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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Investments held in trust, at fair value:    
Fixed-maturity securities $ 197,948 $ 201,660
Cash equivalents held in trust 15,879 17,019
Total investments held in trust 213,827 218,679
Cash and cash equivalents 9,534 16,761
Fixed-maturity securities, at fair value 83,599 75,809
Restricted cash 164 25,169
Accrued investment income 1,609 1,698
Other assets 1,765 1,800
Total assets 310,498 339,916
Liabilities:    
Notes payable - principal 115,701 136,272
Notes payable - interest 1,253 1,476
Losses and loss adjustment reserves 78,399 82,524
Losses payable 2,384 2,140
Unearned premiums 194 225
Accrued ceding commissions 118 136
Loss contract fair market value reserve 51,230 52,217
Other liabilities 599 536
Total liabilities 249,878 275,526
Commitments and contingencies      
Shareholders' equity:    
Preferred stock, $0.00001 par value, 5,000,000 authorized, zero outstanding as of March 31, 2013 and December 31, 2012      
Common stock, $0.00001 par value; 500,000,000 authorized, 201,156,078 shares issued and outstanding as of March 31, 2013 and December 31, 2012 2 2
Additional paid-in capital 76,787 76,741
Retained earnings (16,169) (12,353)
Total shareholders' equity 60,620 64,390
Total liabilities and shareholders' equity $ 310,498 $ 339,916