Atlas financial holdings, inc. (AFHBL)
Balance Sheet / TTM
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11
Assets
Investments [Abstract]
Fixed income securities, available for sale, at fair value (amortized cost $77,424 and $133,213)

78,363

92,383

121,547

129,991

127,937

138,182

149,251

157,984

169,296

153,826

154,179

156,487

167,629

184,572

189,782

183,773

189,257

193,775

169,713

126,949

127,109

126,287

128,785

128,585

129,766

118,158

118,681

98,079

109,555

104,622

108,422

103,491

Equity securities, at fair value (cost $0 and $5,650)

1

4

5,109

5,929

6,030

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities, at fair value, changes in net income (cost $6,966)

1

4

5,109

5,929

6,030

6,463

7,315

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities, at fair value (cost $5,650 and $7,969)

-

-

-

-

-

-

-

8,446

5,597

4,841

4,754

6,223

6,391

6,287

6,261

4,240

2,260

2,285

2,848

2,093

1,153

255

298

258

433

375

1,698

1,571

0

1,327

1,356

1,141

Short-term investments, at cost

8,562

15,383

3,924

4,745

4,620

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investments

19,461

21,984

22,177

25,043

29,665

29,063

30,071

31,438

32,682

33,914

32,268

32,181

30,880

27,000

25,064

22,937

-

-

-

14,366

-

-

-

-

-

-

-

-

-

-

-

-

Total investments

106,387

129,754

152,757

165,708

168,252

173,708

186,637

197,868

207,575

192,581

191,201

194,891

204,900

217,899

221,107

210,950

-

-

-

143,408

-

-

-

-

-

-

-

-

-

-

-

-

Other investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,547

15,504

15,080

-

9,137

8,986

3,372

1,234

1,249

1,249

1,185

1,262

-

-

-

0

Total Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

213,064

211,564

187,641

-

137,399

135,528

132,455

130,077

131,448

119,782

121,564

100,912

109,555

105,949

109,778

104,632

Cash and cash equivalents

54,008

54,090

48,354

34,902

49,251

52,707

52,688

45,615

40,173

49,228

35,378

29,888

28,508

22,438

17,299

22,354

21,043

15,958

24,149

36,586

41,816

42,146

10,349

9,811

8,685

25,258

23,770

19,912

12,151

17,592

8,712

23,249

Accrued investment income

455

507

717

749

1,105

1,355

1,362

1,248

1,210

1,656

1,440

1,228

772

918

929

1,036

1,050

1,060

1,024

660

668

666

713

694

735

666

794

517

807

626

839

586

Premiums receivable (net of allowance of $6,454 and $5,115)

68,609

83,009

103,287

88,596

101,361

91,056

101,412

79,664

91,964

95,685

107,845

77,386

81,814

77,483

87,005

82,529

-

-

-

47,385

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance recoverables on amounts paid

9,383

12,145

16,978

12,388

9,661

10,663

9,700

7,982

6,474

6,646

7,429

7,786

6,107

-

-

3,277

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance recoverables on amounts unpaid

79,105

72,229

66,420

68,771

55,085

46,614

52,316

53,402

25,214

27,938

33,223

35,370

22,412

-

-

29,399

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable and other assets (net of allowance of $890 and $560)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88,029

74,661

75,113

-

51,769

39,258

45,135

37,944

38,848

29,459

33,559

21,923

24,811

14,764

12,191

9,579

Reinsurance recoverables on amounts paid

-

-

-

-

-

-

-

-

-

-

-

-

-

7,614

4,357

-

4,077

4,481

3,198

2,230

4,660

4,979

6,527

1,002

-

-

-

339

-

-

-

-

Reinsurance recoverables on amounts unpaid

-

-

-

-

-

-

-

-

-

-

-

-

-

25,691

28,272

-

23,554

26,844

29,156

-

10,676

11,369

11,942

-

-

-

-

-

-

-

-

-

Reinsurance recoverables on amounts unpaid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,421

-

-

-

18,144

-

-

-

5,681

-

-

-

-

Reinsurance recoverables, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,046

23,826

24,606

-

6,983

8,545

8,405

8,044

Prepaid reinsurance premiums

42,615

55,559

43,652

36,898

34,798

24,213

14,993

12,878

13,508

14,002

14,639

13,372

16,299

19,873

19,718

17,412

16,138

11,958

9,128

3,628

3,398

1,543

2,017

2,207

2,637

2,970

4,740

2,111

2,219

1,961

2,104

2,214

Deferred policy acquisition costs

4,815

6,874

7,661

7,309

10,394

13,956

19,753

14,797

16,920

17,228

18,758

13,222

12,705

10,657

11,317

10,235

10,700

10,162

11,201

8,166

-

-

-

6,674

-

-

-

-

-

-

2,788

-

Deferred policy acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,953

7,289

7,540

-

6,699

4,661

4,870

3,764

4,501

2,781

-

3,020

Deferred tax asset, net

-

-

-

-

13,042

14,636

16,101

16,985

16,621

17,327

18,196

18,498

16,608

14,087

15,383

17,166

18,184

17,826

17,393

17,317

11,392

9,670

9,289

9,319

8,611

8,045

6,714

6,605

6,343

6,544

-

6,775

Goodwill, net

-

-

-

-

2,726

2,726

2,726

2,726

2,726

2,726

2,726

2,726

2,726

2,726

2,726

2,726

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Intangible Assets, Net (Excluding Goodwill)

3,462

3,560

3,657

3,755

3,853

3,950

4,048

4,145

4,243

4,340

4,438

4,535

4,633

4,730

4,828

4,925

5,916

5,916

5,916

740

740

740

740

740

740

740

740

0

-

-

-

-

Deferred tax asset, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,756

-

Property and equipment, net

30,730

31,603

31,663

31,363

30,328

28,356

27,000

24,439

17,536

12,680

11,610

11,770

2,593

2,362

2,438

2,589

2,693

2,886

2,683

2,819

2,683

2,828

2,698

2,500

2,265

1,980

2,021

1,137

1,157

1,008

518

440

Other assets

11,099

11,089

9,541

19,899

21,311

19,191

18,718

20,754

6,280

8,429

11,466

12,905

6,987

6,580

7,912

6,694

-

-

-

2,385

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

-

-

-

-

166

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

166

166

166

-

-

-

-

166

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

166

166

166

-

166

166

166

166

166

166

13,634

13,634

Equity Method Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,250

-

-

-

Total assets

410,668

460,419

484,687

470,338

501,167

483,131

507,454

482,503

450,444

450,466

458,349

423,577

407,064

413,058

423,325

411,292

404,614

383,482

366,768

283,911

274,320

256,182

229,571

219,278

223,880

217,553

223,544

163,067

169,943

159,936

165,725

172,173

Liabilities
Claims liabilities

243,966

252,670

264,489

273,496

186,981

187,170

204,742

211,648

114,503

118,989

127,971

139,004

100,319

112,457

121,379

127,011

123,740

126,458

130,440

102,430

98,634

99,305

100,179

101,385

104,046

105,221

105,891

70,067

73,574

77,350

83,902

91,643

Unearned premium reserves

111,936

143,778

148,275

134,040

149,363

145,078

156,453

128,043

141,802

143,271

151,645

113,171

117,809

112,437

118,825

108,202

108,079

93,594

92,718

58,950

62,927

48,876

51,302

44,232

44,779

33,253

37,017

25,457

28,325

17,612

17,493

15,691

Due to reinsurers

9,183

14,214

21,114

15,849

19,153

15,586

10,135

8,411

7,974

8,747

9,486

8,369

6,369

10,928

12,995

10,781

11,065

9,369

7,349

2,456

2,522

2,060

2,564

2,613

2,902

2,554

3,230

3,803

4,658

4,843

5,274

5,701

Notes payable, net

24,423

24,367

24,311

24,255

24,199

24,143

24,087

24,031

23,975

23,935

19,203

19,187

19,170

17,653

17,636

17,219

17,500

18,000

2,000

0

-

-

-

-

7,978

-

-

-

-

-

-

-

Other liabilities and accrued expenses

16,810

19,332

18,996

16,999

19,616

14,932

20,647

19,725

17,793

16,667

17,361

16,504

16,805

16,625

16,149

18,457

-

-

-

10,676

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,045

14,952

16,298

-

10,763

9,786

8,131

7,350

8,600

6,943

7,211

3,876

4,283

3,100

2,598

2,884

Total liabilities

406,318

454,361

477,185

464,639

399,312

386,909

416,064

391,858

306,047

311,609

325,666

296,235

260,472

270,100

286,984

281,670

276,429

262,373

248,805

174,512

174,846

160,027

162,176

155,580

168,305

147,971

153,349

103,203

110,840

102,905

109,267

115,919

Commitments and contingencies

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Shareholders' Equity
Preferred shares, $0.001 par value, 100,000,000 shares authorized, shares issued and outstanding: December 31, 2018 and December 31, 2017 - 0. Liquidation value $1.00 per share

-

-

-

-

-

-

-

-

0

0

0

-

4,000

6,539

6,539

6,941

6,941

6,941

6,941

2,000

2,000

2,000

2,000

2,000

2,000

20,000

20,000

18,000

18,000

18,000

18,000

18,000

Ordinary voting common shares, $0.003 par value, 266,666,667 shares authorized, shares issued: September 30, 2019 - 12,198,319 and December 31, 2018 - 12,192,475; shares outstanding: September 30, 2019 - 11,942,812 and December 31, 2018 - 11,936,970

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

34

35

35

29

28

21

20

20

4

4

4

4

4

Restricted voting common shares, $0.003 par value, 33,333,334 shares authorized, shares issued and outstanding: September 30, 2019 and December 31, 2018 - 0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

4

4

4

14

14

14

-

14

Additional paid-in capital

202,983

202,795

202,608

202,298

201,953

201,668

201,382

201,105

200,134

199,849

199,564

199,244

198,856

198,877

198,489

198,041

197,325

196,902

196,510

196,079

195,853

195,556

170,237

169,595

163,134

160,973

160,703

152,769

152,739

152,713

152,684

152,652

Treasury stock, at cost: 255,505 shares of ordinary common voting shares at September 30, 2019 and December 31, 2018, respectively

3,000

3,000

3,000

3,000

3,000

3,000

3,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retained deficit

-196,697

-194,455

-191,342

-190,503

-93,781

-99,386

-104,629

-110,535

-56,231

-61,356

-66,866

-71,718

-58,157

-64,653

-69,553

-74,364

-78,697

-82,721

-86,657

-88,794

-98,252

-101,745

-104,304

-106,496

-108,673

-110,372

-112,073

-112,676

-113,919

-115,576

-115,706

-115,841

Accumulated other comprehensive income (loss), net of tax

1,028

682

-800

-3,132

-3,353

-3,096

-2,399

39

458

328

-51

-220

1,857

2,159

830

-1,032

320

-49

1,133

80

-162

309

-567

-1,429

-911

-1,043

1,541

1,753

2,265

1,876

1,462

1,425

Stockholders' Equity Attributable to Parent

4,350

6,058

7,502

5,699

101,855

96,222

91,390

90,645

144,397

138,857

132,683

127,342

146,592

142,958

136,341

129,622

125,925

121,109

117,963

109,399

99,474

96,155

67,395

63,698

55,575

69,582

70,195

59,864

59,103

57,031

56,458

56,254

Shareholders' Equity Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,260

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Shareholders Equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

128,185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and shareholders' equity

410,668

460,419

484,687

470,338

501,167

483,131

507,454

482,503

450,444

450,466

458,349

423,577

407,064

413,058

423,325

411,292

404,614

383,482

366,768

283,911

274,320

256,182

229,571

219,278

223,880

217,553

223,544

163,067

169,943

159,936

165,725

172,173