ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following presents (in thousands) the preliminary acquisition date fair values of the net assets acquired related to the Maison Companies as of December 2, 2019:

	December 2,
	2019
Assets:	(In thousands)
Debt securities, available-for-sale	$	56,929
Cash and cash equivalents	35,968
Prepaid reinsurance premium	25,279
Premiums receivable	2,977
Reinsurance recoverable	7,603
Deferred acquisition costs and value of business acquired, net	8,721
Other assets	3,507
Total assets acquired	140,984
Liabilities:
Loss and adjustment expense reserves	16,660
Unearned premiums	50,513
Reinsurance payable	24,071
Income taxes, net	1,778
Deferred revenue	1,515
Other liabilities	7,487
Total liabilities assumed	102,024
Net specifically identifiable assets acquired	38,960
Goodwill	10,997
Net assets acquired	$	49,957

Schedule of Indefinite-lived Intangible Assets Acquired as Part of Business Combination

Identifiable Intangible Assets

The following presents the fair value of identifiable intangible assets acquired as of the acquisition date:

			Weighted-
			Average
	Fair		Amortization
	Value		Period
	(In thousands)		(In years)
Trade name (1)	$	1,800	—
Non-compete agreements	300		2
Insurance licenses (1)	182		—
Total	$	2,282

(1) These intangibles have an indefinite useful life.

The identifiable intangible assets included in other assets on the consolidated balance sheet were:

	As of December 31, 2019
	Gross
	Carrying		Accumulated
	Amount		Amortization
	(In thousands)
Trade name	$	1,800	$	—
Non-competes	300		13
Insurance licenses	182		—
Total	$	2,282	$	13

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Identifiable Intangible Assets

The following presents the fair value of identifiable intangible assets acquired as of the acquisition date:

			Weighted-
			Average
	Fair		Amortization
	Value		Period
	(In thousands)		(In years)
Trade name (1)	$	1,800	—
Non-compete agreements	300		2
Insurance licenses (1)	182		—
Total	$	2,282

(1) These intangibles have an indefinite useful life.

The identifiable intangible assets included in other assets on the consolidated balance sheet were:

	As of December 31, 2019
	Gross
	Carrying		Accumulated
	Amount		Amortization
	(In thousands)
Trade name	$	1,800	$	—
Non-competes	300		13
Insurance licenses	182		—
Total	$	2,282	$	13

Business Acquisition, Pro Forma Information

The following unaudited pro forma condensed consolidated statements of operations of the Company assume that the acquisition of the Maison Companies was completed on January 1, 2018:

	For the Years Ended
	2019		2018
	(In thousands)
Revenue	$	60,904	$	58,376
Net income (loss)	(8,678)		2,504