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Investments
12 Months Ended
Jun. 30, 2020
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

    

 

June 30, 2020

 

Cost

 

Gains

 

Losses

 

Fair Value

 

 

(Amounts in thousands)

Equity securities

 

 

  

 

 

  

 

 

  

 

 

  

Common stock and common stock options

 

$

6,746

 

$

203

 

$

(2,460)

 

$

4,489

Preferred stock

 

 

2,883

 

 

 —

 

 

 —

 

 

2,883

Total equity securities

 

$

9,629

 

$

203

 

$

(2,460)

 

$

7,372

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Amortized

    

Unrealized

    

Unrealized

    

 

 

 

Cost

 

Gains

 

Losses

 

Fair Value

Fixed-maturity securities

 

 

  

 

 

 

 

 

  

 

 

  

Corporate debt

 

$

26,594

 

$

455

 

$

(5,620)

 

$

21,429

Total fixed-maturity securities

 

$

26,594

 

$

455

 

$

(5,620)

 

$

21,429

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

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

 

We reported $785,000 and $1,785,000 of unrealized loss on equity securities, net in the fiscal years ended June 30, 2020 and 2019, respectively, within our consolidated statement of operations.  Additionally, we reported $2,252,000 and $467,000 of realized gain on the sale of debt and equity securities in the fiscal years ended June 30, 2020 and 2019, respectively, 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 June 30, 2020 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.

 

 

 

 

 

 

 

 

 

 

Fixed Maturity Securities

 

    

Amortized

    

 

 

 

 

Cost

 

Fair Value

 

 

(Amounts in thousands)

Due after one year through three years

 

$

18,512

 

$

14,269

Due after three years through five years

 

 

 —

 

 

 —

Due after five years through 10 years

 

 

8,082

 

 

7,160

Total fixed-maturity securities

 

$

26,594

 

$

21,429