Consolidated Statements of Financial Position (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Investments, available for sale    
Fixed income securities, at fair value (amortized cost $126,701 and $130,751) $ 126,949 $ 128,585
Equity securities, at fair value (cost $2,220 and $258) 2,093 258
Other investments 14,366 1,234
Total Investments 143,408 130,077
Cash and cash equivalents 36,586 9,811
Accrued investment income 660 694
Accounts receivable and other assets (net of allowance of $560 and $776) 49,770 37,944
Reinsurance recoverables on amounts paid 18,421 18,144
Reinsurance recoverables on amounts unpaid 2,230 1,002
Prepaid reinsurance premiums 3,628 2,207
Deferred policy acquisition costs 8,166 6,674
Deferred tax asset, net 17,317 9,319
Intangible assets 740 740
Software and office equipment, net 2,819 2,500
Assets held for sale 166 166
Total Assets 283,911 219,278
Liabilities    
Claims liabilities 102,430 101,385
Unearned premiums 58,950 44,232
Due to reinsurers and other insurers 2,456 2,613
Other liabilities and accrued expenses 10,676 7,350
Total Liabilities 174,512 155,580
Shareholders’ Equity    
Preferred shares, par value per share $0.001, 100,000,000 shares authorized, 2,000,000 shares issued and outstanding at December 31, 2014 and December 31, 2013. Liquidation value $1.00 per share 2,000 2,000
Ordinary voting common shares, par value per share $0.003, 266,666,667 shares authorized, 11,638,723 shares issued and outstanding at December 31, 2014 and 9,291,871 shares issued and outstanding at December 31, 2013 34 28
Restricted voting common shares, par value per share $0.003, 33,333,334 shares authorized, 132,863 shares issued and outstanding at December 31, 2014 and December 31, 2013 0 0
Additional paid-in capital 196,079 169,595
Retained deficit (88,794) (106,496)
Accumulated other comprehensive income (loss), net of tax 80 (1,429)
Total Shareholders’ Equity 109,399 63,698
Total Liabilities and Shareholders’ Equity $ 283,911 $ 219,278