As-Reported Financials

As Reported Financials

Source Document Currency Code (in units) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD

Assets

Fixed-maturity securities, held-to-maturity, at amortized cost 5,138,872 5,094,902 4,869,808 4,222,855 3,824,620
Fixed-maturity securities, available-for-sale, at fair value 62,502,064 80,428,828 119,988,256 151,777,516 164,334,869
Equity securities, at fair value 9,204,270 9,987,686 14,286,198 16,572,616 22,738,950
Other investments NA NA 0 1,855,225 2,335,874
Total investments 76,845,206 95,511,416 139,144,262 174,428,212 193,234,313
Cash and cash equivalents 13,551,372 12,044,520 48,381,633 21,138,403 18,895,805
Investment subscription receivable NA 0 2,000,000 NA NA
Premiums receivable, net 10,621,655 11,649,398 13,217,698 13,961,599 14,958,200
Reinsurance receivables, net 31,270,235 32,197,765 28,519,130 26,367,115 28,643,360
Deferred policy acquisition costs 10,835,306 12,239,781 14,847,236 17,907,737 19,413,809
Intangible assets, net 1,757,816 1,350,000 1,010,000 670,000 500,000
Property and equipment, net 3,152,266 3,011,373 4,772,577 6,056,929 7,350,068
Deferred income taxes, net NA NA 0 354,233 216,474
Other assets 1,095,894 1,442,209 2,655,527 5,867,850 6,256,815
Total assets 149,129,750 169,446,462 254,548,063 266,752,078 289,468,844

Liabilities

Loss and loss adjustment expense reserves 39,876,500 41,736,719 48,799,622 56,197,106 69,675,120
Unearned premiums 48,890,241 54,994,375 65,647,663 79,032,131 85,488,146
Advance premiums 1,199,376 1,421,560 1,477,693 2,107,629 3,468,225
Reinsurance balances payable 1,688,922 2,146,017 2,563,966 1,933,376 2,806,903
Deferred ceding commission revenue 6,435,068 6,851,841 4,266,412 2,686,677 3,100,156
Accounts payable, accrued expenses and other liabilities 4,826,603 5,448,448 7,487,654 6,819,231 7,877,191
Income taxes payable 263,622 NA 0 15,035 0
Deferred income taxes, net 672,190 166,949 600,342 NA NA
Long-term debt, net NA 0 29,126,965 29,295,251 29,383,341
Total liabilities 103,852,522 112,765,909 159,970,317 178,086,436 201,799,082

Stockholders' Equity

Preferred stock 0 0 0 0 0
Common stock 82,896 88,963 116,186 117,751 118,020
Capital in excess of par 32,987,082 37,950,401 68,380,390 67,763,940 68,373,590
Accumulated other comprehensive income (loss) 484,220 72,931 1,100,647 (2,884,313) 3,359,047
Retained earnings 13,605,225 20,563,720 27,152,822 26,380,816 18,531,657
Total 47,159,423 58,676,015 96,750,045 91,378,194 90,382,314
Treasury stock, at cost (1,882,195) (1,995,462) (2,172,299) (2,712,552) (2,712,552)
Total stockholders' equity 45,277,228 56,680,553 94,577,746 88,665,642 87,669,762
Total liabilities and stockholders' equity 149,129,750 169,446,462 254,548,063 266,752,078 289,468,844
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.