First Acceptance (FACO) 10-Q 7 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 06, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	FAC
Entity Registrant Name	FIRST ACCEPTANCE CORP /DE/
Entity Central Index Key	1,017,907
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		41,199,854

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Investments, available-for-sale at fair value (amortized cost of $132,417 and $117,902, respectively)	$ 133,448	$ 117,212
Cash, cash equivalents, and restricted cash	111,251	118,681
Premiums, fees, and commissions receivable, net of allowance of $459 and $279, respectively	78,409	66,393
Deferred tax assets, net	33,519	35,641
Other investments	10,486	9,994
Other assets	6,551	6,078
Property and equipment, net	3,131	4,213
Deferred acquisition costs	5,816	4,852
Goodwill	29,384	29,384
Identifiable intangible assets, net	7,052	7,626
TOTAL ASSETS	419,047	400,074
LIABILITIES AND STOCKHOLDERS’ EQUITY
Loss and loss adjustment expense reserves	162,756	161,079
Unearned premiums and fees	92,208	78,861
Debentures payable	40,336	40,302
Term loan from principal stockholder	29,799	29,779
Accrued expenses	5,711	7,089
Other liabilities	12,225	10,476
Total liabilities	343,035	327,586
Stockholders’ equity:
Preferred stock, $.01 par value, 10,000 shares authorized
Common stock, $.01 par value, 75,000 shares authorized; 41,200 and 41,160 issued and outstanding, respectively	412	412
Additional paid-in capital	457,986	457,750
Accumulated other comprehensive income, net of tax of $(321) and $(1,110), respectively	2,779	1,316
Accumulated deficit	(385,165)	(386,990)
Total stockholders’ equity	76,012	72,488
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 419,047	$ 400,074

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Amortized cost of investments	$ 132,417	$ 117,902
Allowance for premiums, fees and Commission receivable	$ 459	$ 279
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	41,200,000	41,160,000
Common stock, shares outstanding	41,200,000	41,160,000
Accumulated Other Comprehensive Income, tax	$ (321)	$ (1,110)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Premiums earned	$ 69,174,000	$ 76,740,000	$ 212,446,000	$ 233,997,000
Commission and fee income	15,551,000	19,291,000	49,603,000	58,055,000
Investment income	1,259,000	1,187,000	3,415,000	3,795,000
Gain on sale of foreclosed real estate				1,237,000
Net realized gains on investments, available-for-sale		4,897,000		4,733,000
Total revenues	85,984,000	102,115,000	265,464,000	301,817,000
Costs and expenses:
Losses and loss adjustment expenses	53,077,000	71,079,000	172,163,000	245,262,000
Insurance operating expenses	27,326,000	28,940,000	83,261,000	88,901,000
Other operating expenses	284,000	369,000	822,000	932,000
Stock-based compensation	87,000	59,000	200,000	164,000
Depreciation	517,000	667,000	1,603,000	1,934,000
Amortization of identifiable intangibles assets	196,000	240,000	594,000	717,000
Interest expense	1,146,000	1,088,000	3,374,000	3,213,000
Total costs and expenses	82,633,000	102,442,000	262,017,000	341,123,000
Income (loss) before income taxes	3,351,000	(327,000)	3,447,000	(39,306,000)
Provision (benefit) for income taxes	1,353,000	6,000	1,622,000	(13,571,000)
Net income (loss)	$ 1,998,000	$ (333,000)	$ 1,825,000	$ (25,735,000)
Net income (loss) per share:
Basic	$ 0.05	$ (0.01)	$ 0.04	$ (0.63)
Diluted	$ 0.05	$ (0.01)	$ 0.04	$ (0.63)
Number of shares used to calculate net income (loss) per share:
Basic	41,200	41,096	41,174	41,074
Diluted	41,233	41,096	41,237	41,074
Reconciliation of net income (loss) to other comprehensive income (loss):
Net income (loss)	$ 1,998,000	$ (333,000)	$ 1,825,000	$ (25,735,000)
Net unrealized change in investments, net of tax of $132, $4, $789 and $1,621, respectively	305,000	7,000	1,463,000	3,009,000
Reclassification of net realized gains on investments, available-for-sale, included in net income (loss), net of tax of $(1,712) and $(1,661), respectively, in 2016		(3,180,000)		(3,084,000)
Comprehensive income (loss)	$ 2,303,000	(3,506,000)	3,288,000	(25,810,000)
Detail of net realized gains on investments, available-for-sale:
Net realized gains on sales and redemptions		4,897,000		4,880,000
Other-than-temporary impairment charges			$ 0	(147,000)
Net realized gains on investments, available-for-sale		$ 4,897,000		$ 4,733,000

CONSOLIDATED STATEMENTS OF COM5

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Net unrealized change in investments, tax	$ 132	$ 4	$ 789	$ 1,621
Reclassification of net realized gains on investments, tax		$ (1,712)		$ (1,661)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income (loss)	$ 1,825,000	$ (25,735,000)
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation	1,603,000	1,934,000
Amortization of identifiable intangibles assets	594,000	717,000
Stock-based compensation	201,000	164,000
Deferred income taxes	1,329,000	(13,879,000)
Other-than-temporary impairment on investments, available-for-sale	0	147,000
Net realized losses on sales and redemptions of investments		(4,880,000)
Investment income from other investments	(413,000)	(408,000)
Gain on sale of foreclosed real estate, net		(1,237,000)
Other	23,000	170,000
Change in:
Premiums, fees, and commission receivable	(11,836,000)	(5,886,000)
Deferred acquisition costs	(964,000)	(241,000)
Loss and loss adjustment expense reserves	1,677,000	42,629,000
Unearned premiums and fees	13,347,000	6,394,000
Other liabilities	1,750,000	(4,960,000)
Other	(1,803,000)	(692,000)
Net cash provided by (used in) operating activities	7,333,000	(5,763,000)
Cash flows from investing activities:
Purchases of investments, available-for-sale	(26,770,000)	(62,950,000)
Maturities and redemptions of investments, available-for-sale	12,058,000	9,155,000
Sales of investments, available-for-sale		66,879,000
Purchases of other investments	(133,000)	(957,000)
Distributions from other investments	588,000	3,270,000
Net change in receivable/payable for securities		17,903,000
Capital expenditures	(521,000)	(1,523,000)
Proceeds from sale of foreclosed real estate, net		1,769,000
Acquisition of identifiable intangible assets	(20,000)	(40,000)
Net cash (used in) provided by investing activities	(14,798,000)	33,506,000
Cash flows from financing activities:
Net proceeds from issuance of common stock	35,000	41,000
Net cash provided by financing activities	35,000	41,000
Net change in cash, cash equivalents, and restricted cash	(7,430,000)	27,784,000
Cash, cash equivalents, and restricted cash, beginning of period	118,681,000	115,587,000
Cash, cash equivalents, and restricted cash, end of period	$ 111,251,000	$ 143,371,000

General

General	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
General	1. General The consolidated financial statements of First Acceptance Corporation (the “Company”) included herein have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been omitted. In the opinion of management, the consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair statement of the interim periods. The results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for the full year. These consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2016. Cash, Cash Equivalents, and Restricted Cash Cash, cash equivalents, and restricted cash consist of bank demand deposits and highly-liquid investments. All investments with maturities of three months or less at the date of purchase are considered cash equivalents. At September 30, 2017 and December 31, 2016, the Company had restricted cash equivalents of $17.3 million and $18.6 million, respectively.

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value	2. Fair Value Fair value is the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are generally based upon observable and unobservable inputs. Observable inputs are based on market data from independent sources, while unobservable inputs reflect the Company’s view of market assumptions in the absence of observable market information. All assets and liabilities that are carried at fair value are classified and disclosed in one of the following categories: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Quoted market prices for similar assets or liabilities in active markets; quoted prices by independent pricing services for identical or similar assets or liabilities in markets that are not active; and valuations, using models or other valuation techniques, that use observable market data. All significant inputs are observable, or derived from observable information in the marketplace, or are supported by observable levels at which transactions are executed in the marketplace. Level 3 - Instruments that use non-binding broker quotes or model driven valuations that do not have observable market data. NAV - Calculated net asset value (“NAV”) based on an ownership interest to which a proportionate share of net assets is attributed. The Company considers the valuation methods used in both its identifiable intangible assets initial measurement and impairment tests as Level 3. To determine the fair value of acquired trademarks and trade names, the Company uses the relief-from-royalty method, which requires the Company to estimate the future revenue for the related brands, the appropriate royalty rate and the weighted average cost of capital. To determine the fair value of the acquired policy renewal rights and customer relationships, the Company uses an “excess earnings” method that relies on projected future net cash flows and includes key assumptions for the customer retention and renewal rates. The data used in these methods is not observable in the market. Fair Value of Financial Instruments The carrying values and fair values of certain financial instruments were as follows (in thousands). September 30, 2017 December 31, 2016 Carrying Fair Carrying Fair Value Value Value Value Assets: Investments, available-for-sale $ 133,448 $ 133,448 $ 117,212 $ 117,212 Other investments 10,486 10,486 9,994 9,994 Liabilities: Debentures payable 40,336 17,375 40,302 11,488 Term loan from principal stockholder 29,799 22,114 29,779 15,000 The fair values as presented represent the Company’s best estimates and may not be substantiated by comparisons to independent markets. The fair value of the debentures payable and the term loan from principal shareholder are categorized as Level 3, since they were based on current market rates offered for debt with similar risks and maturities, an unobservable input categorized as Level 3. Carrying values of certain financial instruments, such as cash and cash equivalents and premiums, fees, and commissions receivable, approximate fair value due to the short-term nature of the instruments and are not required to be disclosed. Therefore, the aggregate of the fair values presented in the preceding table does not purport to represent the Company’s underlying value. The following tables present the fair-value measurements for each major category of assets that are measured on a recurring basis (in thousands). Other investments in limited partnerships are carried at net asset value which approximates fair value. Fair Value Measurements Using Quoted Prices Significant in Active Other Significant Proportionate Markets for Observable Unobservable Share of Identical Assets Inputs Inputs Net Assets September 30, 2017 Total (Level 1) (Level 2) (Level 3) (NAV) Fixed maturities, available-for-sale: U.S. government and agencies $ 19,495 $ 19,495 $ — $ — $ — Political subdivisions 4,172 — 4,172 — — Revenue and assessment 5,450 — 5,450 — — Corporate bonds 43,670 — 43,670 — — Collateralized mortgage obligations: Agency backed 40,670 — 40,670 — — Non-agency backed – residential 2,713 — 2,713 — — Non-agency backed – commercial 1,181 — 1,181 — — Total fixed maturities, available-for-sale 117,351 19,495 97,856 — — Preferred stocks, available-for-sale 3,206 3,206 — — — Mutual funds, available-for-sale 12,891 12,891 — — — Total investments, available-for-sale 133,448 35,592 97,856 — — Other investments 10,486 — — 5,470 5,016 Cash, cash equivalents, and restricted cash 111,251 111,251 — — — Total $ 255,185 $ 146,843 $ 97,856 $ 5,470 $ 5,016 Fair Value Measurements Using Quoted Prices Significant in Active Other Significant Proportionate Markets for Observable Unobservable Share of Identical Assets Inputs Inputs Net Assets December 31, 2016 Total (Level 1) (Level 2) (Level 3) (NAV) Fixed maturities, available-for-sale: U.S. government and agencies $ 18,951 $ 18,951 $ — $ — $ — Political subdivisions 4,165 — 4,165 — — Revenue and assessment 5,683 — 5,683 — — Corporate bonds 45,540 — 45,540 — — Collateralized mortgage obligations: Agency backed 22,422 — 22,422 — — Non-agency backed – residential 2,933 — 2,933 — — Non-agency backed – commercial 1,895 — 1,895 — — Total fixed maturities, available-for-sale 101,589 18,951 82,638 — — Preferred stocks, available-for-sale 3,112 3,112 — — — Mutual funds, available-for-sale 12,511 12,511 — — — Total investments, available-for-sale 117,212 34,574 82,638 — — Other investment 9,994 — — 4,858 5,136 Cash, cash equivalents, and restricted cash 118,681 118,681 — — — Total $ 245,887 $ 153,255 $ 82,638 $ 4,858 $ 5,136 The fair values of the Company’s investments are determined by management after taking into consideration available sources of data. All of the portfolio valuations classified as Level 1 or Level 2 in the above tables are priced exclusively by utilizing the services of independent pricing sources using observable market data. The Level 2 classified security valuations are obtained from a single independent pricing service. The Level 3 classified security in the table above consists of an investment in the common stock of a real estate investment trust for which fair value has been determined using a model driven valuation that does not have observable market data. There were no transfers between Level 1 and Level 2 for the three and nine months ended September 30, 2017 and 2016. The Company’s policy is to recognize transfers between levels at the end of the reporting period based on specific identification. The Company has not made any adjustments to the prices obtained from the independent pricing sources. The Company has reviewed the pricing techniques and methodologies of the independent pricing service for Level 2 investments and believes that its policies adequately consider market activity, either based on specific transactions for the security valued or based on modeling of securities with similar credit quality, duration, yield and structure that were recently traded. The Company monitored security-specific valuation trends and has made inquiries with the pricing service about material changes or the absence of expected changes to understand the underlying factors and inputs and to validate the reasonableness of the pricing. Likewise, the Company reviews the Level 3 valuation model to understand the underlying factors and inputs and to validate the reasonableness of the pricing. The following table represents the quantitative disclosure for the asset classified as Level 3 during the nine months ended September 30, 2017 (in thousands). Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Common Stock at Fair Value Balance at December 31, 2016 $ 4,858 Gains included in net loss — Gains included in comprehensive income (loss) 535 Investments and capital calls 77 Distributions received — Transfers into and out of Level 3 — Balance at September 30, 2017 $ 5,470

Investments

Investments	9 Months Ended
	Sep. 30, 2017
Investments Debt And Equity Securities [Abstract]
Investments	3. Investments Investments, Available-for-Sale The following tables summarize the Company’s investment securities (in thousands). Gross Gross Amortized Unrealized Unrealized Fair September 30, 2017 Cost Gains Losses Value U.S. government and agencies $ 19,641 $ 88 $ (234) $ 19,495 Political subdivisions 4,142 30 — 4,172 Revenue and assessment 5,252 198 — 5,450 Corporate bonds 44,612 70 (1,012) 43,670 Collateralized mortgage obligations: Agency backed 41,127 98 (555) 40,670 Non-agency backed – residential 2,136 580 (3) 2,713 Non-agency backed – commercial 669 512 — 1,181 Total fixed maturities, available-for-sale 117,579 1,576 (1,804) 117,351 Preferred stocks, available-for-sale 3,025 249 (68) 3,206 Mutual funds, available-for-sale 11,813 1,078 — 12,891 $ 132,417 $ 2,903 $ (1,872) $ 133,448 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2016 Cost Gains Losses Value U.S. government and agencies $ 19,142 $ 112 $ (303 ) $ 18,951 Political subdivisions 4,233 — (68 ) 4,165 Revenue and assessment 5,539 185 (41 ) 5,683 Corporate bonds 47,238 107 (1,805 ) 45,540 Collateralized mortgage obligations: Agency backed 23,093 73 (744 ) 22,422 Non-agency backed – residential 2,411 529 (7 ) 2,933 Non-agency backed – commercial 1,408 487 — 1,895 Total fixed maturities, available-for-sale 103,064 1,493 (2,968 ) 101,589 Preferred stocks, available-for-sale 3,025 198 (111 ) 3,112 Mutual funds, available-for-sale 11,813 698 — 12,511 $ 117,902 $ 2,389 $ (3,079 ) $ 117,212 The following table sets forth the scheduled maturities of the Company’s fixed maturity securities based on their fair values (in thousands). Actual maturities may differ from contractual maturities because certain securities may be called or prepaid by the issuers. Securities Securities Securities with No All with with Unrealized Fixed Unrealized Unrealized Gains or Maturity September 30, 2017 Gains Losses Losses Securities One year or less $ 1,571 $ — $ — $ 1,571 After one through five years 12,245 20,915 — 33,160 After five through ten years 2,841 27,431 — 30,272 After ten years 4,733 3,051 — 7,784 No single maturity date 14,099 30,465 — 44,564 $ 35,489 $ 81,862 $ — $ 117,351 The following table reflects the number of fixed maturity securities with gross unrealized gains and losses. Gross unrealized losses are further segregated by the length of time that individual securities have been in a continuous unrealized loss position. Gross Unrealized Losses Less than Greater Gross or equal to than 12 Unrealized At: 12 months months Gains September 30, 2017 27 9 36 December 31, 2016 37 — 40 The following table reflects the fair value and gross unrealized losses of those fixed maturity securities in a continuous unrealized loss position for greater than 12 months at September 30, 2017. There were no securities meeting these criteria at December 31, 2016. Gross unrealized losses are further segregated by the percentage of amortized cost (in thousands, except number of securities). Number Gross Gross Unrealized Losses of Fair Unrealized at September 30, 2017: Securities Value Losses Less than or equal to 10% 9 $ 19,013 $ (764 ) Greater than 10% — — — 9 $ 19,013 $ (764 ) The following tables set forth the amount of gross unrealized losses by current severity (as compared to amortized cost) and length of time that individual securities have been in a continuous unrealized loss position (in thousands). Fair Value of Securities with Length of Gross Gross Severity of Gross Unrealized Losses Gross Unrealized Losses Unrealized Unrealized Less 5% to Greater at September 30, 2017: Losses Losses than 5% 10% than 10% Less than or equal to: Three months $ 26,158 $ (89 ) $ (89 ) $ — $ — Six months — — — — — Nine months — — — — — Twelve months 38,301 (1,019 ) (1,019 ) — — Greater than twelve months 19,013 (764 ) (764 ) — — Total $ 83,472 $ (1,872 ) $ (1,872 ) $ — $ — Fair Value of Securities with Length of Gross Gross Severity of Gross Unrealized Losses Gross Unrealized Losses Unrealized Unrealized Less 5% to Greater at December 31, 2016: Losses Losses than 5% 10% than 10% Less than or equal to: Three months $ 58,550 $ (1,886 ) $ (1,461 ) $ (425 ) $ — Six months 27,193 (1,186 ) (232 ) (954 ) — Nine months 152 — — — Twelve months 105 (7 ) — (7 ) — Greater than twelve months — — — — — Total $ 86,000 $ (3,079 ) $ (1,693 ) $ (1,386 ) $ — Other-Than-Temporary Impairment For the nine months ended September 30, 2017, the Company did not recognize any OTTI charges in net income (loss). The Company believes that the securities having unrealized losses at September 30, 2017 were not other-than-temporarily impaired. The Company also does not intend to sell any of these securities and it is more likely than not that the Company will not be required to sell any of these securities before the recovery of their amortized cost basis. For the nine months ended September 30, 2016, the Company recognized OTTI charges in net income (loss) of $147 thousand related to one mutual fund. Other Investments Other investments consist of the common stock of a real estate investment trust and limited partnership interests in three funds that invest in (i) commercial real estate and secured commercial real estate loans acquired from financial intuitions, (ii) undervalued international publicly-traded equities and (iii) a pre-identified pool of select buyout private equity funds. These investments have redemption and transfer restrictions. The Company does not intend to sell these investments, and it is more likely than not that the Company will not be required to sell them before the expiration of such restrictions. Restrictions At September 30, 2017, fixed maturities and cash equivalents with a fair value and amortized cost of $6.4 million were on deposit with various insurance departments as a requirement of doing business in those states. Cash equivalents with a fair value and amortized cost of $17.3 million were on deposit with another insurance company as collateral for an assumed reinsurance contract. Investment Income and Net Realized Gains and Losses The major categories of investment income follow (in thousands). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Fixed maturities, available-for-sale $ 865 $ 971 $ 2,104 $ 2,922 Mutual funds, available-for-sale 166 153 486 519 Preferred stocks 45 — 134 — Other investments 70 53 413 408 Cash and cash equivalents 222 — 598 — Other 15 130 46 313 Investment expenses (124 ) (120 ) (366 ) (367 ) $ 1,259 $ 1,187 $ 3,415 $ 3,795 The components of net realized gains (losses) on investments, available-for-sale at fair value follow (in thousands). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Gains $ (8 ) $ 4,900 $ — $ 4,900 Losses 8 (3 ) — (20 ) Other-than-temporary impairment — — — (147 ) $ — $ 4,897 $ — $ 4,733 Realized gains and losses on sales and redemptions are computed based on specific identification. The non-credit related portion of other-than-temporary impairment (“OTTI”) is included in other comprehensive loss. The amounts of non-credit OTTI for securities still owned was $1.1 million at both September 30, 2017 and December 31, 2016.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	4. Net Income (Loss) Per Share The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share data). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Net income (loss) $ 1,998 $ (333 ) $ 1,825 $ (25,735 ) Weighted average common basic shares 41,200 41,096 41,174 41,074 Effect of dilutive securities 33 — 63 — Weighted average common dilutive shares 41,233 41,096 41,237 41,074 Basic and diluted net income (loss) per share $ 0.05 $ (0.01 ) $ 0.04 $ (0.63 ) On May 9, 2017, the Compensation Committee of the Board of Directors of the Company awarded 500 thousand restricted stock units to an executive officer. Such restricted stock units will vest, and an equal number of shares of common stock will be deliverable upon the third anniversary of the date of grant. Compensation expense related to the units of $590 thousand was calculated based upon the closing market price of the common stock on the date of grant ($1.18) and is recorded on a straight-line basis over the vesting period. For the three and nine months ended September 30, 2017, the computation of diluted net income per share included 576 restricted stock units having dilutive effects of 33 and 63 thousand shares, respectively. Options to purchase 120 thousand shares and 93 thousand restricted stock units were not included in the computation of diluted net income per share for these periods, since the exercise price of the stock options was in excess of the average stock price for this period and the inclusion of the restricted stock units would have been anti-dilutive. For the three months ended September 30, 2016, the computation of diluted net loss per share did not include 270 thousand restricted stock units, a dilutive effect of 5 thousand shares, since their inclusion would have been anti-dilutive. Options to purchase 1,045 thousand shares were not included in the computation of diluted net loss per share for the three months ended September 30, 2016, since their exercise price was in excess of the average stock prices for these periods. For the nine months ended September 30, 2016, the computation of diluted net loss per share did not include options to purchase 825 thousand shares and 270 thousand restricted stock units, a dilutive effect of 176 thousand shares and 23 thousand shares, respectively, since their inclusion would have been anti-dilutive. Options to purchase 220 thousand shares were not included in the computation of diluted net loss per share for the nine months ended September 30, 2016, since their exercise price was in excess of the average stock prices for these periods.

Losses and Loss Adjustment Expe

Losses and Loss Adjustment Expenses Incurred and Paid	9 Months Ended
	Sep. 30, 2017
Insurance [Abstract]
Losses and Loss Adjustment Expenses Incurred and Paid	5. Losses and Loss Adjustment Expenses Incurred and Paid The Company underwrites primarily a single product in the form of a non-standard personal automobile policy. Although this product can vary in terms of its coverages (liability and physical damage), disaggregation by these coverages is not considered meaningful due to the relative immateriality of the physical damage component which is only approximately 6% of the ending liability for unpaid losses and LAE. Additionally, the amount of renters coverage sold as an optional product is likewise immaterial. Information regarding the reserve for unpaid losses and loss adjustment expenses (“LAE”) is as follows (in thousands). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Liability for unpaid losses and LAE at beginning of period, gross $ 162,232 $ 166,012 $ 161,079 $ 122,071 Reinsurance balances receivable (794 ) (674 ) (769 ) (464 ) Liability for unpaid losses and LAE at beginning of period, net 161,438 165,338 160,310 121,607 Add: Provision for losses and LAE: Current period 56,660 71,140 172,856 217,802 Prior periods (3,583 ) (61 ) (693 ) 27,460 Net losses and LAE incurred 53,077 71,079 172,163 245,262 Less: Losses and LAE paid: Current period 35,008 52,558 81,327 111,307 Prior periods 17,588 20,000 89,227 91,703 Net losses and LAE paid 52,596 72,558 170,554 203,010 Liability for unpaid losses and LAE at end of period, net 161,919 163,859 161,919 163,859 Reinsurance balances receivable 837 841 837 841 Liability for unpaid losses and LAE at end of period, gross $ 162,756 $ 164,700 $ 162,756 $ 164,700 The development for the three months ended September 30, 2017 was the result of favorable LAE development on bodily injury claims primarily attributable to the late 2016 through 2017 accident periods and favorable development on losses primarily related to 2017 accident year property damage claims. The development for the nine months ended September 30, 2017 was the net result of favorable LAE development related to bodily injury claims over multiple prior accident periods, offset by unfavorable development on losses related to bodily injury severity over multiple prior accident periods. The unfavorable development for the nine months ended September 30, 2016 was the result of increased losses primarily from the 2015 accident year across all major coverages. The most significant causes of the development were a greater than usual emergence of reported claims and higher bodily injury severity. The development for the three months ended September 30, 2016 was not material.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	6. Income Taxes The provision (benefit) for income taxes consisted of the following (in thousands). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Federal: Current $ 60 $ — $ 90 $ — Deferred 1,021 (162 ) 1,250 (13,789 ) 1,081 (162 ) 1,340 (13,789 ) State: Current 192 149 202 308 Deferred 80 19 80 (90 ) 272 168 282 218 $ 1,353 $ 6 $ 1,622 $ (13,571 ) The provision (benefit) for income taxes differs from the amounts computed by applying the statutory federal corporate tax rate of 35% to income (loss) before income taxes as a result of the following (in thousands). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Provision (benefit) for income taxes at statutory rate $ 1,172 $ (115 ) $ 1,206 $ (13,758 ) Tax effect of: Tax-exempt investment income (20 ) (10 ) (54 ) (30 ) Change in the beginning of the period balance of the valuation allowance for deferred tax assets allocated to federal income taxes (1 ) (6 ) (1 ) 51 Stock option expirations — 12 229 29 State income taxes, net of federal income tax benefit and state valuation allowance 206 116 212 110 Other (4 ) 9 30 27 $ 1,353 $ 6 $ 1,622 $ (13,571 ) The Company had a deferred tax asset (“DTA”) valuation allowance of $1.7 million and $1.9 million at September 30, 2017 and December 31, 2016, respectively, attributable to certain amounts related to state taxes and OTTI that are more likely than not to be realized. In assessing the Company’s ability to realize the DTA, both positive and negative evidence are used to evaluate the allowance. Although the Company incurred a 2016 pre-tax loss of $45.1 million which is a source of negative evidence, it placed greater weight on its outlook for future taxable income over the allowable time period for realization of the DTA and concluded that it is more likely than not that the remaining DTA will be realized. Regarding the length of time available to realize the DTA, at September 30, 2017, $22.7 million of the DTA related to net operating loss carryforwards do not expire until 2031 through 2036 and $2.1 million in AMT (“Alternative Minimum Tax”) carryforwards have no expiration date. The DTA valuation allowance may be adjusted in future periods if management determines that it is more likely than not that some portion or all of the DTA will not be realized. In the event the DTA valuation allowance is increased, the Company would record an income tax expense for the adjustment.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Information	7. Segment Information The Company operates in two business segments with its primary focus being the selling, servicing and underwriting of non-standard personal automobile insurance. The real estate and corporate segment consists of the activities related to the disposition of foreclosed real estate held for sale and other operating expenses not directly related to the insurance operations, interest expense and stock-based compensation, offset by investment income on corporate invested assets. The following table presents selected financial data by business segment (in thousands). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Revenues: Insurance $ 85,966 $ 102,099 $ 265,413 $ 300,533 Real estate and corporate 18 16 51 1,284 Consolidated total $ 85,984 $ 102,115 $ 265,464 $ 301,817 Income (loss) before income taxes: Insurance $ 4,850 $ 1,173 $ 7,792 $ (36,280 ) Real estate and corporate (1,499 ) (1,500 ) (4,345 ) (3,026 ) Consolidated total $ 3,351 $ (327 ) $ 3,447 $ (39,306 ) September 30, December 31, 2017 2016 Total assets: Insurance $ 375,206 $ 354,008 Real estate and corporate 43,841 46,066 Consolidated total $ 419,047 $ 400,074

Litigation

Litigation	9 Months Ended
	Sep. 30, 2017
Commitments And Contingencies Disclosure [Abstract]
Litigation	8. Litigation The Company is named as a defendant in various lawsuits, arising in the ordinary course of business, generally relating to its insurance operations. All legal actions relating to claims made under insurance policies are considered by the Company in establishing its loss and loss adjustment expense reserves. The Company also faces lawsuits from time to time that seek damages beyond policy limits, commonly known as bad faith claims, as well as class action and individual lawsuits that involve issues arising in the course of the Company’s business. The Company continually evaluates potential liabilities and reserves for litigation of these types using the criteria established by FASB ASC 450, Contingencies

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2017
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	9. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) jointly issued a new revenue recognition standard, Accounting Standard Update (“ASU”) No. 2014-09, “ Revenue from Contracts with Customers,” Approximately 15% of the Company’s total revenues are subject to the guidance in ASU No. 2014-09. Historically, approximately 55% of these revenues are in the form of commissions paid by third party insurance carriers which are earned upon the effective date of bound coverage, less an estimated allowance for return commissions based upon historical experience, since no significant performance obligation remains in these arrangements after coverage is bound and the control of the underlying insurance policy is transferred to the customer. Approximately 35% of these revenues are in the form of commissions paid by a third-party entity on the sales of ancillary insurance products that are earned on a pro-rata basis over the life of the underlying contracts, since the Company has a contractual performance obligation for these contracts. Approximately 10% of these revenues are derived from various fees related to insurance contracts that are recognized into income as the related services are performed and costs are incurred. Based on our initial evaluation of this guidance, including contract reviews, the Company did not determine any impact to our consolidated financial statements. Management will finalize its evaluation of this guidance during the fourth quarter of 2017 and apply this new guidance as of January 1, 2018. In January 2016, the FASB issued ASU No. 2016-01, “ Financial Instruments – Overall (Subtopic 825-20): Recognition and Measure of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU No. 2016-02, “ Leases (Topic 842) In March 2016, the FASB issued ASU No. 2016-09, “ Improvements to Employee Share-Based Payment Accounting In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326)” In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment” In April 2017, the FASB issued ASU No. 2017-08, “Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities” In May 2017, the FASB issued ASU No. 2017-09, “Compensation-Stock Compensation (Topic 718), Scope of Modification Accounting”

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related Parties	10. Related Parties On June 29, 2015, to finance the acquisition of the Titan Agencies, the Company borrowed the full amount under a $30 million Loan Agreement (the “Loan Agreement”) with Diamond Family Investments, LP, an affiliate of Gerald J. Ford, the Company’s controlling stockholder. The Loan Agreement provided a $30 million interest-only senior term loan facility, maturing in full on June 29, 2025. Commencing June 29, 2016, the Company has the right to prepay the loan in whole or in part, in cash, without premium or penalty, upon written notice to the lender. Amounts prepaid under the Loan Agreement may not be reborrowed. The term loan outstanding under the Loan Agreement bears interest at a rate of 8% per annum. The Loan Agreement contains certain representations, warranties and covenants. The Loan Agreement also contains customary events of default, including but not limited to: nonpayment; material inaccuracy of representations and warranties; violations of covenants; cross-default to material indebtedness; certain material judgments; certain bankruptcies and liquidations; invalidity of the loan documents and related events; and a change of control (as defined in the Loan Agreement). In April 2016, the Company entered into standard agreements for treasury and investment custodial services with a bank in which our principal shareholder has a 15% indirect ownership interest. The fees under these agreements for the three and nine months ended September 30, 2017 were $43 thousand and $133 thousand, respectively, and $47 thousand for the three months ended September 30, 2016.

Current Liquidity and Statutory

Current Liquidity and Statutory Capital and Surplus	9 Months Ended
	Sep. 30, 2017
Current Liquidity And Statutory Capital And Surplus [Abstract]
Current Liquidity and Statutory Capital and Surplus	11. Current Liquidity and Statutory Capital and Surplus The Company has $70.0 million in long-term borrowings of which $40.0 million matures in 2037 and $30.0 million matures in 2025. As of September 30, 2017, the Company was in compliance with the covenants related to these borrowings. Such borrowings are not obligations of the Company’s regulated insurance company subsidiaries who at September 30, 2017 had combined statutory capital and surplus of $62.3 million. The Company believes that it has sufficient liquidity to meet its current obligations in the foreseeable future, including the payment of interest on its long-term borrowings which it currently funds through the cash flows of its agency operations which are generated outside the Company’s regulated insurance company subsidiaries and are not subject to any limitation on the payment of dividends to the holding company. The Company has three insurance company subsidiaries that are organized and domiciled under the insurance statutes of Texas, Georgia, and Tennessee. The insurance company subsidiaries operate under licenses issued by various state insurance authorities. Such licenses may be of perpetual duration or periodically renewable, provided the insurance company subsidiaries continue to meet applicable regulatory requirements. The National Association of Insurance Commissioners (“NAIC”) Model Act for risk-based capital provides formulas to determine each December 31 on an annual basis the amount of statutory capital and surplus that an insurance company needs to ensure that it has an acceptable expectation of not becoming financially impaired. Failure to meet applicable risk-based capital requirements could subject our insurance company subsidiaries to further examination or corrective action imposed by state regulators, including limitations on their writing of additional business, state supervision, or even liquidation. Although statutory risk-based capital calculations are only made as of each December 31, the Company estimated that the three insurance company subsidiaries are above the regulatory company action levels as of September 30, 2017. There are also statutory guidelines that suggest that on an annual calendar year basis an insurance company should not exceed a ratio of net premiums written to statutory capital and surplus of 3-to-1. On a combined basis, the ratio for our insurance company subsidiaries of net premiums written for the last twelve months to statutory capital and surplus was 4.6-to-1 at September 30, 2017 which is in excess of the suggested guidelines. Since August 2016, management has operated under a business plan to reduce premium writings and increase statutory capital and surplus to address the net premiums written to statutory capital and surplus guidelines.

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Presentation of Carrying Values and Fair Values of Certain Financial Instruments	The carrying values and fair values of certain financial instruments were as follows (in thousands). September 30, 2017 December 31, 2016 Carrying Fair Carrying Fair Value Value Value Value Assets: Investments, available-for-sale $ 133,448 $ 133,448 $ 117,212 $ 117,212 Other investments 10,486 10,486 9,994 9,994 Liabilities: Debentures payable 40,336 17,375 40,302 11,488 Term loan from principal stockholder 29,799 22,114 29,779 15,000
Presentation of Fair-Value Measurements for Each Major Category of Assets Measured on Recurring Basis	The following tables present the fair-value measurements for each major category of assets that are measured on a recurring basis (in thousands). Other investments in limited partnerships are carried at net asset value which approximates fair value. Fair Value Measurements Using Quoted Prices Significant in Active Other Significant Proportionate Markets for Observable Unobservable Share of Identical Assets Inputs Inputs Net Assets September 30, 2017 Total (Level 1) (Level 2) (Level 3) (NAV) Fixed maturities, available-for-sale: U.S. government and agencies $ 19,495 $ 19,495 $ — $ — $ — Political subdivisions 4,172 — 4,172 — — Revenue and assessment 5,450 — 5,450 — — Corporate bonds 43,670 — 43,670 — — Collateralized mortgage obligations: Agency backed 40,670 — 40,670 — — Non-agency backed – residential 2,713 — 2,713 — — Non-agency backed – commercial 1,181 — 1,181 — — Total fixed maturities, available-for-sale 117,351 19,495 97,856 — — Preferred stocks, available-for-sale 3,206 3,206 — — — Mutual funds, available-for-sale 12,891 12,891 — — — Total investments, available-for-sale 133,448 35,592 97,856 — — Other investments 10,486 — — 5,470 5,016 Cash, cash equivalents, and restricted cash 111,251 111,251 — — — Total $ 255,185 $ 146,843 $ 97,856 $ 5,470 $ 5,016 Fair Value Measurements Using Quoted Prices Significant in Active Other Significant Proportionate Markets for Observable Unobservable Share of Identical Assets Inputs Inputs Net Assets December 31, 2016 Total (Level 1) (Level 2) (Level 3) (NAV) Fixed maturities, available-for-sale: U.S. government and agencies $ 18,951 $ 18,951 $ — $ — $ — Political subdivisions 4,165 — 4,165 — — Revenue and assessment 5,683 — 5,683 — — Corporate bonds 45,540 — 45,540 — — Collateralized mortgage obligations: Agency backed 22,422 — 22,422 — — Non-agency backed – residential 2,933 — 2,933 — — Non-agency backed – commercial 1,895 — 1,895 — — Total fixed maturities, available-for-sale 101,589 18,951 82,638 — — Preferred stocks, available-for-sale 3,112 3,112 — — — Mutual funds, available-for-sale 12,511 12,511 — — — Total investments, available-for-sale 117,212 34,574 82,638 — — Other investment 9,994 — — 4,858 5,136 Cash, cash equivalents, and restricted cash 118,681 118,681 — — — Total $ 245,887 $ 153,255 $ 82,638 $ 4,858 $ 5,136
Quantitative Disclosure for Assets Classified as Level 3	The following table represents the quantitative disclosure for the asset classified as Level 3 during the nine months ended September 30, 2017 (in thousands). Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Common Stock at Fair Value Balance at December 31, 2016 $ 4,858 Gains included in net loss — Gains included in comprehensive income (loss) 535 Investments and capital calls 77 Distributions received — Transfers into and out of Level 3 — Balance at September 30, 2017 $ 5,470

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2017
Investments Debt And Equity Securities [Abstract]
Summary of Company's Investment Securities	The following tables summarize the Company’s investment securities (in thousands). Gross Gross Amortized Unrealized Unrealized Fair September 30, 2017 Cost Gains Losses Value U.S. government and agencies $ 19,641 $ 88 $ (234) $ 19,495 Political subdivisions 4,142 30 — 4,172 Revenue and assessment 5,252 198 — 5,450 Corporate bonds 44,612 70 (1,012) 43,670 Collateralized mortgage obligations: Agency backed 41,127 98 (555) 40,670 Non-agency backed – residential 2,136 580 (3) 2,713 Non-agency backed – commercial 669 512 — 1,181 Total fixed maturities, available-for-sale 117,579 1,576 (1,804) 117,351 Preferred stocks, available-for-sale 3,025 249 (68) 3,206 Mutual funds, available-for-sale 11,813 1,078 — 12,891 $ 132,417 $ 2,903 $ (1,872) $ 133,448 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2016 Cost Gains Losses Value U.S. government and agencies $ 19,142 $ 112 $ (303 ) $ 18,951 Political subdivisions 4,233 — (68 ) 4,165 Revenue and assessment 5,539 185 (41 ) 5,683 Corporate bonds 47,238 107 (1,805 ) 45,540 Collateralized mortgage obligations: Agency backed 23,093 73 (744 ) 22,422 Non-agency backed – residential 2,411 529 (7 ) 2,933 Non-agency backed – commercial 1,408 487 — 1,895 Total fixed maturities, available-for-sale 103,064 1,493 (2,968 ) 101,589 Preferred stocks, available-for-sale 3,025 198 (111 ) 3,112 Mutual funds, available-for-sale 11,813 698 — 12,511 $ 117,902 $ 2,389 $ (3,079 ) $ 117,212
Scheduled Maturities of Company's Fixed Maturity Securities Based on their Fair Values	The following table sets forth the scheduled maturities of the Company’s fixed maturity securities based on their fair values (in thousands). Actual maturities may differ from contractual maturities because certain securities may be called or prepaid by the issuers. Securities Securities Securities with No All with with Unrealized Fixed Unrealized Unrealized Gains or Maturity September 30, 2017 Gains Losses Losses Securities One year or less $ 1,571 $ — $ — $ 1,571 After one through five years 12,245 20,915 — 33,160 After five through ten years 2,841 27,431 — 30,272 After ten years 4,733 3,051 — 7,784 No single maturity date 14,099 30,465 — 44,564 $ 35,489 $ 81,862 $ — $ 117,351
Number of Fixed Maturity Securities with Gross Unrealized Gains and Losses	The following table reflects the number of fixed maturity securities with gross unrealized gains and losses. Gross unrealized losses are further segregated by the length of time that individual securities have been in a continuous unrealized loss position. Gross Unrealized Losses Less than Greater Gross or equal to than 12 Unrealized At: 12 months months Gains September 30, 2017 27 9 36 December 31, 2016 37 — 40
Fair Value and Gross Unrealized Losses of Fixed Maturity Securities in Continuous Unrealized Loss Position for Greater than 12 Months	The following table reflects the fair value and gross unrealized losses of those fixed maturity securities in a continuous unrealized loss position for greater than 12 months at September 30, 2017. There were no securities meeting these criteria at December 31, 2016. Gross unrealized losses are further segregated by the percentage of amortized cost (in thousands, except number of securities). Number Gross Gross Unrealized Losses of Fair Unrealized at September 30, 2017: Securities Value Losses Less than or equal to 10% 9 $ 19,013 $ (764 ) Greater than 10% — — — 9 $ 19,013 $ (764 )
Gross Unrealized Losses by Current Severity and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position	The following tables set forth the amount of gross unrealized losses by current severity (as compared to amortized cost) and length of time that individual securities have been in a continuous unrealized loss position (in thousands). Fair Value of Securities with Length of Gross Gross Severity of Gross Unrealized Losses Gross Unrealized Losses Unrealized Unrealized Less 5% to Greater at September 30, 2017: Losses Losses than 5% 10% than 10% Less than or equal to: Three months $ 26,158 $ (89 ) $ (89 ) $ — $ — Six months — — — — — Nine months — — — — — Twelve months 38,301 (1,019 ) (1,019 ) — — Greater than twelve months 19,013 (764 ) (764 ) — — Total $ 83,472 $ (1,872 ) $ (1,872 ) $ — $ — Fair Value of Securities with Length of Gross Gross Severity of Gross Unrealized Losses Gross Unrealized Losses Unrealized Unrealized Less 5% to Greater at December 31, 2016: Losses Losses than 5% 10% than 10% Less than or equal to: Three months $ 58,550 $ (1,886 ) $ (1,461 ) $ (425 ) $ — Six months 27,193 (1,186 ) (232 ) (954 ) — Nine months 152 — — — Twelve months 105 (7 ) — (7 ) — Greater than twelve months — — — — — Total $ 86,000 $ (3,079 ) $ (1,693 ) $ (1,386 ) $ —
Major Categories of Investment Income	The major categories of investment income follow (in thousands). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Fixed maturities, available-for-sale $ 865 $ 971 $ 2,104 $ 2,922 Mutual funds, available-for-sale 166 153 486 519 Preferred stocks 45 — 134 — Other investments 70 53 413 408 Cash and cash equivalents 222 — 598 — Other 15 130 46 313 Investment expenses (124 ) (120 ) (366 ) (367 ) $ 1,259 $ 1,187 $ 3,415 $ 3,795
Components of Net Realized Gains (Losses) on Investments, Available-For-Sale at Fair Value	The components of net realized gains (losses) on investments, available-for-sale at fair value follow (in thousands). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Gains $ (8 ) $ 4,900 $ — $ 4,900 Losses 8 (3 ) — (20 ) Other-than-temporary impairment — — — (147 ) $ — $ 4,897 $ — $ 4,733

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Loss Per Share	The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share data). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Net income (loss) $ 1,998 $ (333 ) $ 1,825 $ (25,735 ) Weighted average common basic shares 41,200 41,096 41,174 41,074 Effect of dilutive securities 33 — 63 — Weighted average common dilutive shares 41,233 41,096 41,237 41,074 Basic and diluted net income (loss) per share $ 0.05 $ (0.01 ) $ 0.04 $ (0.63 )

Losses and Loss Adjustment Ex21

Losses and Loss Adjustment Expenses Incurred and Paid (Tables)	9 Months Ended
	Sep. 30, 2017
Insurance [Abstract]
Information Regarding the Reserve for Unpaid Losses and Loss Adjustment Expenses	The Company underwrites primarily a single product in the form of a non-standard personal automobile policy. Although this product can vary in terms of its coverages (liability and physical damage), disaggregation by these coverages is not considered meaningful due to the relative immateriality of the physical damage component which is only approximately 6% of the ending liability for unpaid losses and LAE. Additionally, the amount of renters coverage sold as an optional product is likewise immaterial. Information regarding the reserve for unpaid losses and loss adjustment expenses (“LAE”) is as follows (in thousands). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Liability for unpaid losses and LAE at beginning of period, gross $ 162,232 $ 166,012 $ 161,079 $ 122,071 Reinsurance balances receivable (794 ) (674 ) (769 ) (464 ) Liability for unpaid losses and LAE at beginning of period, net 161,438 165,338 160,310 121,607 Add: Provision for losses and LAE: Current period 56,660 71,140 172,856 217,802 Prior periods (3,583 ) (61 ) (693 ) 27,460 Net losses and LAE incurred 53,077 71,079 172,163 245,262 Less: Losses and LAE paid: Current period 35,008 52,558 81,327 111,307 Prior periods 17,588 20,000 89,227 91,703 Net losses and LAE paid 52,596 72,558 170,554 203,010 Liability for unpaid losses and LAE at end of period, net 161,919 163,859 161,919 163,859 Reinsurance balances receivable 837 841 837 841 Liability for unpaid losses and LAE at end of period, gross $ 162,756 $ 164,700 $ 162,756 $ 164,700

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Provision (Benefit) for Income Taxes	The provision (benefit) for income taxes consisted of the following (in thousands). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Federal: Current $ 60 $ — $ 90 $ — Deferred 1,021 (162 ) 1,250 (13,789 ) 1,081 (162 ) 1,340 (13,789 ) State: Current 192 149 202 308 Deferred 80 19 80 (90 ) 272 168 282 218 $ 1,353 $ 6 $ 1,622 $ (13,571 )
Provision (Benefit) for Income Taxes Differs from Amounts Computed by Applying Statutory Federal Corporate Tax Rate	The provision (benefit) for income taxes differs from the amounts computed by applying the statutory federal corporate tax rate of 35% to income (loss) before income taxes as a result of the following (in thousands). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Provision (benefit) for income taxes at statutory rate $ 1,172 $ (115 ) $ 1,206 $ (13,758 ) Tax effect of: Tax-exempt investment income (20 ) (10 ) (54 ) (30 ) Change in the beginning of the period balance of the valuation allowance for deferred tax assets allocated to federal income taxes (1 ) (6 ) (1 ) 51 Stock option expirations — 12 229 29 State income taxes, net of federal income tax benefit and state valuation allowance 206 116 212 110 Other (4 ) 9 30 27 $ 1,353 $ 6 $ 1,622 $ (13,571 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Selected Financial Data by Business Segment	The following table presents selected financial data by business segment (in thousands). Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Revenues: Insurance $ 85,966 $ 102,099 $ 265,413 $ 300,533 Real estate and corporate 18 16 51 1,284 Consolidated total $ 85,984 $ 102,115 $ 265,464 $ 301,817 Income (loss) before income taxes: Insurance $ 4,850 $ 1,173 $ 7,792 $ (36,280 ) Real estate and corporate (1,499 ) (1,500 ) (4,345 ) (3,026 ) Consolidated total $ 3,351 $ (327 ) $ 3,447 $ (39,306 ) September 30, December 31, 2017 2016 Total assets: Insurance $ 375,206 $ 354,008 Real estate and corporate 43,841 46,066 Consolidated total $ 419,047 $ 400,074

General - Additional Informatio

General - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Assets [Abstract]
Restricted cash equivalents	$ 17.3	$ 18.6

Fair Value - Presentation of Ca

Fair Value - Presentation of Carrying Values and Fair Values of Certain Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets:
Investments, available-for-sale	$ 133,448	$ 117,212
Other investments	10,486	9,994
Carrying Value
Assets:
Investments, available-for-sale	133,448	117,212
Other investments	10,486	9,994
Liabilities:
Debentures payable	40,336	40,302
Term loan from principal stockholder	29,799	29,779
Fair Value
Assets:
Investments, available-for-sale	133,448	117,212
Other investments	10,486	9,994
Liabilities:
Debentures payable	17,375	11,488
Term loan from principal stockholder	$ 22,114	$ 15,000

Fair Value - Presentation of Fa

Fair Value - Presentation of Fair-Value Measurements for Each Major Category of Assets Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	$ 133,448	$ 117,212
Other investments	10,486	9,994
Cash, cash equivalents, and restricted cash	111,251	118,681
Total	255,185	245,887
Other investments, proportionate share of net assets	5,016	5,136
Total, proportionate share of net assets	5,016	5,136
Fixed Maturities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	117,351	101,589
Fixed Maturities | U.S. government and agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	19,495	18,951
Fixed Maturities | Political subdivisions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	4,172	4,165
Fixed Maturities | Revenue and assessment
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	5,450	5,683
Fixed Maturities | Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	43,670	45,540
Fixed Maturities | Collateralized mortgage obligations: Agency Backed
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	40,670	22,422
Fixed Maturities | Collateralized mortgage obligations: Non-agency backed - residential
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	2,713	2,933
Fixed Maturities | Collateralized mortgage obligations: Non-agency backed - commercial
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	1,181	1,895
Preferred stocks, available-for-sale
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	3,206	3,112
Mutual funds, available-for-sale
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	12,891	12,511
Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	35,592	34,574
Cash, cash equivalents, and restricted cash	111,251	118,681
Total	146,843	153,255
Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed Maturities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	19,495	18,951
Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1) | Fixed Maturities | U.S. government and agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	19,495	18,951
Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1) | Preferred stocks, available-for-sale
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	3,206	3,112
Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1) | Mutual funds, available-for-sale
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	12,891	12,511
Fair Value Measurements Using Significant Other Observable Inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	97,856	82,638
Total	97,856	82,638
Fair Value Measurements Using Significant Other Observable Inputs (Level 2) | Fixed Maturities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	97,856	82,638
Fair Value Measurements Using Significant Other Observable Inputs (Level 2) | Fixed Maturities | Political subdivisions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	4,172	4,165
Fair Value Measurements Using Significant Other Observable Inputs (Level 2) | Fixed Maturities | Revenue and assessment
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	5,450	5,683
Fair Value Measurements Using Significant Other Observable Inputs (Level 2) | Fixed Maturities | Corporate bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	43,670	45,540
Fair Value Measurements Using Significant Other Observable Inputs (Level 2) | Fixed Maturities | Collateralized mortgage obligations: Agency Backed
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	40,670	22,422
Fair Value Measurements Using Significant Other Observable Inputs (Level 2) | Fixed Maturities | Collateralized mortgage obligations: Non-agency backed - residential
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	2,713	2,933
Fair Value Measurements Using Significant Other Observable Inputs (Level 2) | Fixed Maturities | Collateralized mortgage obligations: Non-agency backed - commercial
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investments, available-for-sale	1,181	1,895
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other investments	5,470	4,858
Total	$ 5,470	$ 4,858

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Transfers between level 1 and level 2	$ 0	$ 0
Transfers between level 2 and level 1	$ 0	$ 0

Fair Value - Quantitative Discl

Fair Value - Quantitative Disclosure for Assets Classified as Level 3 (Detail) - Common Stock at Fair Value $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Balance at December 31, 2016	$ 4,858
Gains included in comprehensive income (loss)	535
Investments and capital calls	77
Balance at September 30, 2017	$ 5,470

Investments - Summary of Compan

Investments - Summary of Company's Investment Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Investment Securities [Line Items]
Amortized Cost	$ 132,417	$ 117,902
Gross Unrealized Gains	2,903	2,389
Gross Unrealized Losses	(1,872)	(3,079)
Fair Value	133,448	117,212
Fixed Maturities
Investment Securities [Line Items]
Amortized Cost	117,579	103,064
Gross Unrealized Gains	1,576	1,493
Gross Unrealized Losses	(1,804)	(2,968)
Fair Value	117,351	101,589
Fixed Maturities | U.S. government and agencies
Investment Securities [Line Items]
Amortized Cost	19,641	19,142
Gross Unrealized Gains	88	112
Gross Unrealized Losses	(234)	(303)
Fair Value	19,495	18,951
Fixed Maturities | Political subdivisions
Investment Securities [Line Items]
Amortized Cost	4,142	4,233
Gross Unrealized Gains	30
Gross Unrealized Losses		(68)
Fair Value	4,172	4,165
Fixed Maturities | Revenue and assessment
Investment Securities [Line Items]
Amortized Cost	5,252	5,539
Gross Unrealized Gains	198	185
Gross Unrealized Losses		(41)
Fair Value	5,450	5,683
Fixed Maturities | Corporate bonds
Investment Securities [Line Items]
Amortized Cost	44,612	47,238
Gross Unrealized Gains	70	107
Gross Unrealized Losses	(1,012)	(1,805)
Fair Value	43,670	45,540
Fixed Maturities | Collateralized mortgage obligations: Agency Backed
Investment Securities [Line Items]
Amortized Cost	41,127	23,093
Gross Unrealized Gains	98	73
Gross Unrealized Losses	(555)	(744)
Fair Value	40,670	22,422
Fixed Maturities | Collateralized mortgage obligations: Non-agency backed - residential
Investment Securities [Line Items]
Amortized Cost	2,136	2,411
Gross Unrealized Gains	580	529
Gross Unrealized Losses	(3)	(7)
Fair Value	2,713	2,933
Fixed Maturities | Collateralized mortgage obligations: Non-agency backed - commercial
Investment Securities [Line Items]
Amortized Cost	669	1,408
Gross Unrealized Gains	512	487
Fair Value	1,181	1,895
Preferred stocks, available-for-sale
Investment Securities [Line Items]
Amortized Cost	3,025	3,025
Gross Unrealized Gains	249	198
Gross Unrealized Losses	(68)	(111)
Fair Value	3,206	3,112
Mutual funds, available-for-sale
Investment Securities [Line Items]
Amortized Cost	11,813	11,813
Gross Unrealized Gains	1,078	698
Fair Value	$ 12,891	$ 12,511

Investments - Scheduled Maturit

Investments - Scheduled Maturities of Company's Fixed Maturity Securities Based on their Fair Values (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Securities with Unrealized Losses, Total	$ 83,472	$ 86,000
Fixed Maturities
Schedule of Available-for-sale Securities [Line Items]
Securities with Unrealized Gains, One year or less	1,571
Securities with Unrealized Gains, After one through five years	12,245
Securities with Unrealized Gains, After five through ten years	2,841
Securities with Unrealized Gains, After ten years	4,733
Securities with Unrealized Gains, No single maturity date	14,099
Securities with Unrealized Gains, Total	35,489
Securities with Unrealized Losses, After one through five years	20,915
Securities with Unrealized Losses, After five through ten years	27,431
Securities with Unrealized Losses, After ten years	3,051
Securities with Unrealized Losses, No single maturity date	30,465
Securities with Unrealized Losses, Total	81,862
All Fixed Maturity Securities, One year or less	1,571
All Fixed Maturity Securities, After one through five years	33,160
All Fixed Maturity Securities, After five through ten years	30,272
All Fixed Maturity Securities, After ten years	7,784
All Fixed Maturity Securities, No single maturity date	44,564
All Fixed Maturity Securities, Total	$ 117,351

Investments - Number of Fixed M

Investments - Number of Fixed Maturity Securities with Gross Unrealized Gains and Losses (Detail) - Security	Sep. 30, 2017	Dec. 31, 2016
Investments Debt And Equity Securities [Abstract]
Number of Securities with Gross Unrealized Losses Less than or equal to 12 months	27	37
Number of Securities with Gross Unrealized Losses Greater than 12 months	9	0
Number of Securities with Gross Unrealized Gains	36	40

Investments - Additional Inform

Investments - Additional Information (Detail)	9 Months Ended		12 Months Ended
	Sep. 30, 2017USD ($)SecurityFund	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)Security
Investments Debt And Equity Securities [Abstract]
Number of securities | Security	9		0
OTTI charges recognized in net income (loss)	$ 0	$ 147,000
Number of investment funds | Fund	3
Unfunded commitments	$ 2,500,000
Fixed maturities and cash equivalents on deposit with various insurance departments at fair value and amortized cost	6,400,000
Cash equivalents on deposit with another insurance company at fair value and amortized cost	17,300,000
Non credit other than temporary impairment for securities	$ 1,100,000		$ 1,100,000

Investments - Fair Value and Gr

Investments - Fair Value and Gross Unrealized Losses of Fixed Maturity Securities in Continuous Unrealized Loss Position for Greater than 12 Months (Detail) $ in Thousands	Sep. 30, 2017USD ($)Security	Dec. 31, 2016Security
Schedule of Available-for-sale Securities [Line Items]
Number of Securities | Security	9	0
Fair Value	$ 19,013
Gross Unrealized Losses	$ (764)
Percentage of amortized cost less than or equal to 10%
Schedule of Available-for-sale Securities [Line Items]
Number of Securities | Security	9
Fair Value	$ 19,013
Gross Unrealized Losses	$ (764)

Investments - Gross Unrealized

Investments - Gross Unrealized Losses by Current Severity and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Investment Maturity Date [Line Items]
Fair Value of Securities with Gross Unrealized Losses	$ 83,472	$ 86,000
Gross Unrealized Losses	(1,872)	(3,079)
Percentage of amortized cost less than 5%
Investment Maturity Date [Line Items]
Gross Unrealized Losses	(1,872)	(1,693)
Percentage of amortized cost 5% to 10%
Investment Maturity Date [Line Items]
Gross Unrealized Losses		(1,386)
Less than or equals to three months
Investment Maturity Date [Line Items]
Fair Value of Securities with Gross Unrealized Losses	26,158	58,550
Gross Unrealized Losses	(89)	(1,886)
Less than or equals to three months | Percentage of amortized cost less than 5%
Investment Maturity Date [Line Items]
Gross Unrealized Losses	(89)	(1,461)
Less than or equals to three months | Percentage of amortized cost 5% to 10%
Investment Maturity Date [Line Items]
Gross Unrealized Losses		(425)
Less than or equals to six months
Investment Maturity Date [Line Items]
Fair Value of Securities with Gross Unrealized Losses		27,193
Gross Unrealized Losses		(1,186)
Less than or equals to six months | Percentage of amortized cost less than 5%
Investment Maturity Date [Line Items]
Gross Unrealized Losses		(232)
Less than or equals to six months | Percentage of amortized cost 5% to 10%
Investment Maturity Date [Line Items]
Gross Unrealized Losses		(954)
Less than or equals to nine months
Investment Maturity Date [Line Items]
Fair Value of Securities with Gross Unrealized Losses		152
Less than or equals to twelve months
Investment Maturity Date [Line Items]
Fair Value of Securities with Gross Unrealized Losses	38,301	105
Gross Unrealized Losses	(1,019)	(7)
Less than or equals to twelve months | Percentage of amortized cost less than 5%
Investment Maturity Date [Line Items]
Gross Unrealized Losses	(1,019)
Less than or equals to twelve months | Percentage of amortized cost 5% to 10%
Investment Maturity Date [Line Items]
Gross Unrealized Losses		$ (7)
Greater than 12 months
Investment Maturity Date [Line Items]
Fair Value of Securities with Gross Unrealized Losses	19,013
Gross Unrealized Losses	(764)
Greater than 12 months | Percentage of amortized cost less than 5%
Investment Maturity Date [Line Items]
Gross Unrealized Losses	$ (764)

Investments - Major Categories

Investments - Major Categories of Investment Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net Investment Income [Line Items]
Investment expenses	$ (124)	$ (120)	$ (366)	$ (367)
Net investment income	1,259	1,187	3,415	3,795
Fixed Maturities
Net Investment Income [Line Items]
Gross investment income	865	971	2,104	2,922
Mutual funds, available-for-sale
Net Investment Income [Line Items]
Gross investment income	166	153	486	519
Preferred stocks
Net Investment Income [Line Items]
Gross investment income	45		134
Other investments
Net Investment Income [Line Items]
Gross investment income	70	53	413	408
Cash and cash equivalents
Net Investment Income [Line Items]
Gross investment income	222		598
Other
Net Investment Income [Line Items]
Gross investment income	$ 15	$ 130	$ 46	$ 313

Investments - Components of Net

Investments - Components of Net Realized Gains (Losses) on Investments, Available-for-Sale at Fair Value (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Investments Debt And Equity Securities [Abstract]
Gains	$ (8,000)	$ 4,900,000		$ 4,900,000
Losses	$ 8,000	(3,000)		(20,000)
Other-than-temporary impairment			$ 0	(147,000)
Net realized gains on investments, available-for-sale		$ 4,897,000		$ 4,733,000

Net Income (Loss) Per Share - C

Net Income (Loss) Per Share - Computation of Basic and Diluted Net Loss Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Net income (loss)	$ 1,998	$ (333)	$ 1,825	$ (25,735)
Weighted average common basic shares	41,200	41,096	41,174	41,074
Effect of dilutive securities	33		63
Weighted average common dilutive shares	41,233	41,096	41,237	41,074
Basic and diluted net income (loss) per share	$ 0.05	$ (0.01)	$ 0.04	$ (0.63)

Net Income (Loss) Per Share - A

Net Income (Loss) Per Share - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	May 09, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Line Items]
Stock-based compensation		$ 87	$ 59	$ 200	$ 164
Equity option
Earnings Per Share [Line Items]
Exercisable options outstanding that enable to purchase shares					825
Shares with dilutive effect and included in computation of diluted income (loss) per share					176
Options excluded from computation of diluted income (loss) per share due to anti-dilutive effect		120	1,045	120	220
Restricted stock
Earnings Per Share [Line Items]
Exercisable options outstanding that enable to purchase shares		576	270	576	270
Shares with dilutive effect and included in computation of diluted income (loss) per share		33	5	63	23
Options excluded from computation of diluted income (loss) per share due to anti-dilutive effect		93		93
Restricted stock | Executive Officer
Earnings Per Share [Line Items]
Compensation awarded restricted stock units	500
Stock-based compensation	$ 590
Closing market price of the common stock	$ 1.18

Losses and Loss Adjustment Ex39

Losses and Loss Adjustment Expenses Incurred and Paid - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2017
Insurance [Abstract]
Percentage of physical damage component on ending liability for unpaid losses and loss adjustment expenses	6.00%

Losses and Loss Adjustment Ex40

Losses and Loss Adjustment Expenses Incurred and Paid - Information Regarding the Reserve for Unpaid Losses and Loss Adjustment Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Insurance [Abstract]
Liability for unpaid losses and LAE at beginning of period, gross	$ 162,232	$ 166,012	$ 161,079	$ 122,071
Reinsurance balances receivable, beginning balance	(794)	(674)	(769)	(464)
Liability for unpaid losses and LAE at beginning of period, net	161,438	165,338	160,310	121,607
Add: Provision for losses and LAE:
Current period	56,660	71,140	172,856	217,802
Prior periods	(3,583)	(61)	(693)	27,460
Net losses and LAE incurred	53,077	71,079	172,163	245,262
Less: Losses and LAE paid:
Current period	35,008	52,558	81,327	111,307
Prior periods	17,588	20,000	89,227	91,703
Net losses and LAE paid	52,596	72,558	170,554	203,010
Liability for unpaid losses and LAE at end of period, net	161,919	163,859	161,919	163,859
Reinsurance balances receivable, ending balance	837	841	837	841
Liability for unpaid losses and LAE at end of period, gross	$ 162,756	$ 164,700	$ 162,756	$ 164,700

Income Taxes - Provision (Benef

Income Taxes - Provision (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Federal:
Current	$ 60		$ 90
Deferred	1,021	$ (162)	1,250	$ (13,789)
Gross Federal	1,081	(162)	1,340	(13,789)
State:
Current	192	149	202	308
Deferred	80	19	80	(90)
Gross State	272	168	282	218
Income tax expense (benefit)	$ 1,353	$ 6	$ 1,622	$ (13,571)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Statutory federal corporate tax rate			35.00%
Valuation allowance	$ 1,700		$ 1,700		$ 1,900
Pre-tax loss	3,351	$ (327)	3,447	$ (39,306)	$ (45,100)
DTA related to net operating loss carryforwards	22,700		$ 22,700
DTA related to operating loss carryforwards expiration, description			do not expire until 2031 through 2036
AMT carryforwards	$ 2,100		$ 2,100

Income Taxes - Provision (Ben43

Income Taxes - Provision (Benefit) for Income Taxes Differs from Amounts Computed by Applying Statutory Federal Corporate Tax Rate (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes at statutory rate	$ 1,172	$ (115)	$ 1,206	$ (13,758)
Tax effect of:
Tax-exempt investment income	(20)	(10)	(54)	(30)
Change in the beginning of the period balance of the valuation allowance for deferred tax assets allocated to federal income taxes	(1)	(6)	(1)	51
Stock option expirations		12	229	29
State income taxes, net of federal income tax benefit and state valuation allowance	206	116	212	110
Other	(4)	9	30	27
Income tax expense (benefit)	$ 1,353	$ 6	$ 1,622	$ (13,571)

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2017Segment
Segment Reporting [Abstract]
Number of business segments	2

Segment Information - Selected

Segment Information - Selected Financial Data by Business Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Revenues	$ 85,984	$ 102,115	$ 265,464	$ 301,817
Income (loss) before income taxes	3,351	(327)	3,447	(39,306)	$ (45,100)
Total assets	419,047		419,047		400,074
Insurance
Segment Reporting Information [Line Items]
Revenues	85,966	102,099	265,413	300,533
Income (loss) before income taxes	4,850	1,173	7,792	(36,280)
Total assets	375,206		375,206		354,008
Real estate and Corporate
Segment Reporting Information [Line Items]
Revenues	18	16	51	1,284
Income (loss) before income taxes	(1,499)	$ (1,500)	(4,345)	$ (3,026)
Total assets	$ 43,841		$ 43,841		$ 46,066

Recent Accounting Pronounceme46

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2017
ASU No. 2014-09
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Percentage of total revenue subject to guidance	15.00%
Percentage of revenue related to commissions paid by third party insurance carriers	55.00%
Percentage of revenue related to commissions paid by third party ancillary insurance products	35.00%
Percentage of revenue from billing fees related to insurance contracts	10.00%
ASU No. 2016-02 | Scenario, Forecast
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Undiscounted contractual cash payments remaining on leased properties		$ 16.8

Related Parties - Additional In

Related Parties - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 29, 2015	Apr. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017
Related Party Transaction [Line Items]
Percentage of indirect ownership by principal stockholder		15.00%
Treasury And Custodial Services Agreements
Related Party Transaction [Line Items]
Fees for related party services			$ 43	$ 47	$ 133
Senior Term Loan Facility | Diamond Family Investments L P | Loan Agreement
Related Party Transaction [Line Items]
Term loan borrowed	$ 30,000
Term loan outstanding, interest rate	8.00%
Maturity date	Jun. 29, 2025

Current Liquidity and Statuto48

Current Liquidity and Statutory Capital and Surplus - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Current Liquidity And Statutory Capital And Surplus [Line Items]
Long-term debt obligations	$ 70
Statutory capital and surplus balance	$ 62.3
Ratio of net premiums to statutory capital and surplus	4.60%
Minimum
Current Liquidity And Statutory Capital And Surplus [Line Items]
Ratio of net premiums to statutory capital and surplus	3.00%
Long-term debt matures on 2037
Current Liquidity And Statutory Capital And Surplus [Line Items]
Long-term debt obligations	$ 40
Long-term debt matures on 2025
Current Liquidity And Statutory Capital And Surplus [Line Items]
Long-term debt obligations	$ 30