| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||||
Premiums earned: | |||||||||||
Premiums earned (net of ceded premiums of $1 and $1) | |||||||||||
- | - | - | - | 372,000 | 397,000 | 457,000 | 605,000 | 605,000 | - | - | - |
Change in fair value of insured derivatives: | |||||||||||
Realized gains (losses) and other settlements on insured derivatives | |||||||||||
- | - | - | - | - | - | - | - | - | 607,000 | - | - |
Unrealized gains (losses) on insured derivatives | |||||||||||
25,000 | 31,000 | 0 | 21,000 | 157,000 | 903,000 | 1,777,000 | 1,870,000 | -441,000 | -607,000 | 1,650,000 | - |
Net change in fair value of insured derivatives | |||||||||||
- | - | -51,000 | -19,000 | 129,000 | 459,000 | 232,000 | 1,464,000 | -2,812,000 | - | - | - |
Net gains (losses) on financial instruments at fair value and foreign exchange | |||||||||||
- | - | -24,000 | 84,000 | 63,000 | 78,000 | 69,000 | 55,000 | -99,000 | - | - | -530,081 |
Net investment losses related to other-than-temporary impairments: | |||||||||||
Net investment losses related to other-than-temporary impairments | |||||||||||
- | - | 106,000 | 5,000 | 13,000 | 15,000 | - | 105,000 | 101,000 | - | - | - |
Net gains (losses) on extinguishment of debt | |||||||||||
-1,000 | - | 28,000 | 5,000 | -1,000 | 3,000 | 60,000 | - | 26,000 | 60,000 | 269,000 | - |
Other net realized gains (losses) | |||||||||||
- | - | 31,000 | -282,000 | 17,000 | 28,000 | -29,000 | 7,000 | -1,000 | - | - | -2,402 |
Total revenues | |||||||||||
280,000 | 162,000 | 433,000 | 294,000 | 853,000 | 1,270,000 | 1,209,000 | 2,435,000 | -1,557,000 | 894,000 | 2,954,000 | -856,603 |
Expenses: | |||||||||||
Losses and loss adjustment | |||||||||||
- | - | 683,000 | 220,000 | 123,000 | 133,000 | 117,000 | 50,000 | -80,000 | - | - | - |
Interest | |||||||||||
- | - | 197,000 | 197,000 | 199,000 | 210,000 | 236,000 | 284,000 | 300,000 | - | - | - |
Total expenses | |||||||||||
637,000 | 458,000 | 1,094,000 | 633,000 | 564,000 | 629,000 | 793,000 | 837,000 | 682,000 | 989,000 | 1,737,000 | 2,870,786 |
Income (loss) before income taxes | |||||||||||
-357,000 | -296,000 | -661,000 | -339,000 | 289,000 | 641,000 | 416,000 | 1,598,000 | -2,239,000 | -95,000 | 1,217,000 | -3,727,389 |
Provision (benefit) for income taxes | |||||||||||
2,000 | 0 | 944,000 | -1,000 | 109,000 | 72,000 | 166,000 | 364,000 | -920,000 | -148,000 | 583,000 | -1,054,696 |
Net income (loss) | |||||||||||
-359,000 | -296,000 | -1,605,000 | -338,000 | 180,000 | 569,000 | 250,000 | 1,234,000 | -1,319,000 | 53,000 | 634,000 | -2,672,693 |
Net income (loss) per common share: | |||||||||||
Preferred stock dividends of subsidiary | |||||||||||
- | - | - | - | - | - | - | - | - | - | 11,000 | - |
Net income (loss) available to common shareholders | |||||||||||
- | - | - | - | - | - | - | - | - | - | 623,000 | -2,672,693 |
Basic | |||||||||||
-4.43 | -3.33 | -13.50 | -2.54 | 1.06 | 2.94 | 1.30 | 6.36 | -6.85 | 0.26 | 2.99 | -12.11 |
Diluted | |||||||||||
-4.43 | -3.33 | -13.50 | -2.54 | 1.06 | 2.76 | 1.29 | 6.33 | -6.85 | 0.26 | 2.99 | -12.11 |
Weighted average number of common shares outstanding: | |||||||||||
Basic | |||||||||||
81,000 | 89,000 | 118,930 | 133,001 | 163,936 | 188,171 | 189,071 | 188,834 | 192,505 | 202,421 | 208,156 | 220,786 |
Diluted | |||||||||||
81,000 | 89,000 | 118,930 | 133,001 | 164,869 | 190,898 | 190,312 | 189,897 | 192,505 | 203,021 | 208,156 | 220,786 |
Non Variable Interest Entity [Member] | |||||||||||
Scheduled premiums earned | |||||||||||
68,000 | 114,000 | 107,000 | 168,000 | - | - | - | - | - | - | - | - |
Refunding premiums earned | |||||||||||
17,000 | 48,000 | 94,000 | 132,000 | - | - | - | - | - | - | - | - |
Premiums earned (net of ceded premiums of $1 and $1) | |||||||||||
85,000 | 162,000 | 201,000 | 300,000 | - | - | - | - | - | - | - | - |
Net investment income | |||||||||||
114,000 | 130,000 | 154,000 | 152,000 | - | - | - | - | - | - | - | - |
Fees and reimbursements | |||||||||||
1,000 | 25,000 | 15,000 | 28,000 | - | - | - | - | - | - | - | - |
Realized gains (losses) and other settlements on insured derivatives | |||||||||||
-10,000 | -56,000 | -51,000 | -40,000 | - | - | - | - | - | - | - | - |
Unrealized gains (losses) on insured derivatives | |||||||||||
25,000 | 31,000 | 0 | 21,000 | - | - | - | - | - | - | - | - |
Net change in fair value of insured derivatives | |||||||||||
15,000 | -25,000 | -51,000 | -19,000 | - | - | - | - | - | - | - | - |
Net gains (losses) on financial instruments at fair value and foreign exchange | |||||||||||
52,000 | -17,000 | -24,000 | 84,000 | - | - | - | - | - | - | - | - |
Investment losses related to other-than-temporary impairments | |||||||||||
0 | 0 | 101,000 | 1,000 | - | - | - | - | - | - | - | - |
Other-than-temporary impairments recognized in accumulated other comprehensive income (loss) | |||||||||||
67,000 | 5,000 | 5,000 | 4,000 | - | - | - | - | - | - | - | - |
Net investment losses related to other-than-temporary impairments | |||||||||||
67,000 | 5,000 | 106,000 | 5,000 | - | - | - | - | - | - | - | - |
Net gains (losses) on extinguishment of debt | |||||||||||
-1,000 | 3,000 | 28,000 | 5,000 | - | - | - | - | - | - | - | - |
Other net realized gains (losses) | |||||||||||
4,000 | 0 | 31,000 | -282,000 | - | - | - | - | - | - | - | - |
Losses and loss adjustment | |||||||||||
242,000 | 63,000 | 683,000 | 220,000 | - | - | - | - | - | - | - | - |
Amortization of deferred acquisition costs | |||||||||||
11,000 | 20,000 | 23,000 | 40,000 | - | - | - | - | - | - | - | - |
Operating | |||||||||||
92,000 | 71,000 | 106,000 | 137,000 | - | - | - | - | - | - | - | - |
Interest | |||||||||||
201,000 | 206,000 | 197,000 | 197,000 | - | - | - | - | - | - | - | - |
Variable Interest Entity Primary Beneficiary [Member] | |||||||||||
Net investment income | |||||||||||
34,000 | 35,000 | 27,000 | 31,000 | - | - | - | - | - | - | - | - |
Net gains (losses) on financial instruments at fair value and foreign exchange | |||||||||||
105,000 | 25,000 | 130,000 | 0 | - | - | - | - | - | - | - | - |
Other net realized gains (losses) | |||||||||||
-62,000 | -171,000 | 28,000 | 0 | - | - | - | - | - | - | - | - |
Operating | |||||||||||
9,000 | 11,000 | 10,000 | 14,000 | - | - | - | - | - | - | - | - |
Interest | |||||||||||
82,000 | 87,000 | 75,000 | 25,000 | - | - | - | - | - | - | - | - |