Acquisition and Discontinued Operations Summary financial information for Mendota and ARS (Tables)

6 Months Ended

Jun. 30, 2018

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

Summary financial information for Mendota and ARS included in income (loss) from discontinued operations, net of taxes in the consolidated statements of operations for the three and six months ended June 30, 2018 and June 30, 2017 is presented below:

(in thousands)	Three months ended June 30,						Six months ended June 30,
	2018			2017			2018			2017
Income (loss) from discontinued operations, net of taxes:
Revenues:
Net premiums earned	$	22,956		$	33,518		$	51,592		$	66,440
Net investment income (loss)	208			(88		)	434			(145		)
Net realized (losses) gains	(134		)	735			(134		)	1,133
Gain on change in fair value of equity investments	96			—			106			—
Other income	2,445			2,556			4,876			5,027
Total revenues	25,571			36,721			56,874			72,455
Expenses:
Loss and loss adjustment expenses	18,927			26,130			41,728			51,321
Commissions and premium taxes	2,225			5,353			6,388			10,636
General and administrative expenses	3,825			4,880			7,778			10,430
Impairment of intangible assets	—			—			—			250
Total expenses	24,977			36,363			55,894			72,637
Income (loss) from discontinued operations before income tax benefit	594			358			980			(182		)
Income tax benefit	—			—			—			(85		)
Income (loss) from discontinued operations, net of taxes	594			358			980			(97		)
(Loss) gain on disposal of discontinued operations before income tax expense	(6,628		)	1,017			(6,628		)	1,017
Income tax expense	—			—			—			—
(Loss) gain on disposal of discontinued operations, net of taxes	(6,628		)	1,017			(6,628		)	1,017
Total (loss) income from discontinued operations, net of taxes	$	(6,034	)	$	1,375		$	(5,648	)	$	920

The assets and liabilities of Mendota are presented as held for sale in the consolidated balance sheets. The carrying amounts of the major classes of assets and liabilities of Mendota at June 30, 2018 and December 31, 2017 are as follows:

(in thousands)	June 30, 2018		December 31, 2017
Assets
Investments:
Fixed maturities, at fair value	$	42,714	$	38,673
Equity investments, at fair value	3,437		4,405
Total investments	46,151		43,078
Cash and cash equivalents	18,520		23,512
Accrued investment income	239		195
Premiums receivable, net	27,673		27,855
Other receivables	174		603
Reinsurance recoverable	6,509		108
Prepaid reinsurance premiums	13,493		—
Deferred acquisition costs, net	2,048		6,720
Property and equipment, net	162		222
Intangible assets, net	—		7,553
Other assets	138		299
Assets held for sale	$	115,107	$	110,145
Liabilities
Unpaid loss and loss adjustment expenses	$	58,817	$	62,323
Unearned premiums	34,969		36,686
Reinsurance payable	14,869		82
Net deferred income tax liabilities	—		1,586
Accrued expenses and other liabilities	4,211		5,223
Liabilities held for sale	$	112,866	$	105,900