• Filing Date: 2020-03-06
  • Form Type: 10-K
  • Description: Annual report
v3.19.3.a.u2
Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
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, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue:                              
Net premiums earned $ 58,698 $ 54,434 $ 51,998 $ 51,184 $ 52,758 $ 54,177 $ 52,965 $ 53,522 $ 55,771 $ 43,964 $ 61,847 $ 63,036 $ 216,314 $ 213,422 $ 224,618
Net investment income                         13,642 16,581 11,439
Net realized investment gains (losses)                         (254) 6,183 4,346
Net unrealized investment gains                         7,950 (10,202) 92
Net other-than-temporary impairment losses                         (289) (80) (1,467)
Policy fee income                         3,229 3,389 3,622
Other                         1,882 1,999 1,756
Total revenue 63,231 59,979 58,630 60,634 52,997 61,743 58,813 57,739 61,623 47,490 67,580 67,713 242,474 231,292 244,406
Expenses:                              
Losses and loss adjustment expenses 28,898 27,327 24,293 26,996 42,101 25,769 21,803 19,655 23,204 89,231 27,665 25,529 107,514 109,328 165,629
Amortization of deferred policy acquisition costs                         37,146 35,204 35,663
Interest expense 2,927 2,907 2,884 4,337 4,569 4,552 4,505 4,470 4,439 4,408 4,378 3,542 13,055 18,096 16,767
Loss on repurchases of senior notes                             743
Depreciation and amortization                         1,550 1,369 1,238
Other                         47,116 40,393 39,990
Total operating expenses 54,455 52,260 48,315 51,351 64,342 49,820 47,293 42,935 44,676 113,508 53,275 48,571 206,381 204,390 260,030
Income (loss) before income taxes $ 8,776 $ 7,719 $ 10,315 $ 9,283 $ (11,345) $ 11,923 $ 11,520 $ 14,804 $ 16,947 $ (66,018) $ 14,305 $ 19,142 36,093 26,902 (15,624)
Operating Segments [Member] | Insurance Operations [Member]                              
Revenue:                              
Net premiums earned                         216,314 213,422 224,618
Net investment income                         12,230 10,862 9,898
Net realized investment gains (losses)                         286 4,639 3,978
Net unrealized investment gains                         6,565 (8,688)  
Net other-than-temporary impairment losses                         (289)   (1,258)
Policy fee income                         3,229 3,389 3,622
Other                         762 583 693
Total revenue                         239,097 224,207 241,551
Expenses:                              
Losses and loss adjustment expenses                         107,514 109,328 165,629
Amortization of deferred policy acquisition costs                         37,146 35,204 35,663
Interest expense                         2 1  
Depreciation and amortization                         113 125 128
Other                         30,590 25,797 27,547
Total operating expenses                         175,365 170,455 228,967
Income (loss) before income taxes                         63,732 53,752 12,584
Total revenue from non-affiliates                         239,097 224,207 241,551
Operating Segments [Member] | Real Estate Operations [Member]                              
Revenue:                              
Net investment income                         1 1 6
Other                         9,366 9,324 7,046
Total revenue                         9,367 9,325 7,052
Expenses:                              
Interest expense                         1,653 1,568 1,250
Depreciation and amortization                         2,542 2,373 2,121
Other                         5,168 4,254 4,022
Total operating expenses                         9,363 8,195 7,393
Income (loss) before income taxes                         4 1,130 (341)
Total revenue from non-affiliates                         7,738 7,718 5,525
Operating Segments [Member] | Corporate and Other [Member]                              
Revenue:                              
Net investment income                         2,348 5,554 2,974
Net realized investment gains (losses)                         (540) 1,544 368
Net unrealized investment gains                         1,385 (1,514) 92
Net other-than-temporary impairment losses                           (80) (209)
Other                         5,738 4,999 4,417
Total revenue                         8,931 10,503 7,642
Expenses:                              
Interest expense                         12,043 17,008 15,704
Loss on repurchases of senior notes                             743
Depreciation and amortization                         1,285 1,011 939
Other                         23,246 20,464 18,123
Total operating expenses                         36,574 38,483 35,509
Income (loss) before income taxes                         (27,643) (27,980) (27,867)
Total revenue from non-affiliates                         7,176 9,331 6,958
Intersegment Eliminations [Member]                              
Revenue:                              
Net investment income                         (937) 164 (1,439)
Other                         (13,984) (12,907) (10,400)
Total revenue                         (14,921) (12,743) (11,839)
Expenses:                              
Interest expense                         (643) (481) (187)
Depreciation and amortization                         (2,390) (2,140) (1,950)
Other                         (11,888) (10,122) (9,702)
Total operating expenses                         $ (14,921) $ (12,743) $ (11,839)