As-Reported Financials

As Reported Financials

Source Document Currency Code (in units) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD

Assets

Fixed-maturity securities, held-to-maturity, at amortized cost 5,128,735 5,138,872 5,094,902 4,869,808 4,222,352
Fixed-maturity securities, available-for-sale, at fair value 51,120,859 62,502,064 80,428,828 119,988,256 141,360,535
Equity securities, at fair value 8,017,729 9,204,270 9,987,686 14,286,198 18,876,690
Other investments NA NA NA 0 2,241,444
Total investments 64,267,323 76,845,206 95,511,416 139,144,262 166,701,021
Cash and cash equivalents 9,906,878 13,551,372 12,044,520 48,381,633 29,893,676
Investment subscription receivable NA NA 0 2,000,000 0
Premiums receivable, net 8,946,899 10,621,655 11,649,398 13,217,698 13,484,547
Receivables - reinsurance contracts 1,301,549 NA NA NA NA
Reinsurance receivables, net 35,575,276 31,270,235 32,197,765 28,519,130 25,018,461
Deferred policy acquisition costs 8,985,981 10,835,306 12,239,781 14,847,236 17,123,248
Intangible assets, net 2,233,530 1,757,816 1,350,000 1,010,000 755,000
Property and equipment, net 2,448,042 3,152,266 3,011,373 4,772,577 5,798,042
Deferred income taxes NA NA NA 0 122,003
Other assets 1,330,944 1,095,894 1,442,209 2,655,527 4,476,703
Total assets 134,996,422 149,129,750 169,446,462 254,548,063 263,372,701

Liabilities

Loss and loss adjustment expense reserves 39,912,683 39,876,500 41,736,719 48,799,622 53,942,957
Unearned premiums 40,458,041 48,890,241 54,994,375 65,647,663 75,574,404
Advance premiums 1,006,582 1,199,376 1,421,560 1,477,693 2,888,720
Reinsurance balances payable 2,096,363 1,688,922 2,146,017 2,563,966 1,723,844
Deferred ceding commission revenue 5,956,540 6,435,068 6,851,841 4,266,412 2,517,468
Accounts payable, accrued expenses and other liabilities 3,928,137 4,826,603 5,448,448 7,487,654 6,108,345
Income taxes payable 0 263,622 NA NA NA
Deferred income taxes 1,137,180 672,190 166,949 600,342 0
Long-term debt, net NA NA 0 29,126,965 29,251,206
Total liabilities 94,495,526 103,852,522 112,765,909 159,970,317 172,006,944

Stockholders' Equity

Preferred stock 0 0 0 0 0
Common stock 82,351 82,896 88,963 116,186 117,291
Capital in excess of par 32,873,383 32,987,082 37,950,401 68,380,390 68,220,714
Accumulated other comprehensive (loss) income 946,332 484,220 72,931 1,100,647 (2,595,040)
Retained earnings 8,203,003 13,605,225 20,563,720 27,152,822 28,335,344
Total 42,105,069 47,159,423 58,676,015 96,750,045 94,078,309
Treasury stock, at cost (1,604,173) (1,882,195) (1,995,462) (2,172,299) (2,712,552)
Total stockholders' equity 40,500,896 45,277,228 56,680,553 94,577,746 91,365,757
Total liabilities and stockholders' equity 134,996,422 149,129,750 169,446,462 254,548,063 263,372,701
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.