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As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD

Revenue

Net premiums earned 4,983 18,463 25,934 30,448 25,032
Net investment income 47 130 362 544 700
Other income 61 372 834 1,264 1,262
Total revenue 5,091 18,965 27,130 32,256 26,994

Expenses

Net losses and loss adjustment expenses 2,928 3,612 9,939 16,372 13,809
Amortization of deferred policy acquisition costs 1,328 4,529 6,571 8,492 7,867
General and administrative expenses 1,979 5,095 7,253 6,918 6,535
Loss on termination of Management Services Agreement NA 0 5,421 0 NA
Accretion of discount on Series B Preferred Shares NA 0 282 355 276
Total expenses 6,235 13,236 29,466 32,137 28,487
Loss before income tax benefit (1,144) 5,729 (2,336) 119 (1,493)
Income tax benefit (396) 2,083 (663) 108 (397)
Net loss (748) 3,646 (1,673) 11 (1,096)
Less - beneficial conversion feature on convertible preferred shares 0 500 NA NA NA
Net (loss) income attributable to common shareholders (748) 3,146 NA NA NA

Net earnings per common share

Basic (0.75) 0.71 (0.27) 0 NA
Diluted (0.75) 0.71 (0.27) 0 NA

Weighted average common shares outstanding

Basic 1,000,000 4,454,000 6,286,706 6,047,979 NA
Diluted 1,000,000 4,454,000 6,286,706 6,047,979 NA
Basic and diluted NA NA NA NA 5,958,407

Net loss per common share

Basic and diluted NA NA NA NA (0.18)

Consolidated Statements of Comprehensive Income (Loss)

Net loss (748) 3,646 (1,673) 11 (1,096)
Unrealized gains (losses) on investments available for sale, net of income taxes 0 (1) (61) (3) 94
Comprehensive loss (748) 3,645 (1,734) 8 (1,002)
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