• Filing Date: 2018-03-07
  • Form Type: 10-K
  • Description: Annual report
v3.8.0.1
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, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
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, 2017
Dec. 31, 2016
Dec. 15, 2016
Dec. 31, 2015
Revenue:                                  
Net premiums earned   $ 55,771 $ 43,964 $ 61,847 $ 63,036 $ 63,352 $ 63,300 $ 58,528 $ 58,447 $ 61,626 $ 62,765 $ 76,387 $ 81,728 $ 224,618 $ 243,627   $ 282,506
Net investment income (loss)                           11,439 9,087   3,978
Net realized investment (losses) gains                           4,346 2,601   (608)
Net unrealized investment gains                           92      
Net other-than-temporary impairment losses                           (1,467) (2,482)   (4,681)
Policy fee income                           3,622 3,914   3,496
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                           1,756 1,470   1,261
Total revenue   61,623 47,490 67,580 67,713 72,371 69,808 61,520 60,747 63,412 61,262 79,068 82,210 244,406 264,446   285,952
Expenses:                                  
Losses and loss adjustment expenses   23,204 89,231 27,665 25,529 45,406 25,909 26,272 27,080 21,420 26,200 20,565 19,039 165,629 124,667   87,224
Amortization of deferred policy acquisition costs                           35,663 37,868   36,224
Interest expense   4,439 4,408 4,378 3,542 2,967 2,672 2,611 2,829 2,716 2,698 2,679 2,661 16,767 11,079   10,754
Loss on repurchases of senior notes                           743      
Depreciation and amortization                           1,238 1,272   1,338
Other operating expenses                           39,990 42,704   44,220
Total operating expenses                           260,030 217,590   179,760
Income (loss) before income taxes   $ 16,947 $ (66,018) $ 14,305 $ 19,142 $ 5,901 $ 20,029 $ 11,229 $ 9,697 $ 17,625 $ 11,938 $ 35,583 $ 41,046 (15,624) 46,856   106,192
Operating Segments [Member] | Insurance Operations [Member]                                  
Revenue:                                  
Net premiums earned                           224,618 243,627   282,506
Net investment income (loss)                           9,898 8,440   6,841
Net realized investment (losses) gains                           3,978 2,450   (716)
Net other-than-temporary impairment losses                           (1,258) (2,467)   (4,606)
Policy fee income                           3,622 3,914   3,496
Other                           693 684   564
Total revenue                           241,551 256,648   288,085
Expenses:                                  
Losses and loss adjustment expenses                           165,629 124,667   87,224
Amortization of deferred policy acquisition costs                           35,663 37,868   36,224
Depreciation and amortization                           128 158   185
Other operating expenses                           27,547 31,351   30,665
Total operating expenses                           228,967 194,044   154,298
Income (loss) before income taxes                           12,584 62,604   133,787
Total revenue from non-affiliates                           241,551 256,648   288,085
Operating Segments [Member] | Real Estate Operations [Member]                                  
Revenue:                                  
Net investment income (loss)                           6 18   5
Gain on bargain purchase                             2,071    
Gain on remeasurement of previously held interest                             4,005    
Other                           7,046 4,505   4,095
Total revenue                           7,052 10,599   4,100
Expenses:                                  
Interest expense                           1,250 561   15
Depreciation and amortization                           2,121 814   603
Other operating expenses                           4,022 2,921   2,822
Total operating expenses                           7,393 4,296   3,440
Income (loss) before income taxes                           (341) 6,303   660
Total revenue from non-affiliates                           5,525 9,072   2,612
Operating Segments [Member] | Corporate and Other [Member]                                  
Revenue:                                  
Net investment income (loss)                           2,974 1,162   (1,971)
Net realized investment (losses) gains                           368 151   108
Net unrealized investment gains                           92      
Net other-than-temporary impairment losses                           (209) (15)   (75)
Gain on repurchases of convertible senior notes                             153    
Other                           4,417 4,104   3,209
Total revenue                           7,642 5,555   1,271
Expenses:                                  
Interest expense                           15,704 10,518   10,739
Loss on repurchases of senior notes                           743      
Depreciation and amortization                           939 908   920
Other operating expenses                           18,123 16,180   17,867
Total operating expenses                           35,509 27,606   29,526
Income (loss) before income taxes                           (27,867) (22,051)   (28,255)
Total revenue from non-affiliates                           6,958 5,470   1,104
Intersegment Eliminations [Member]                                  
Revenue:                                  
Net investment income (loss)                           (1,439) (533)   (897)
Other                           (10,400) (7,823)   (6,607)
Total revenue                           (11,839) (8,356)   (7,504)
Expenses:                                  
Interest expense                           (187)      
Depreciation and amortization                           (1,950) (608)   (370)
Other operating expenses                           (9,702) (7,748)   (7,134)
Total operating expenses                           $ (11,839) $ (8,356)   $ (7,504)