ 0   $ 0