• Filing Date: 2019-03-08
  • Form Type: 10-K
  • Description: Annual report
v3.10.0.1
Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Detail) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Aug. 16, 2016
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
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, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 15, 2016
Revenue:                                  
Net premiums earned   $ 52,758 $ 54,177 $ 52,965 $ 53,522 $ 55,771 $ 43,964 $ 61,847 $ 63,036 $ 63,352 $ 63,300 $ 58,528 $ 58,447 $ 213,422 $ 224,618 $ 243,627  
Net investment income (loss)                           16,581 11,439 9,087  
Net realized investment (losses) gains                           6,183 4,346 2,601  
Net unrealized investment (losses) gains                           (10,202) 92    
Net other-than-temporary impairment losses                           (80) (1,467) (2,482)  
Policy fee income                           3,389 3,622 3,914  
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                           1,999 1,756 1,470  
Total revenue   52,997 61,743 58,813 57,739 61,623 47,490 67,580 67,713 72,371 69,808 61,520 60,747 231,292 244,406 264,446  
Expenses:                                  
Losses and loss adjustment expenses   42,101 25,769 21,803 19,655 23,204 89,231 27,665 25,529 45,406 25,909 26,272 27,080 109,328 165,629 124,667  
Amortization of deferred policy acquisition costs                           35,204 35,663 37,868  
Interest expense   4,569 4,552 4,505 4,470 4,439 4,408 4,378 3,542 2,967 2,672 2,611 2,829 18,096 16,767 11,079  
Loss on repurchases of senior notes                             743    
Depreciation and amortization                           1,369 1,238 1,272  
Other                           40,393 39,990 42,704  
Total operating expenses   64,342 49,820 47,293 42,935 44,676 113,508 53,275 48,571 66,470 49,779 50,291 51,050 204,390 260,030 217,590  
Income (loss) before income taxes   $ (11,345) $ 11,923 $ 11,520 $ 14,804 $ 16,947 $ (66,018) $ 14,305 $ 19,142 $ 5,901 $ 20,029 $ 11,229 $ 9,697 26,902 (15,624) 46,856  
Operating Segments [Member] | Insurance Operations [Member]                                  
Revenue:                                  
Net premiums earned                           213,422 224,618 243,627  
Net investment income (loss)                           10,862 9,898 8,440  
Net realized investment (losses) gains                           4,639 3,978 2,450  
Net unrealized investment (losses) gains                           (8,688)      
Net other-than-temporary impairment losses                           0 (1,258) (2,467)  
Policy fee income                           3,389 3,622 3,914  
Other                           583 693 684  
Total revenue                           224,207 241,551 256,648  
Expenses:                                  
Losses and loss adjustment expenses                           109,328 165,629 124,667  
Amortization of deferred policy acquisition costs                           35,204 35,663 37,868  
Interest expense                           1      
Depreciation and amortization                           125 128 158  
Other                           25,797 27,547 31,351  
Total operating expenses                           170,455 228,967 194,044  
Income (loss) before income taxes                           53,752 12,584 62,604  
Total revenue from non-affiliates                           224,207 241,551 256,648  
Operating Segments [Member] | Real Estate Operations [Member]                                  
Revenue:                                  
Net investment income (loss)                           1 6 18  
Gain on bargain purchase                               2,071  
Gain on remeasurement of previously held interest                               4,005  
Other                           9,324 7,046 4,505  
Total revenue                           9,325 7,052 10,599  
Expenses:                                  
Interest expense                           1,568 1,250 561  
Depreciation and amortization                           2,373 2,121 814  
Other                           4,254 4,022 2,921  
Total operating expenses                           8,195 7,393 4,296  
Income (loss) before income taxes                           1,130 (341) 6,303  
Total revenue from non-affiliates                           7,718 5,525 9,072  
Operating Segments [Member] | Corporate and Other [Member]                                  
Revenue:                                  
Net investment income (loss)                           5,554 2,974 1,162  
Net realized investment (losses) gains                           1,544 368 151  
Net unrealized investment (losses) gains                           (1,514) 92    
Net other-than-temporary impairment losses                           (80) (209) (15)  
Gain on repurchases of convertible senior notes                               153  
Other                           4,999 4,417 4,104  
Total revenue                           10,503 7,642 5,555  
Expenses:                                  
Interest expense                           17,008 15,704 10,518  
Loss on repurchases of senior notes                             743    
Depreciation and amortization                           1,011 939 908  
Other                           20,464 18,123 16,180  
Total operating expenses                           38,483 35,509 27,606  
Income (loss) before income taxes                           (27,980) (27,867) (22,051)  
Total revenue from non-affiliates                           9,331 6,958 5,470  
Intersegment Eliminations [Member]                                  
Revenue:                                  
Net investment income (loss)                           164 (1,439) (533)  
Other                           (12,907) (10,400) (7,823)  
Total revenue                           (12,743) (11,839) (8,356)  
Expenses:                                  
Interest expense                           (481) (187)    
Depreciation and amortization                           (2,140) (1,950) (608)  
Other                           (10,122) (9,702) (7,748)  
Total operating expenses                           $ (12,743) $ (11,839) $ (8,356)