Discontinued Operations

3 Months Ended

Mar. 31, 2020

Discontinued Operations

Discontinued Operations

4. Discontinued Operations

In March 2017, the Company announced its exit from the United Kingdom (“U.K.”) insurance market. The financial results and subsequent expenses directly attributable to U.K. operations are included in the Company’s financial statements and classified within discontinued operations for all periods presented. Net income for discontinued operations was $0.3 million for the three months ended March 31, 2020. Net loss for discontinued operations was $0.3 million for the three months ended March 31, 2019.

The following table represents the carrying amounts of assets and liabilities associated with the exit from the insurance market in the U.K. reported as discontinued operations in its consolidated balance sheets:

	March 31,		December 31,
($ in thousands)	2020		2019
Assets
Cash and investments	$	10,080	$	10,428
Other assets		13,262		11,156
Total assets	$	23,342	$	21,584
Liabilities
Reserve for unpaid losses and loss adjustment expenses	$	24,149	$	24,169
Other liabilities		9,609		7,409
Total liabilities	$	33,758	$	31,578