Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Schedule of disposal groups, including discontinued operations, balance sheet, income statement disclosures

The assets and liabilities that are classified as held for sale as of September 30, 2019 and December 31, 2018 comprise:

	September 30, 2019		December 31, 2018
ASSETS
Fixed maturities, available-for-sale, at fair value	$	—	$	63,560
Restricted cash and cash equivalents	—		6,113
Other assets	—		33,955
Total assets held for sale	$	—	$	103,628
LIABILITIES
Reserve for loss and loss adjustment expenses	$	—	$	6,363
Accrued expenses and other liabilities	—		78,751
Total liabilities held for sale	$	—	$	85,114

The following table summarizes the major classes of items constituting the results from discontinued operations for the three and nine months ended September 30, 2019 and 2018, respectively, presented in the Condensed Consolidated Statements of Income:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2019			2018			2019			2018
Gross premiums written	$	—		$	130,200		$	—		$	492,222
Net premiums written	$	—		$	128,398		$	—		$	479,640
Net premiums earned	$	—		$	170,579		$	—		$	502,156
Other revenue	—			—			62			—
Net investment income	—			9,675			—			29,729
Net loss and loss adjustment expenses	—			(129,414		)	6,363			(371,085		)
Commission and other acquisition expenses	—			(44,158		)	—			(122,109		)
General and administrative expenses	(351		)	(10,658		)	(2,183		)	(19,651		)
Amortization of intangible assets	—			(462		)	—			(1,386		)
(Loss) income from discontinued operations before income tax	(351		)	(4,438		)	4,242			17,654
Loss on disposal of discontinued operations	—			(66,697		)	(25,474		)	(66,697		)
Income tax benefit (expense)	74			11,316			(1,095		)	7,434
Loss from discontinued operations, net of income tax	$	(277	)	$	(59,819	)	$	(22,327	)	$	(41,609	)