• Filing Date: 2019-03-08
  • Form Type: 10-K
  • Description: Annual report
v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $184,670 and $235,633, respectively) $ 182,723 $ 237,484
Equity securities, at fair value (cost: $45,671 and $54,282, respectively) 41,143 59,956
Short-term investments, at fair value 66,479
Limited partnership investments, at equity 32,293 23,184
Investment in unconsolidated joint venture, at equity 845 1,304
Assets held for sale 9,810
Real estate investments (Note 5 — Consolidated Variable Interest Entity) 54,490 58,358
Total investments 387,783 380,286
Cash and cash equivalents 239,458 255,884
Restricted cash 700 809
Accrued interest and dividends receivable 1,792 1,983
Income taxes receivable 971 16,192
Premiums receivable 16,667 17,807
Prepaid reinsurance premiums 17,932 22,286
Reinsurance recoverable:    
Paid losses and loss adjustment expenses 11,151 2,344
Unpaid losses and loss adjustment expenses 112,760 100,760
Deferred policy acquisition costs 16,507 16,712
Property and equipment, net 13,338 12,465
Intangible assets, net 4,800 4,995
Other assets (Note 5 — Consolidated Variable Interest Entity) 9,004 9,741
Total assets 832,863 842,264
Liabilities and Stockholders' Equity    
Losses and loss adjustment expenses 207,586 198,578
Unearned premiums 157,729 164,896
Advance premiums 6,192 4,948
Assumed reinsurance balances payable 14 15
Accrued expenses (Note 5 — Consolidated Variable Interest Entity) 6,483 6,035
Reinsurance recovered in advance on unpaid losses 13,885
Deferred income taxes, net 1,068 1,890
Long-term debt 250,150 237,835
Other liabilities (Note 5 — Consolidated Variable Interest Entity) 22,200 20,207
Total liabilities 651,422 648,289
Commitments and contingencies (Note 23)
Stockholders' equity:    
Preferred stock
Common stock (no par value, 40,000,000 shares authorized, 8,356,730 and 8,762,416 shares issued and outstanding in 2018 and 2017, respectively)
Additional paid-in capital
Retained income 182,894 189,409
Accumulated other comprehensive (loss) income, net of taxes (1,453) 4,566
Total stockholders' equity 181,441 193,975
Total liabilities and stockholders' equity (or members' capital) 832,863 842,264
7% Series A Cumulative Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock