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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Investments held in trust:    
Fixed-maturity securities $ 49,280 $ 76,831
Cash equivalents held in trust 3,205 2,176 [1]
Total investments held in trust 30,363 31,382 [1]
Cash and cash equivalents 21,728 2,491 [1]
Restricted cash 573,942 573,347 [1]
Derivative asset - embedded conversion feature 98,680 80,651 [1]
Accrued investment income 215 187 [1]
Other assets 581 507 [1]
Total assets 747,631 736,190 [1]
Liabilities:    
Notes payable - principal 18,423 18,774 [1]
Notes payable - interest 200 203 [1]
Losses and loss adjustment reserves 623 811 [1]
Losses payable [1]   53
Unearned premiums 45 270 [1]
Accrued ceding commissions 16 22 [1]
Loss contract reserve 4,729 5,645 [1]
Other liabilities 13,817 14,063 [1]
Total liabilities 37,853 39,841 [1]
Commitments and contingencies [1]
Redeemable convertible series B preferred stock, $0.00001 par value; 600,000 shares issued and outstanding as of March 31, 2017 and December 31, 2016; aggregate liquidation preference of $600,000,000 as of March 31, 2017 and December 31, 2016 502,213 502,213 [1]
Stockholders’ equity:    
Common stock, $0.00001 par value; 3,500,000,000 authorized; 206,380,800 shares issued and outstanding as of March 31, 2017 and December 31, 2016 2 2 [1]
Additional paid-in capital 108,555 108,415 [1]
Accumulated earnings 99,008 85,719 [1]
Total stockholders’ equity 207,565 194,136 [1]
Total liabilities, redeemable convertible preferred stock and stockholders’ equity 747,631 736,190 [1]
Convertible Series A Preferred Stock [Member]    
Stockholders’ equity:    
Convertible preferred stock value [1]
Fixed-Maturity Securities Held in Trust [Member]    
Investments held in trust:    
Fixed-maturity securities 27,158 29,206 [1]
Unrestricted Fixed-Maturity Securities [Member]    
Investments held in trust:    
Fixed-maturity securities $ 22,122 $ 47,625 [1]
[1] Balances derived from audited financial statements as of December 31, 2016.