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Investments
3 Months Ended
Sep. 30, 2019
Investments.  
Investments

3.           Investments

Fixed-Maturity and Equity Securities Investments

The following tables provide information relating to investments in fixed-maturity and equity securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Unrealized

    

Unrealized

    

 

 

September 30,  2019

 

Cost

 

Gains

 

Losses

 

Fair Value

 

 

(Amounts in thousands)

 

 

 

  

 

 

  

 

 

  

 

 

  

Equity securities

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock options

 

$

4,823

 

$

769

 

$

(1,484)

 

$

4,108

Common stock warrants

 

 

288

 

 

 —

 

 

(288)

 

 

 —

Preferred stock

 

 

2,883

 

 

 —

 

 

 —

 

 

2,883

Total equity securities

 

$

7,994

 

$

769

 

$

(1,772)

 

$

6,991

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Amortized 

    

Unrealized 

    

Unrealized 

    

 

 

 

 

Cost

 

Gains

 

Losses

 

Fair Value

Fixed-maturity securities

 

 

  

 

 

  

 

 

  

 

 

  

Corporate debt

 

$

28,324

 

$

 —

 

$

(5,539)

 

$

22,785

Total fixed-maturity securities

 

$

28,324

 

$

 —

 

$

(5,539)

 

$

22,785

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Unrealized 

    

Unrealized 

    

 

 

June 30,  2019

 

Cost

 

Gains

 

Losses

 

Fair Value

 

 

(Amounts in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

 

  

 

 

  

 

 

  

 

 

  

Common stock

 

$

5,706

 

$

 —

 

$

(1,185)

 

$

4,521

Common stock warrants

 

 

288

 

 

 —

 

 

(287)

 

 

 1

Preferred stock

 

 

2,883

 

 

 —

 

 

 —

 

 

2,883

Total equity securities

 

$

8,877

 

$

 —

 

$

(1,472)

 

$

7,405

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Amortized 

    

Unrealized 

    

Unrealized

    

 

 

 

 

Cost

 

Gains

 

Losses

 

Fair Value

Fixed-maturity securities

 

 

  

 

 

  

 

 

  

 

 

  

Corporate debt

 

 

25,761

 

 

 —

 

 

(5,368)

 

 

20,393

Total fixed-maturity securities

 

$

25,761

 

$

 —

 

$

(5,368)

 

$

20,393

 

During the three months ended September 30, 2019, we reported a $469,000 unrealized gain on equity securities, net within our consolidated statement of operations.  Additionally, we reported a $1,076,000 realized gain on the sale of debt and equity securities within our consolidated statement of operations.

Maturities of Fixed-Maturity Securities Available-for-Sale

The amortized cost and fair values of fixed-maturity securities available for sale as of September 30, 2019 are shown by contractual maturity in the table below. Actual maturities can differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

 

 

 

 

 

 

 

 

 

    

Amortized

    

 

 

 

 

Cost

 

Fair Value

 

 

(Amounts in thousands)

Fixed-maturity securities

 

 

  

 

 

  

Due after one year through three years

 

$

20,391

 

$

15,473

Due after three years through five years

 

 

 —

 

 

 —

Due after five years through 10 years

 

 

7,933

 

 

7,312

Total fixed-maturity securities

 

$

28,324

 

$

22,785