| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | |
|---|---|---|---|---|---|---|
Assets [Abstract] | ||||||
Investments: | ||||||
Fixed maturity securities available for sale, at fair value (amortized cost: $274,864 in 2020; $211,278 in 2019) | ||||||
273,358 | 217,151 | 223,986 | 208,061 | 126,946 | 122,220 | |
Equity securities, at fair value (cost: $21,459 in 2020; $21,336 in 2019) | ||||||
22,876 | 22,328 | 22,326 | 22,368 | 21,778 | 25,171 | |
Total investments | ||||||
296,234 | 239,479 | 246,312 | 230,429 | 148,724 | 147,391 | |
Cash and cash equivalents | ||||||
23,845 | 33,119 | 16,477 | 14,405 | 10,494 | 9,525 | |
Restricted cash | ||||||
314 | 230 | 425 | 476 | 397 | 399 | |
Accrued investment income | ||||||
1,774 | 1,386 | 1,363 | 1,310 | 856 | 734 | |
Premium receivable | ||||||
34,938 | 36,237 | 32,171 | 33,878 | 24,348 | 18,633 | |
Deferred policy acquisition costs | ||||||
26,714 | 25,201 | 21,653 | 19,077 | 16,741 | 14,052 | |
Reinsurance recoverable on unpaid losses and loss adjustment expenses | ||||||
13,854 | 12,952 | 14,052 | 13,202 | 10,296 | 11,896 | |
Reinsurance recoverable on paid losses and loss adjustment expenses | ||||||
5,168 | 4,303 | 3,700 | 3,427 | 2,094 | 2,666 | |
Prepaid reinsurance premium | ||||||
25,644 | 26,105 | 24,711 | 22,467 | 21,838 | 18,284 | |
Prepaid expenses and other assets | ||||||
13,603 | 14,861 | 10,365 | 9,127 | 8,264 | 5,863 | |
Property and equipment, net | ||||||
811 | 845 | 860 | 886 | 921 | 947 | |
Intangible assets | ||||||
744 | 744 | 744 | 744 | 744 | 744 | |
Deferred tax assets, net | ||||||
- | - | - | - | 523 | - | |
Total assets | ||||||
443,643 | 395,462 | 372,833 | 349,428 | 246,240 | 231,134 | |
Liabilities and Stockholders' equity | ||||||
Liabilities: | ||||||
Accounts payable and other accrued liabilities | ||||||
10,320 | 13,555 | 15,530 | 9,732 | 8,361 | 9,245 | |
Reserve for losses and loss adjustment expenses | ||||||
18,352 | 16,821 | 16,966 | 14,630 | 12,628 | 16,061 | |
Unearned premiums | ||||||
137,105 | 130,373 | 116,159 | 103,394 | 92,259 | 79,130 | |
Ceded premium payable | ||||||
10,027 | 11,383 | 11,970 | 16,927 | 9,664 | 10,607 | |
Funds held under reinsurance treaty | ||||||
2,069 | 1,658 | 1,801 | 1,729 | 750 | 720 | |
Income and excise taxes payable | ||||||
3,917 | 1,117 | 133 | 3,322 | 1,566 | - | |
Deferred tax liabilities, net | ||||||
1,033 | 1,999 | 1,812 | 58 | - | - | |
Long-term notes payable | ||||||
- | - | - | - | 19,103 | 19,079 | |
Total liabilities | ||||||
182,823 | 176,906 | 164,371 | 149,792 | 144,331 | 134,842 | |
Stockholders' equity: | ||||||
Common stock, $0.0001 par value, 500,000,000 shares authorized, 24,239,861 and 23,468,750 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively | ||||||
2 | 2 | 2 | 2 | 2 | 2 | |
Additional paid-in capital | ||||||
216,300 | 180,000 | - | - | - | - | |
Additional paid-in capital | ||||||
- | - | 179,587 | 179,200 | 91,500 | 68,498 | |
Accumulated other comprehensive (loss) income | ||||||
-1,147 | 4,686 | 5,896 | 4,922 | 1,624 | -563 | |
Retained earnings | ||||||
45,631 | 33,856 | 22,977 | 15,523 | 8,824 | 28,355 | |
Total stockholders' equity | ||||||
260,820 | 218,556 | 208,462 | 199,636 | 101,909 | 96,292 | |
Total liabilities and stockholders' equity | ||||||
443,643 | 395,462 | 372,833 | 349,428 | 246,240 | 231,134 | |