XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Investments held in trust:    
Fixed-maturity securities $ 10,422 $ 76,831
Cash equivalents held in trust 6,804 2,176 [1]
Total investments held in trust 15,826 31,382 [1]
Cash and cash equivalents 25,542 2,491 [1]
Restricted cash 577,220 573,347 [1]
Derivative asset - embedded conversion feature 111,877 80,651 [1]
Accrued investment income 109 187 [1]
Other assets 764 507 [1]
Total assets 732,738 736,190 [1]
Liabilities:    
Notes payable - principal [1]   18,774
Notes payable - interest [1]   203
Losses and loss adjustment reserves 705 811 [1]
Losses payable 29 53 [1]
Unearned premiums 33 270 [1]
Accrued ceding commissions 57 22 [1]
Loss contract reserve [1]   5,645
Other liabilities 13,774 14,063 [1]
Total liabilities 14,598 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 September 30, 2017 and December 31, 2016; aggregate liquidation preference of $600,000,000 as of September 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 September 30, 2017 and December 31, 2016, respectively 2 2 [1]
Additional paid-in capital 108,830 108,415 [1]
Retained earnings 107,095 85,719 [1]
Total stockholders’ equity 215,927 194,136 [1]
Total liabilities, redeemable convertible preferred stock and stockholders’ equity 732,738 736,190 [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 9,022 29,206 [1]
Unrestricted Fixed-Maturity Securities [Member]    
Investments held in trust:    
Fixed-maturity securities $ 1,400 $ 47,625 [1]
[1] Balances derived from audited financial statements as of December 31, 2016.