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Stockholders Equity (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Changes in Company's Issued and Outstanding Common Shares

The following table represents changes in our Company’s issued and outstanding common shares for the periods indicated. We completed a two-for-one stock split on January 20, 2017. All share and per share data prior to January 20, 2017 has been retroactively restated on a post-split basis.

 

 

Years Ended December 31,

 

amounts in thousands

 

2017

 

 

2016

 

 

2015

 

Beginning Balance

 

 

29,124

 

 

 

28,862

 

 

 

28,562

 

Net Vested Stock Grants

 

 

343

 

 

 

220

 

 

 

254

 

Employee Stock Purchase Plan

 

 

40

 

 

 

42

 

 

 

42

 

Stock Options Exercised

 

 

 

 

 

 

 

 

4

 

Ending Balance

 

 

29,507

 

 

 

29,124

 

 

 

28,862

 

 

Amount and Nature of Net Assets Restricted from Payment of Dividends

The amount and nature of net assets that are restricted from payment of dividends as of December 31, 2017 and 2016 are presented in the following table:

 

 

 

As of December 31,

 

amounts in thousands

 

2017

 

 

2016

 

Restricted Net Assets:

 

 

 

 

 

 

 

 

NIC and NSIC:

 

 

 

 

 

 

 

 

Fixed Maturities at Fair Value (Amortized Cost: 2017, $9,856; 2016, $9,820)

 

$

10,655

 

 

$

10,690

 

Short Term Investments, at Fair Value

 

 

290

 

 

 

290

 

Cash

 

 

1,242

 

 

 

7,168

 

Total NIC and NSIC (1)

 

$

12,187

 

 

$

18,148

 

NHUK:

 

 

 

 

 

 

 

 

Fixed Maturities at Fair Value (Amortized Cost: 2017, $472,701; 2016, $457,225)

 

$

471,831

 

 

$

452,053

 

Short Term Investments, at Fair Value

 

 

83,778

 

 

 

63,729

 

Total NHUK (2)

 

$

555,609

 

 

$

515,782

 

Total Restricted Net Assets

 

$

567,796

 

 

$

533,930

 

 

(1) - The restricted net assets for NIC and NSIC primarily consist of fixed maturities on deposit with various state insurance departments.  The cash as of December 31, 2017 and 2016, as presented in the table above, was on deposit with a U.K. bank to comply with the regulatory requirements of the Prudential Regulation Authority for the underwriting activities of the U.K. Branch.  

(2) - The restricted net assets for NHUK consists of fixed maturities and cash held in trust for the benefit of syndicate policyholders and short term investments primarily consisting of overseas deposits in various countries with Lloyd's to support underwriting activities in those countries.