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Statutory Financial Information
3 Months Ended
Mar. 31, 2015
Statutory Accounting Practices [Abstract]  
Statutory Financial Information
Statutory Financial Information
Wright Flood is required to maintain minimum amounts of statutory capital and surplus of $7.5 million as required by regulatory authorities. Wright Flood’s statutory capital and surplus exceeded their respective minimum statutory requirements. The unaudited statutory capital and surplus of Wright Flood was $11.5 million at March 31, 2015. For the period from January 1, 2015 through March 31, 2015, Wright Flood generated statutory net income of $0.6 million.
Immediately before the acquisition of Wright Flood by the Company, Wright Flood issued and paid an extraordinary dividend of $7.0 million to WRM America Intermediate Holding Company, Inc., the former owner of Wright Flood.  That dividend was issued and paid with the prior approval of the Texas Department of Insurance.