• Filing Date: 2020-03-23
  • Form Type: 10-K
  • Description: Annual report
v3.20.1
Schedule II - Condensed Statement of Cash - Parent Company Only (Details) - 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, 2019
Dec. 31, 2018
Operating activities                    
Net loss $ 61 $ (15) $ (205) $ (146) $ (6,455) $ (6,455) $ 265 $ (211) $ (305) $ (5,749)
Adjustments to reconcile net loss to net cash used in operating activities:                    
Stock-based compensation                 36 126
Net amortization of premiums on investments in fixed-maturity securities                 0 (7)
Depreciation                 10 18
Net realized investment losses                 (3) 255
Change in operating assets and liabilities:                    
Accrued interest and dividend receivable                 3 24
Prepayment and other receivables                 (5) 42
Accounts payable and other liabilities                 140 33
Net cash used in operating activities                 4,371 6,633
Investing activities                    
Purchase of property and equipment                 (1) 0
Net cash provided by investing activities                 488 5,045
Net change in cash and cash equivalents                 (3,283) 412
Cash and cash equivalents at beginning of period       8,074         8,074  
Cash and cash equivalents at end of period 5,962       8,074       5,962 8,074
Parent Company                    
Operating activities                    
Net loss                 (305) (5,749)
Adjustments to reconcile net loss to net cash used in operating activities:                    
Equity in loss of subsidiaries                 732 6,002
Stock-based compensation                 36 126
Net amortization of premiums on investments in fixed-maturity securities                 0 7
Depreciation                 10 18
Net realized investment losses                 0 237
Change in operating assets and liabilities:                    
Accrued interest and dividend receivable                 (4) 35
Due from subsidiary                 (340) (197)
Prepayment and other receivables                 (9) 42
Accounts payable and other liabilities                 (8) 26
Net cash used in operating activities                 87 547
Investing activities                    
Investment in subsidiary                 0 (5,535)
Purchase of available for sale securities                 (505) (7,939)
Proceeds from sale of available for sale securities                 0 12,550
Purchase of property and equipment                 (1) 0
Net cash provided by investing activities                 (506) (924)
Net change in cash and cash equivalents                 (419) (377)
Cash and cash equivalents at beginning of period       $ 3,874       $ 4,251 3,874 4,251
Cash and cash equivalents at end of period $ 3,455       $ 3,874       $ 3,455 $ 3,874