VARIABLE INTEREST ENTITY

12 Months Ended

Dec. 31, 2015

Variable Interest Entity [Abstract]

VARIABLE INTEREST ENTITY

(14) VARIABLE INTEREST ENTITY

The carrying amounts of Monarch Delaware, our consolidated VIE, assets, which can only be used to settle obligations of Monarch Delaware, and liabilities of Monarch Delaware for which creditors do not have recourse are as follows:

	December 31, 2015
ASSETS	(in thousands)
Investments
Debt maturities, held-to-maturity, at amortized cost	$	21,312
Equity securities, available-for-sale, at fair value		1,358
Total investments		22,670
Cash and cash equivalents		14,616
Prepaid reinsurance premiums		34
Premiums receivable, net		355
Deferred income taxes, net		646
Deferred acquisition costs		234
Other assets		270
Total assets	$	38,825
LIABILITIES
Loss and loss adjustment expense reserves	$	237
Unearned premiums		1,448
Debt		5,000
Income taxes payable		8
Other liabilities		374
Total liabilities	$	7,067