XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Investments held in trust:    
Fixed-maturity securities   $ 3,660,000
Cash equivalents held in trust $ 708,000 4,199,000 [1]
Total cash equivalents and investments held in trust 708,000 5,717,000 [1]
Cash and cash equivalents 29,058,000 26,709,000 [1]
Restricted cash 575,779,000 578,936,000 [1]
Accrued investment income 48,000 59,000 [1]
Other assets 4,970,000 558,000 [1]
Total assets 610,563,000 614,121,000 [1]
Liabilities:    
Losses and loss adjustment reserves 273,000 474,000 [1]
Unearned premiums 0 39,000 [1]
Other liabilities 20,586,000 16,303,000 [1]
Total liabilities 20,859,000 16,816,000 [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, 2018 and December 31, 2017; aggregate liquidation preference of $600,000,000 as of June 30, 2018 and December 31, 2017 503,713,000 503,713,000 [1]
Stockholders’ equity:    
Common stock, $0.00001 par value; 3,500,000,000 authorized; 216,664,908 and 206,714,132 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 2,000 2,000 [1]
Additional paid-in capital 13,150,000 39,000 [1]
Retained earnings 72,839,000 93,551,000 [1]
Total stockholders’ equity 85,991,000 93,592,000 [1]
Total liabilities, redeemable convertible preferred stock and stockholders’ equity 610,563,000 614,121,000 [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 [1]   1,518,000
Unrestricted Fixed-Maturity Securities [Member]    
Investments held in trust:    
Fixed-maturity securities [1]   $ 2,142,000
[1] Balances derived from audited financial statements as of December 31, 2017.