Acquisitions

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Acquisitions

Acquisitions / Dispositions

In February 2016, the Company acquired an 85% ownership interest for $42.3 million in a company engaged in the distribution of promotional merchandise. The fair value of the assets acquired and liabilities assumed have been estimated based on a third party valuation.

In July 2016, the Company acquired a specialty property and casualty insurance company for $15.5 million.

The following table summarizes the estimated fair value of net assets acquired and liabilities assumed for the business combinations completed in 2016:

(In thousands)	2016
Investments	$	6,764
Cash and cash equivalents	4,202
Real estate, furniture and equipment	701
Goodwill	12,281
Premium and service fee receivable	4,399
Other assets (1)	37,981
Total assets acquired	$	66,328
Other liabilities assumed	(5,395		)
Non controlling interest	(3,280		)
Net assets acquired	$	57,653