XML 140 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets
$ in Thousands
Dec. 31, 2017
USD ($)
Investments:  
Fixed maturity securities available for sale, at fair value (amortized cost: $202,437 in 2019; $122,949 in 2018) $ 101,913
Equity securities, at fair value (cost: $21,563 in 2019; $27,188 in 2018) 23,586
Total investments 125,499
Cash and cash equivalents 10,780
Restricted cash 152
Accrued investment income 788
Receivables for securities 250
Premium receivable 15,087
Deferred policy acquisition costs 15,161
Reinsurance recoverable on unpaid losses and loss adjustment expenses 13,352
Reinsurance recoverable on paid losses and loss adjustment expenses 1,280
Prepaid reinsurance premium 3,175
Prepaid expenses and other assets 1,260
Property and equipment, net 827
Intangible assets 744
Total assets 188,355
Liabilities:  
Accounts payable and other accrued liabilities 6,497
Reserve for losses and loss adjustment expenses 17,784
Unearned premiums 61,976
Ceded premium payable 5,069
Funds held under reinsurance treaty 1,517
Income and excise taxes payable 11
Long-term notes payable 17,087
Total liabilities 109,941
Shareholder's equity:  
Common stock, $0.0001 par value, 500,000,000 shares authorized, 23,468,750 and 17,000,000 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 2
Additional paid in capital 68,498
Accumulated other comprehensive income (loss) 2,993
Retained earnings 6,921
Total shareholder's equity 78,414
Total liabilities and shareholder's equity $ 188,355