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VARIABLE INTEREST ENTITY
 12 Months Ended
Dec. 31, 2016
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,



 

2016

 

2015

ASSETS

 

(in thousands)

Investments

 

 

 

 

 

 

Debt securities, available-for-sale, at amortized cost

 

$

 27,100 

 

$

 21,312 

Equity securities, available-for-sale, at fair value

 

 

 1,604 

 

 

 1,358 

Total investments

 

 

 28,704 

 

 

 22,670 



 

 

 

 

 

 

Cash and cash equivalents

 

 

 15,668 

 

 

 14,616 

Prepaid reinsurance premiums

 

 

 1,070 

 

 

 34 

Premiums receivable, net

 

 

 1,584 

 

 

 355 

Other assets

 

 

 1,910 

 

 

 1,037 

Total assets

 

$

 48,936 

 

$

 38,712 



 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

Loss and loss adjustment expense reserves

 

$

 1,659 

 

$

 237 

Unearned premiums

 

 

 8,406 

 

 

 1,448 

Reinsurance payable

 

 

 864 

 

 

 —

Debt

 

 

 4,909 

 

 

 4,887 

Income taxes payable

 

 

 —

 

 

 8 

Other liabilities

 

 

 1,026 

 

 

 374 

Total liabilities

 

$

 16,864 

 

$

 6,954