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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Investments held in trust, at fair value:    
Fixed-maturity securities $ 177,407 $ 201,660
Cash equivalents held in trust 11,419 17,019
Total investments held in trust 188,826 218,679
Cash and cash equivalents 8,696 16,761
Fixed-maturity securities, at fair value 93,197 75,809
Restricted cash 3,089 25,169
Accrued investment income 1,779 1,698
Other assets 1,729 1,800
Total assets 297,316 339,916
Liabilities:    
Notes payable - principal 116,435 136,272
Notes payable - interest 1,261 1,476
Losses and loss adjustment reserves 66,028 82,524
Losses payable 1,981 2,140
Unearned premiums 1,649 225
Accrued ceding commissions 112 136
Loss contract fair market value reserve 51,230 52,217
Other liabilities 438 536
Total liabilities 239,134 275,526
Commitments and contingencies      
Shareholders' equity:    
Preferred stock, $0.00001 par value, 5,000,000 authorized, zero outstanding as of June 30, 2013 and December 31, 2012      
Common stock, $0.00001 par value; 500,000,000 authorized, 201,156,078 shares issued and outstanding as of June 30, 2013 and December 31, 2012 2 2
Additional paid-in capital 76,833 76,741
Accumulated deficit (18,653) (12,353)
Total shareholders' equity 58,182 64,390
Total liabilities and shareholders' equity $ 297,316 $ 339,916