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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Investments:    
Fixed income securities, at fair value (amortized cost of $16,111 and $10,515, respectively) $ 16,100 $ 10,514
Short-term investments, at cost which approximates fair value 713 $ 2,198
Other investments, at cost 159  
Total investments 16,972 $ 12,712
Cash and cash equivalents 52,533 53,639
Deferred policy acquisition costs, net 3,417 3,091
Premiums receivable, net of allowance for doubtful accounts of $8 and $3, respectively 2,188 2,086
Ceded unearned premiums 2,416 1,561
Reinsurance recoverable 108 $ 363
Current income taxes recoverable 1,108  
Net deferred income taxes 635 $ 263
Property and equipment, net 223 $ 237
Goodwill 211  
Intangible assets, net of accumulated amortization of $6 and $0, respectively 46  
Other assets 534 $ 282
Total Assets 80,391 74,234
Liabilities:    
Loss and loss adjustment expense reserves 1,458 1,211
Unearned premium reserves 20,197 17,703
Ceded reinsurance premiums payable 3,442 2,559
Agent commissions payable 650 323
Premiums collected in advance $ 1,608 560
Due to related party   145
Current income taxes payable   262
Accrued expenses and other liabilities $ 2,058 $ 1,557
Series B Preferred Shares, $25.00 par value, 1,000 shares authorized, 120 and zero shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively 2,420  
Total Liabilities 31,833 $ 24,320
Shareholders' Equity:    
Common stock, $0.001 par value; 10,000 shares authorized; 6,358 issued and outstanding at June 30, 2015 and December 31, 2014 6 6
Additional paid-in capital 48,663 47,631
Retained earnings 129 2,278
Accumulated other comprehensive income (loss) (7) (1)
Shareholders' Equity 48,791 $ (49,914)
Less: treasury stock at cost, 28 and zero shares as of June 30, 2015 and December 31, 2014, respectively (233)  
Total Shareholders' Equity 48,558 $ 49,914
Total Liabilities and Shareholders' Equity $ 80,391 $ 74,234