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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Fixed maturity securities, available for sale, at fair value (amortized cost of $370,967 and $290,951 in 2015 and 2014, respectively) $ 371,783 $ 293,085
Equity securities, available for sale, at fair value (cost of $32,439 and $30,555 in 2015 and 2014, respectively) 28,313 31,225
Mortgage loan, held to maturity, at amortized cost   6,849
Total investments 400,096 331,159
Cash and cash equivalents 236,277 160,481
Restricted cash 13,085 4,339
Accrued investment income 3,409 2,617
Premiums receivable, net 30,565 20,028
Prepaid reinsurance premiums 78,517 43,148
Deferred income taxes 7,964 6,622
Deferred policy acquisition costs, net 34,800 24,370
Property and equipment, net 17,111 17,087
Other assets 15,574 5,180
Total Assets 837,398 615,031
LIABILITIES AND STOCKHOLDERS' EQUITY    
Unpaid losses and loss adjustment expenses 83,722 51,469
Unearned premiums 302,493 241,136
Reinsurance payable 60,210 17,113
Income taxes payable 2,092 12,808
Advance premiums 12,138 5,143
Accrued compensation 2,305 442
Other liabilities 17,885 31,831
Total Liabilities $ 480,845 $ 359,942
Commitments and contingencies (Note 13)
Stockholders’ Equity:    
Common stock, $0.0001 par value, 50,000,000 shares authorized, 30,441,410 and 29,794,960 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively $ 3 $ 3
Additional paid-in capital 202,628 188,342
Accumulated other comprehensive (loss) income (2,033) 1,723
Retained earnings 155,955 65,021
Total Stockholders' Equity 356,553 255,089
Total Liabilities and Stockholders' Equity $ 837,398 $ 615,031