• Filing Date: 2020-03-23
  • Form Type: 10-K
  • Description: Annual report
v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $991) $ 0 $ 993
Equity securities, at fair value (cost of $210 in 2018) 692 162
Total investments 692 1,155
Cash and cash equivalents 5,962 8,074
Restricted cash and cash equivalents 2,054 3,225
Accrued interest and dividend receivable 12 15
Premiums receivable 506 0
Deferred policy acquisition costs 48 0
Operating lease right-of-use assets 133 0
Prepayment and other assets 79 74
Property and equipment, net 9 18
Total assets 9,495 12,561
Liabilities:    
Reserve for losses and loss adjustment expenses 0 4,108
Notes payable to noteholders 600 0
Unearned premiums reserve 440 0
Operating lease liabilities 133 0
Accounts payable and other liabilities 279 139
Total liabilities 1,452 4,247
Shareholders' equity:    
Ordinary share capital, (par value $0.001, 50,000,000 shares authorized; 5,733,587 shares issued and outstanding) 6 6
Additional paid-in capital 32,262 32,226
Accumulated Deficit (24,225) (23,920)
Accumulated other comprehensive income 0 2
Total shareholders' equity 8,043 8,314
Total liabilities and shareholders' equity $ 9,495 $ 12,561