XML 34 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES
12 Months Ended
Dec. 31, 2017
INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES [Abstract]  
INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES

NOTE 6. INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES

 

The Avon-Dixon Agency, LLC (“Avon-Dixon”), a wholly-owned insurance subsidiary of the Company, owns a 40% interest in a segregated portfolio of Eastern Re Ltd., SPC (“Eastern”), a specialty reinsurance company. This investment is measured using the equity method and is carried at cost, adjusted for Avon-Dixon’s equity ownership in Eastern’s net income or loss. At December 31, 2017 and 2016, the carrying value of the investment in Eastern was $789 thousand and $361 thousand, respectively. During 2017 and 2016, income recognized from the investment in Eastern was $428 thousand and $41 thousand, respectively.