• Filing Date: 2020-03-23
  • Form Type: 10-K
  • Description: Annual report
v3.20.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue    
Assumed premiums $ 1,057 $ 2,361
Change in loss experience refund payable 0 (225)
Change in unearned premiums reserve (440) 592
Net premiums earned 617 2,728
Net income from derivatives 0 997
Net investment and other income 230 366
Net realized investment gain (loss) 3 (255)
Change in fair value of equity securities 25 (26)
Net gain (loss) on commutation 106 (8)
Total revenue 981 3,802
Expenses    
Losses and loss adjustment expenses 0 10,006
Policy acquisition costs and underwriting expenses 64 263
General and administrative expenses 1,067 1,282
Total expenses 1,131 11,551
Loss before (income) loss attributable to noteholders (150) (7,749)
(Income) loss attributable to noteholders (155) 2,000
Net loss $ (305) $ (5,749)
Basic loss per share $ (0.05) $ (1.00)
Diluted loss per share $ (0.05) $ (1.00)
Weighted-average shares outstanding basic and diluted 5,733,587 5,733,587
Dividends paid per share $ 0.00 $ 0.00