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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Investments held in trust:    
Fixed-maturity securities $ 3,660 $ 76,831
Cash equivalents held in trust 4,199 2,176
Total investments held in trust 5,717 31,382
Cash and cash equivalents 26,709 2,491
Restricted cash 578,936 573,347
Derivative asset - embedded conversion feature   80,651
Accrued investment income 59 187
Other assets 558 507
Total assets 614,121 736,190
Liabilities:    
Notes payable - principal   18,774
Notes payable - interest   203
Losses and loss adjustment reserves 474 811
Losses payable   53
Unearned premiums 39 270
Accrued ceding commissions   22
Loss contract reserve   5,645
Other liabilities 16,303 14,063
Total liabilities 16,816 39,841
Commitments and contingencies
Redeemable convertible series B preferred stock, $0.00001 par value; 600,000 shares issued and outstanding as of December 31, 2017 and December 31, 2016; aggregate liquidation preference of $600,000,000 as of December 31, 2017 and December 31, 2016 503,713 502,213
Stockholders’ equity:    
Common stock, $0.00001 par value; 3,500,000,000 authorized; 206,714,132 and 206,380,800 shares issued and outstanding as of December 31, 2017 and December 31, 2016, respectively 2 2
Additional paid-in capital 39 108,415
Retained earnings 93,551 85,719
Total stockholders’ equity 93,592 194,136
Total liabilities, redeemable convertible preferred stock and stockholders’ equity 614,121 736,190
Convertible Series A Preferred Stock [Member]    
Stockholders’ equity:    
Convertible preferred stock value
Fixed-Maturity Securities Held in Trust [Member]    
Investments held in trust:    
Fixed-maturity securities 1,518 29,206
Unrestricted Fixed-Maturity Securities [Member]    
Investments held in trust:    
Fixed-maturity securities $ 2,142 $ 47,625