XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Investments held in trust:    
Fixed-maturity securities $ 24,062 $ 76,831
Cash equivalents held in trust 7,503 2,176 [1]
Total investments held in trust 29,865 31,382 [1]
Cash and cash equivalents 36,050 2,491 [1]
Restricted cash 575,458 573,347 [1]
Derivative asset - embedded conversion feature 73,298 80,651 [1]
Accrued investment income 168 187 [1]
Other assets 488 507 [1]
Total assets 717,027 736,190 [1]
Liabilities:    
Notes payable - principal 18,226 18,774 [1]
Notes payable - interest 198 203 [1]
Losses and loss adjustment reserves 688 811 [1]
Losses payable [1]   53
Unearned premiums 35 270 [1]
Accrued ceding commissions 13 22 [1]
Loss contract reserve 210 5,645 [1]
Other liabilities 13,530 14,063 [1]
Total liabilities 32,900 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 June 30, 2017 and December 31, 2016; aggregate liquidation preference of $600,000,000 as of June 30, 2017 and December 31, 2016 502,213 502,213 [1]
Stockholders’ equity:    
Common stock, $0.00001 par value; 3,500,000,000 authorized; 206,714,132 and 206,380,800 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 2 2 [1]
Additional paid-in capital 108,728 108,415 [1]
Retained earnings 73,184 85,719 [1]
Total stockholders’ equity 181,914 194,136 [1]
Total liabilities, redeemable convertible preferred stock and stockholders’ equity 717,027 736,190 [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 22,362 29,206 [1]
Unrestricted Fixed-Maturity Securities [Member]    
Investments held in trust:    
Fixed-maturity securities $ 1,700 $ 47,625 [1]
[1] Balances derived from audited financial statements as of December 31, 2016.