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Stockholders Equity (Tables)
12 Months Ended
Dec. 31, 2018
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.

 

 

Years Ended December 31,

 

amounts in thousands

 

2018

 

 

2017

 

 

2016

 

Beginning Balance

 

 

29,507

 

 

 

29,124

 

 

 

28,862

 

Net Vested Stock Grants

 

 

230

 

 

 

343

 

 

 

220

 

Employee Stock Purchase Plan

 

 

45

 

 

 

40

 

 

 

42

 

Ending Balance

 

 

29,782

 

 

 

29,507

 

 

 

29,124

 

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, 2018 and 2017 are presented in the following table:

 

 

 

As of December 31,

 

amounts in thousands

 

2018

 

 

2017

 

Restricted Net Assets:

 

 

 

 

 

 

 

 

NIC and NSIC:

 

 

 

 

 

 

 

 

Fixed Maturities at Fair Value (Amortized Cost: 2018, $9,890; 2017, $9,856)

 

$

10,441

 

 

$

10,655

 

Cash (1)

 

 

6,074

 

 

 

3,118

 

Total NIC and NSIC (2)

 

$

16,515

 

 

$

13,773

 

NHUK:

 

 

 

 

 

 

 

 

Fixed Maturities at Fair Value (Amortized Cost: 2018, $481,501; 2017, $472,701)

 

$

474,128

 

 

$

471,831

 

Other Invested Assets (1)

 

 

46,528

 

 

 

28,767

 

Cash (1)

 

 

60,233

 

 

 

53,111

 

Total NHUK (3)

 

$

580,889

 

 

$

553,709

 

All other Entities:

 

 

 

 

 

 

 

 

Cash

 

$

13

 

 

$

 

Total All other Entities

 

$

13

 

 

$

 

Total Restricted Net Assets

 

$

597,417

 

 

$

567,482

 

 

(1) - Cash and overseas deposits that were misclassified within Short-Term Investments prior to 2018 were reclassified, representing an immaterial correction. Refer to Note 1 Organization & Summary of Significant Accounting Policies for further information.

(2) - 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, 2018 and 2017, as presented in the table above, is held in various collateral accounts to support underwriting activities.  

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