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Merger And Business Combinations (Tables)
9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

 

The fair value of the assets acquired and liabilities assumed and the allocation of the purchase price on the acquisition date are summarized in the table below:

 

amounts in thousands

 

 

 

 

Consideration paid

 

$

40,492

 

 

 

 

 

 

Assets

 

 

 

 

Investments

 

 

45,182

 

Cash and Cash Equivalents

 

 

18,109

 

Prepaid Reinsurance Premiums

 

 

2,701

 

Reinsurance Recoverables on Paid Losses

 

 

1,311

 

Reinsurance Recoverables on Unpaid Losses and LAE

 

 

15,769

 

Other Assets

 

 

19,943

 

 

 

 

 

 

Fair Value of Identifiable Intangible Assets

 

 

9,000

 

 

 

 

 

 

    Total Assets Acquired

 

$

112,015

 

 

 

 

 

 

Liabilities

 

 

 

 

Reserves for Losses and LAE

 

 

31,928

 

Unearned Premiums

 

 

11,139

 

Deferred Income Tax

 

 

8,947

 

Accounts Payable and Other Liabilities

 

 

32,212

 

    Total Liabilities Assumed

 

$

84,226

 

 

 

 

 

 

Goodwill

 

$

12,703