• Filing Date: 2017-02-22
  • Form Type: 10-K
  • Description: Annual report
v3.6.0.2
Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Aug. 16, 2016
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2016
Dec. 15, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:                                  
Net premiums earned   $ 63,352 $ 63,300 $ 58,528 $ 58,447 $ 61,626 $ 62,765 $ 76,387 $ 81,728 $ 61,776 $ 61,260 $ 62,649 $ 66,380 $ 243,627   $ 282,506 $ 252,065
Net investment income (loss)                           9,087   3,978 4,888
Net realized investment (losses) gains                           2,601   (608) 4,735
Net other-than-temporary impairment losses                           (2,482)   (4,681) (107)
Policy fee income                           3,914   3,496 2,820
Gain on repurchases of convertible senior notes                           153      
Gain on bargain purchase $ 2,071                         2,071      
Gain on remeasurement of previously held interest                           4,005 $ 4,005    
Other                           1,470   1,261 1,707
Total revenue   72,371 69,808 61,520 60,747 63,412 61,262 79,068 82,210 64,752 66,955 66,284 68,117 264,446   285,952 266,108
Expenses:                                  
Losses and loss adjustment expenses   45,406 25,909 26,272 27,080 21,420 26,200 20,565 19,039 20,529 21,991 18,383 18,565 124,667   87,224 79,468
Amortization of deferred policy acquisition costs                           37,868   36,224 32,918
Interest expense   2,967 2,672 2,611 2,829 2,716 2,698 2,679 2,661 2,644 2,626 2,609 2,574 11,079   10,754 10,453
Depreciation and amortization                           1,272   1,338 1,304
Other operating expenses                           42,704   44,220 41,003
Total expenses                           217,590   179,760 165,146
Income before income taxes   $ 5,901 $ 20,029 $ 11,229 $ 9,697 $ 17,625 $ 11,938 $ 35,583 $ 41,046 $ 23,494 $ 22,775 $ 26,383 $ 28,310 46,856   106,192 100,962
Operating Segments [Member] | Insurance Operations [Member]                                  
Revenue:                                  
Net premiums earned                           243,627   282,506 252,065
Net investment income (loss)                           8,440   6,841 5,098
Net realized investment (losses) gains                           2,450   (716) 4,426
Net other-than-temporary impairment losses                           (2,467)   (4,606) (107)
Policy fee income                           3,914   3,496 2,820
Other                           684   564 948
Total revenue                           256,648   288,085 265,250
Expenses:                                  
Losses and loss adjustment expenses                           124,667   87,224 79,468
Amortization of deferred policy acquisition costs                           37,868   36,224 32,918
Depreciation and amortization                           158   185 158
Other operating expenses                           31,351   30,665 30,591
Total expenses                           194,044   154,298 143,135
Income before income taxes                           62,604   133,787 122,115
Operating Segments [Member] | Corporate and Other [Member]                                  
Revenue:                                  
Net investment income (loss)                           1,180   (1,966) 964
Net realized investment (losses) gains                           151   108 309
Net other-than-temporary impairment losses                           (15)   (75)  
Gain on repurchases of convertible senior notes                           153      
Gain on bargain purchase                           2,071      
Gain on remeasurement of previously held interest                           4,005      
Other                           8,609   7,304 7,618
Total revenue                           16,154   5,371 8,891
Expenses:                                  
Interest expense                           11,079   10,754 10,453
Depreciation and amortization                           1,722   1,523 1,548
Other operating expenses                           19,101   20,689 18,043
Total expenses                           31,902   32,966 30,044
Income before income taxes                           (15,748)   (27,595) (21,153)
Intersegment Eliminations [Member]                                  
Revenue:                                  
Net investment income (loss)                           (533)   (897) (1,174)
Other                           (7,823)   (6,607) (6,859)
Total revenue                           (8,356)   (7,504) (8,033)
Expenses:                                  
Depreciation and amortization                           (608)   (370) (402)
Other operating expenses                           (7,748)   (7,134) (7,631)
Total expenses                           $ (8,356)   $ (7,504) $ (8,033)