GAAP Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD

Assets

Investment securities

Debt securities, at fair value 107,093 113,163 136,536 120,440 124,057
Equity securities, at fair value 4,240 4,579 9,687 10,737 12,038
Short-term investments, at fair value 6,391 10,788 11,427 8,925 8,069
Total investments 117,724 128,530 157,650 140,102 144,164
Cash and cash equivalents 12,703 12,493 11,868 10,792 10,411
Premiums and agents' balances receivable, net 18,010 24,538 22,845 21,247 18,684
Receivable from Affiliate 1,792 1,751 1,195 3,582 2,279
Reinsurance recoverables on unpaid losses 5,405 6,658 20,066 29,685 24,551
Reinsurance recoverables on paid losses 1,639 840 4,473 5,060 9,567
Prepaid reinsurance premiums 3,483 4,120 1,081 1,829 3,659
Deferred policy acquisition costs 12,102 13,290 12,781 12,011 12,153
Other assets 5,069 11,481 7,073 8,444 12,680
Total assets 177,927 203,701 239,032 232,752 238,148

Liabilities and Shareholders' Equity

Liabilities

Unpaid losses and loss adjustment expenses 35,422 54,651 87,896 92,807 93,966
Unearned premiums 47,916 58,126 57,672 52,852 51,519
Reinsurance premiums payable 1,069 0 3,299 NA NA
Debt 12,750 17,750 29,027 33,502 34,583
Deferred gain on ADC NA NA 0 5,677 3,394
Accounts payable and other liabilities 2,758 5,380 8,312 5,751 11,771
Other liabilities 750 NA NA NA NA
Total liabilities 100,665 135,907 186,206 190,589 195,233
Commitments and contingencies 0 0 0 0 0

Shareholders' equity

Common stock 80,111 80,342 86,199 86,533 86,268
Accumulated deficit (3,031) (11,468) (33,010) (41,758) (42,438)
Accumulated other comprehensive income (loss) 182 (1,080) (363) (2,612) (915)
Total shareholders' equity 77,262 67,794 52,826 42,163 42,915
Total liabilities and shareholders' equity 177,927 203,701 239,032 232,752 238,148
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.