Atlas Financial (AFHIF) 10-Q 3 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document and Entity Information [Line Items]
Entity registrant name	Atlas Financial Holdings, Inc.
Entity central index key	1,539,894
Current fiscal year end date	--12-31
Entity filer category	Accelerated Filer
Document type	10-Q
Document period end date	Jun. 30, 2015
Document fiscal year focus	2,015
Document fiscal period focus	Q2
Amendment flag	false
Ordinary Shares
Document and Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		11,846,130
Restricted Voting Common Stock
Document and Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		132,863

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Position - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investments, available for sale
Fixed income securities, at fair value (amortized cost $193,986 and $126,701)	$ 193,775	$ 126,949
Equity securities, at fair value (cost $2,148 and $2,220)	2,285	2,093
Other investments	15,504	14,366
Total Investments	211,564	143,408
Cash and cash equivalents	15,958	36,586
Accrued investment income	1,060	660
Accounts receivable and other assets (net of allowance of $725 and $560)	74,661	49,770
Reinsurance recoverables on amounts paid	4,481	2,230
Reinsurance recoverables on amounts unpaid	26,844	18,421
Prepaid reinsurance premiums	11,958	3,628
Deferred policy acquisition costs	10,162	8,166
Deferred tax asset, net	17,826	17,317
Intangible assets, net	5,916	740
Software and office equipment, net	2,886	2,819
Assets held for sale	166	166
Total Assets	383,482	283,911
Liabilities
Claims liabilities	126,458	102,430
Unearned premiums	93,594	58,950
Due to reinsurers and other insurers	9,369	2,456
Note payable	18,000	0
Other liabilities and accrued expenses	14,952	10,676
Total Liabilities	262,373	174,512
Shareholders’ Equity
Preferred shares, par value per share $0.001, 100,000,000 shares authorized, 6,940,500 shares issued and outstanding at June 30, 2015 and 2,000,000 shares issued and outstanding at December 31, 2014. Liquidation value $1.00 per share	6,941	2,000
Ordinary voting common shares, par value per share $0.003, 266,666,667 shares authorized, 11,846,130 shares issued and outstanding at June 30, 2015 and 11,638,723 shares issued and outstanding at December 31, 2014	36	34
Restricted voting common shares, par value per share $0.003, 33,333,334 shares authorized, 132,863 shares issued and outstanding at June 30, 2015 and December 31, 2014	0	0
Additional paid-in capital	196,902	196,079
Retained deficit	(82,721)	(88,794)
Accumulated other comprehensive (loss) income, net of tax	(49)	80
Total Shareholders’ Equity	121,109	109,399
Total Liabilities and Shareholders’ Equity	$ 383,482	$ 283,911

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Financial Position (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Statement [Line Items]
Fixed income securities at fair value, amortized cost	$ 193,986	$ 126,701
Equity securities, at fair value, cost	2,148	2,220
Accounts receivable and other assets, allowance	$ 725	$ 560
Shareholders’ Equity
Preferred stock, par value (USD per Share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	6,940,500	2,000,000
Preferred stock, shares outstanding (in shares)	6,940,500	2,000,000
Preferred stock, liquidation preference per share (USD per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	300,000,001
Common stock, shares outstanding (in shares)	11,978,993	11,771,586
Ordinary Shares
Shareholders’ Equity
Common stock, par value (USD per share)	$ 0.003	$ 0.003
Common stock, shares authorized (in shares)	266,666,667	266,666,667
Common stock, shares issued (in shares)	11,846,130	11,638,723
Common stock, shares outstanding (in shares)	11,846,130	11,638,723
Restricted Voting Common Stock
Shareholders’ Equity
Common stock, par value (USD per share)	$ 0.003	$ 0.003
Common stock, shares authorized (in shares)	33,333,334	33,333,334
Common stock, shares issued (in shares)	132,863	132,863
Common stock, shares outstanding (in shares)	132,863	132,863

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Net premiums earned	$ 38,304	$ 23,306	$ 68,471	$ 45,260
Net investment income	1,191	679	1,711	1,458
Net realized investment gains	44	97	181	86
Other income	125	0	157	2
Total revenue	39,664	24,082	70,520	46,806
Net claims incurred	22,529	14,422	39,461	28,341
Acquisition costs	5,077	3,476	8,995	6,566
Other underwriting expenses	5,662	3,525	10,216	7,048
Expenses incurred related to Anchor acquisition and Gateway stock purchase agreement	228	0	1,920	0
Total expenses	33,496	21,423	60,592	41,955
Income from operations before income tax expense	6,168	2,659	9,928	4,851
Income tax expense	2,232	100	3,855	100
Net income attributable to Atlas	3,936	2,559	6,073	4,751
Less: Preferred share dividends	80	23	115	46
Net income attributable to common shareholders	$ 3,856	$ 2,536	$ 5,958	$ 4,705
Basic weighted average common shares outstanding (in shares)	12,008,624	10,597,515	11,930,172	10,051,291
Earnings per common share, basic (in dollars per share)	$ 0.32	$ 0.24	$ 0.50	$ 0.47
Diluted weighted average common shares outstanding (in shares)	12,800,920	11,007,639	12,714,450	10,448,492
Earnings per common share, diluted (in dollars per share)	$ 0.31	$ 0.23	$ 0.48	$ 0.45
Consolidated Statements of Comprehensive Income
Net income	$ 3,936	$ 2,559	$ 6,073	$ 4,751
Other comprehensive income (loss):
Changes in net unrealized investment (losses) gains	(1,980)	1,253	(390)	2,521
Reclassification to income of net realized investment gains	189	74	195	112
Effect of income tax	609	(451)	66	(895)
Other comprehensive (loss) income for the period	(1,182)	876	(129)	1,738
Total comprehensive income	$ 2,754	$ 3,435	$ 5,944	$ 6,489

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Shares	Ordinary Voting Common Shares	Restricted Voting Common Shares	Additional Paid-in Capital	Retained Deficit	Accumulated Other Comprehensive Income/(Loss)
Balance at Dec. 31, 2013	$ 63,698	$ 2,000	$ 28	$ 0	$ 169,595	$ (106,496)	$ (1,429)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,751					4,751
Proceeds from U.S. public offering, net of offering costs	25,025		6		25,019
Other comprehensive income	1,738						1,738
Share-based compensation	943		1		942
Balance at Jun. 30, 2014	96,155	2,000	35	0	195,556	(101,745)	309
Balance at Dec. 31, 2014	109,399	2,000	34	0	196,079	(88,794)	80
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,073					6,073
Proceeds from U.S. public offering, net of offering costs	0
Other comprehensive income	(129)						(129)
Share-based compensation	825		2		823
Issuance of preferred shares	4,941	4,941
Balance at Jun. 30, 2015	$ 121,109	$ 6,941	$ 36	$ 0	$ 196,902	$ (82,721)	$ (49)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities:
Net income	$ 6,073	$ 4,751
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of fixed assets	394	432
Share-based compensation expense	825	943
Amortization of deferred gain on sale of headquarters building	(21)	(21)
Deferred income taxes	165	(1,247)
Net realized gains	(181)	(86)
Gain in equity of investees	(452)	(252)
Amortization of bond premiums and discounts	707	432
Subsequent costs related to Gateway acquisition	1,920	0
Net changes in operating assets and liabilities (net of acquisition):
Accounts receivable and other assets, net	(11,658)	(1,314)
Due from reinsurers and other insurers	(1,124)	3,462
Deferred policy acquisition costs	(167)	(615)
Other assets and accrued investment income	(37)	28
Claims liabilities	(6,703)	(2,080)
Unearned premiums	11,667	4,644
Due to reinsurers and other insurers	2,130	(553)
Accounts payable and accrued liabilities	(1,632)	2,457
Net cash flows provided by operating activities	927	10,981
Investing activities:
Purchase of subsidiary (net of cash acquired)	(10,956)	0
Proceeds from sale and maturity of:
Fixed income securities	(51,141)	(9,935)
Equity securities	(1,340)	0
Other investments	(686)	(7,500)
Property, equipment and other	(439)	(761)
Proceeds from sale and maturity of:
Fixed income securities	23,608	14,503
Equity securities	1,399	12
Property, equipment and other	0	10
Net cash flows used in investing activities	(39,555)	(3,671)
Financing activities:
Proceeds from U.S. public offering, net of offering costs	0	25,025
Proceeds from notes payable	18,000	0
Net cash flows provided by financing activities	18,000	25,025
Net change in cash and cash equivalents	(20,628)	32,335
Cash and cash equivalents, beginning of period	36,586	9,811
Cash and cash equivalents, end of period	15,958	42,146
Supplemental disclosure of cash information (in '000's):
Cash paid for income taxes	3,639	700
Interest expense	139	0
Gateway Insurance Company
Adjustments to reconcile net income to net cash provided by operating activities:
Subsequent costs related to Gateway acquisition	941	0
Supplemental disclosure of noncash investing and financing activities (in '000's):
Stock issued, value	941	0
Anchor Holdings Group, Inc. et. al.
Adjustments to reconcile net income to net cash provided by operating activities:
Subsequent costs related to Gateway acquisition	978
Supplemental disclosure of noncash investing and financing activities (in '000's):
Stock issued, value	$ 4,000	$ 0

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	NATURE OF OPERATIONS AND BASIS OF PRESENTATION Atlas Financial Holdings, Inc. ("Atlas" or the "Company") commenced operations on December 31, 2010. The primary business of Atlas is underwriting commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the “light” commercial automobile sector. This sector includes taxi cabs, non-emergency para-transit, limousine, livery and business autos. Automobile insurance products provide insurance coverage in three major areas: liability, accident benefits and physical damage. Liability insurance provides coverage, subject to policy terms and conditions where the insured is determined to be responsible and/or liable for an automobile accident, for the payment for injuries and property damage to third parties. Accident benefit policies or personal injury protection policies provide coverage for loss of income, medical and rehabilitation expenses for insured persons who are injured in an automobile accident, regardless of fault. Physical damage coverage subject to policy terms and conditions provides for the payment of damages to an insured automobile arising from a collision with another object or from other risks such as fire or theft. In the short run, automobile physical damage and liability coverage generally provides more predictable results than automobile accident benefit or personal injury insurance. Atlas' business is carried out through its insurance subsidiaries: American Country Insurance Company (“American Country”), American Service Insurance Company, Inc. (“American Service”), Gateway Insurance Company ("Gateway"), and as of March 11, 2015, Global Liberty Insurance Company of New York ("Global Liberty"), Anchor Group Management, Inc. ("Anchor Management"), Plainview Premium Finance Company, Inc. ("Plainview Delaware") and Plainview Delaware’s wholly-owned subsidiary, Plainview Premium Finance Company of California, Inc. ("Plainview California" and together with Plainview Delaware, "Plainview"). The Insurance Subsidiaries distribute their insurance products through a network of retail independent agents. Together, the Insurance Subsidiaries are licensed to write property and casualty insurance in 49 states and the District of Columbia in the United States. Atlas' core products are actively distributed in 40 of those states plus Washington, D.C. The Insurance Subsidiaries share common management and operating infrastructure. Atlas' ordinary voting common shares were previously listed on the TSX Venture Exchange (“TSXV”) under the symbol “AFH” from January 6, 2011 to June 4, 2013, when Atlas' application for the voluntary delisting of its ordinary voting common shares from the TSXV was approved. Atlas ordinary voting common shares became listed on the NASDAQ stock exchange on February 11, 2013, under the same symbol, AFH. On December 7, 2012, a shareholder meeting was held where a one-for-three reverse stock split was unanimously approved. When the reverse stock split took effect on January 29, 2013, it decreased the authorized and outstanding ordinary voting common shares and restricted voting common shares at a ratio of one-for-three. The primary objective of the reverse stock split was to increase the per share price of Atlas' common shares to meet certain listing requirements of the NASDAQ Capital Market. Unless otherwise noted, all historical share and per share values in this Quarterly Report on Form 10-Q reflect the one-for-three reverse stock split. Basis of presentation - These statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). All significant intercompany accounts and transactions have been eliminated. It is the opinion of management that these financial statements reflect all adjustments necessary for a fair statement of the interim results. The results for the three and six month periods ended June 30, 2015 are not necessarily indicative of the results expected for the full calendar year. The accompanying unaudited condensed consolidated financial statements, in accordance with Securities and Exchange Commission (“SEC”) rules for interim periods, do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements and should be read in conjunction with the Atlas' Annual Report on Form 10-K for the year ended December 31, 2014 , which provides a more complete understanding of the Company’s accounting policies, financial position, operating results, business properties, and other matters. Seasonality - The property and casualty (P&C) insurance business is seasonal in nature. While Atlas' net premiums earned are generally stable from quarter to quarter, Atlas' gross premiums written follow the common renewal dates for the "light" commercial risks that represent its core lines of business. For example, January 1 and March 1 are common taxi cab renewal dates in Illinois and New York, respectively. Additionally, we implemented our New York “excess taxi program” in the third quarter of 2012, which has an annual renewal date in the third quarter. Net underwriting income is driven mainly by the timing and nature of claims, which can vary widely. The accounting policies followed in these unaudited condensed consolidated financial statements are comparable to those applied in Atlas' audited annual consolidated financial statements in the Annual Report on Form 10-K for the period ended December 31, 2014 . Atlas has consistently applied the same accounting policies throughout all periods presented. Segmentation - The Company operates in one business segment, the property and casualty insurance business.

New Accounting Standards

New Accounting Standards	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
New Accounting Standards	NEW ACCOUNTING STANDARDS The accompanying consolidated financial statements have been prepared in conformity with the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC") of accounting principles generally accepted in the United States of America ("GAAP"). These interim financial statements should be read in conjunction with these notes and those included in the Company's 2014 Annual Report on Form 10-K incorporated herein by reference. Pertinent accounting and disclosure pronouncements issued from time to time by the FASB are adopted by the Company as they become effective. In May 2015, the FASB issued guidance requiring additional disclosures about short-duration insurance contracts. The new disclosures, which are required for annual periods beginning after December 31, 2015 and for interim periods beginning after December 31, 2016, are intended to provide additional information about insurance liabilities including the nature, amount, timing, and uncertainty of future cash flows related to those liabilities. Additionally, in May 2014, the FASB issued a comprehensive revenue recognition standard which applies to all entities that have contracts with customers, except for those that fall within the scope of other standards, such as insurance contracts. The Company is currently evaluating the guidance, which will be effective in 2018, to determine the potential impact, if any, of its adoption on its consolidated financial statements. The financial accounting and reporting process relies on estimates and on the exercise of judgment. In the opinion of management all adjustments consisting only of normal recurring accruals necessary for a fair presentation of the results have been recorded for the interim periods. Amounts shown in the consolidated financial statements and applicable notes are stated (except as otherwise indicated and as to share data) in thousands, which amounts may not add to totals shown due to truncation. Necessary reclassifications are made in prior periods' financial statements whenever appropriate to conform to the most current presentation.

Acquisition of Anchor Holdings

Acquisition of Anchor Holdings Group, Inc. et. al.	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Acquisition of Anchor Holdings Group, Inc. et. al.	ACQUISITION OF ANCHOR HOLDINGS GROUP, INC. ET. AL. On March 11, 2015, Atlas acquired Anchor Holdings Group, Inc., a privately owned insurance holding company, and its wholly owned subsidiary, Global Liberty, along with its affiliated entities, Anchor Management, and Plainview (collectively "Anchor"), from an unaffiliated third party. Anchor provides specialized commercial insurance products, including commercial automobile insurance to niche markets such as taxi, black car and sedan service owners and operators primarily in the New York market. Global Liberty is a New York-based insurance company that was writing approximately $40.0 million of annual taxi and limousine net written premium in states deemed favorable to Atlas at the time of the acquisition. Global Liberty is an admitted carrier in 13 states plus the District of Columbia. Atlas' acquisition of Anchor will expand our distribution channel for core commercial automobile lines and provide incremental licensure as well as important infrastructure in the large New York market. Under the terms of the stock purchase agreement, the purchase price was based on the combined U.S. GAAP book value of Anchor at December 31, 2014. Additional consideration, principally in the form of preferred shares, may be paid to the seller, or returned to us by the seller, depending upon the future development of Global Liberty’s actual loss reserves for certain lines of business over time. The total purchase price for the combined entities of Anchor was approximately $23.2 million , consisting of a combination of cash and Atlas preferred shares, and is estimated at approximately 1.3 times combined U.S. GAAP book value. Consideration consisted of approximately $19.2 million in cash and $4.0 million of Atlas preferred shares (consisting of a total of 4,000,000 preferred shares at $1.00 per preferred share), subject to future price adjustments, as noted above. We have contractual protections to offset up to $4.0 million of future adverse reserve development. Global Liberty also wrote homeowners insurance in the northeast, which was non-renewed prior to the transaction. The Anchor acquisition was accounted for using the purchase method. Atlas began consolidating Anchor on March 11, 2015. The following unaudited pro forma summary presents Atlas' consolidated financial information for the three and six month periods ended June 30, 2015 and 2014 as if Anchor had been acquired on January 1, 2014. These amounts have been calculated after applying the Company's accounting policies had the acquisition been completed on January 1, 2014. These results were prepared for comparative purposes only and do not purport to be indicative of the results of operations that may have actually resulted had the acquisition occurred on the indicated dates, nor are they indicative of potential future operating results of the Company. (in '000s, except per share information) Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Revenue $ 39,664 $ 32,633 $ 75,980 $ 63,954 Net income attributable to Atlas 1 $ 4,086 $ 3,146 $ 7,062 $ 5,928 Basic earnings per share 1 $ 0.33 $ 0.29 $ 0.58 $ 0.58 Diluted earnings per share 1 $ 0.31 $ 0.28 $ 0.54 $ 0.55 1 - Excludes expenses incurred in the connection with the Anchor acquisition The value of certain assets and liabilities acquired are subject to adjustment as additional information is obtained, including, but not limited to, valuation of separately identifiable intangibles, the preferred stock issued to the seller, and deferred taxes. The valuations will be finalized within 12 months of the close of the acquisition (not including loss reserve development consideration). The changes upon finalization to the preliminary valuation of assets and liabilities may result in an adjustment to identifiable intangible assets and goodwill. The following table presents assets acquired and liabilities assumed for the Anchor acquisition based on its estimated fair value on March 11, 2015. (in $ '000s) Purchase Consideration Cash $ 19,199 Preferred stock 4,000 Total $ 23,199 Allocation of Purchase Price Cash and investments $ 48,508 Other current assets 31,475 Property and equipment 22 Deferred policy acquisition costs 1,828 Deferred tax assets 608 Value of business acquired and identifiable intangibles 5,176 Total Assets $ 87,617 Claims liabilities $ 30,731 Unearned premiums 22,976 Accounts payable and other liabilities 10,711 Total Liabilities $ 64,418 Net assets acquired $ 23,199 The acquisition of Anchor resulted in the recognition of intangible assets valued at $5.2 million . Atlas recognized no amortization expense during the six month period ended June 30, 2015 related to intangible assets acquired in the Anchor transaction. Atlas incurred $228,000 and $978,000 in transaction expenses related to the Anchor acquisition for the three and six month periods ended June 30, 2015 , respectively and $694,000 in the fourth quarter of 2014.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE Earnings per ordinary voting common shares, restricted voting common shares and participative restricted stock units ("RSU's") (collectively, the "common shares") for the three and six month periods ended June 30, 2015 and June 30, 2014 are as follows: Three Month Periods Ended Six Month Periods Ended (in $000's except for share and per share amounts) June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Basic: Net income attributable to Atlas $ 3,936 $ 2,559 $ 6,073 $ 4,751 Less: Preferred share dividends 80 23 115 46 Net income attributable to common shareholders $ 3,856 $ 2,536 $ 5,958 $ 4,705 Weighted average basic common shares outstanding (includes RSU's) 12,008,624 10,597,515 11,930,172 10,051,291 Basic earnings per common share $ 0.32 $ 0.24 $ 0.50 $ 0.47 Diluted: Weighted average basic common shares outstanding 12,008,624 10,597,515 11,930,172 10,051,291 Add: Dilutive stock options outstanding 218,852 156,124 210,834 143,201 Preferred shares 573,444 254,000 573,444 254,000 Dilutive average common shares outstanding (includes RSU's) 12,800,920 11,007,639 12,714,450 10,448,492 Dilutive earnings per common share $ 0.31 $ 0.23 $ 0.48 $ 0.45 Earnings per diluted common share is computed by dividing net income attributable to Atlas by the weighted average number of common shares outstanding for each period plus the incremental number of shares added as a result of converting dilutive potential ordinary voting common shares, calculated using the treasury stock method (or, in the case of the convertible preferred shares, the "if-converted" method). Atlas’ dilutive potential ordinary voting common shares consist of stock options to purchase ordinary voting common shares and preferred shares potentially convertible to ordinary voting common shares at the option of the holders at any date after December 31, 2015 ( 2,940,500 preferred shares at the rate of 0.1270 ordinary voting common shares for each preferred share) and after March 11, 2018 ( 4,000,000 preferred shares at the rate of 0.05 ordinary voting common shares for each preferred share). The effects of these convertible instruments are excluded from the computation of earnings per diluted common share in periods in which the effect would be anti-dilutive. Convertible preferred shares are anti-dilutive when the amount of dividend declared or accumulated in the current period per common share obtainable upon conversion exceeds basic earnings per share. In the three and six month periods ended June 30, 2015 and 2014 , stock options and all of the convertible preferred shares were deemed to be dilutive.

Investments

Investments	6 Months Ended
	Jun. 30, 2015
Investments [Abstract]
Investments	INVESTMENTS The amortized cost, gross unrealized gains and losses and fair value for Atlas’ investments in fixed maturities, equity investments and other investments are as follows. Atlas' other investments are comprised of various limited partnerships that invest in income-producing real estate, equities, or catastrophe bonds. Atlas' interests in these investments are not deemed minor, and as a result, the Company uses the equity method of accounting. As of June 30, 2015 , the carrying values of these other investments were approximately $15.5 million versus approximately $14.4 million as of December 31, 2014 . The carrying value of these investments is Atlas' share of the net book value for each limited partnership, an amount that approximates fair value. Atlas receives dividends on a routine basis that approximate the income earned on one of the limited partnerships that invest in income-producing real estate. The amortized cost, gross unrealized gains and losses and fair value for Atlas’ investments in fixed income securities, equities and other investments are as follows (all amounts in '000s): As of June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Fixed Income Securities: U.S. Government $ 43,552 $ 96 $ (353 ) $ 43,295 Corporate Banking/financial services 24,473 226 (175 ) 24,524 Consumer goods 9,806 56 (69 ) 9,793 Capital goods 17,798 287 (126 ) 17,959 Energy 5,191 27 (49 ) 5,169 Telecommunications/utilities 13,524 66 (194 ) 13,396 Health care 3,039 1 (31 ) 3,009 Total Corporate 73,831 663 (644 ) 73,850 Mortgage backed - agency 36,075 249 (219 ) 36,105 Mortgage backed - commercial 18,825 152 (177 ) 18,800 Total Mortgage backed 54,900 401 (396 ) 54,905 Other asset backed 21,703 39 (17 ) 21,725 Total Fixed Income Securities 193,986 1,199 (1,410 ) 193,775 Equities 2,148 140 (3 ) 2,285 Other investments 15,504 — — 15,504 Totals $ 211,638 $ 1,339 $ (1,413 ) $ 211,564 As of December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Fixed Income Securities: U.S. Government $ 20,506 $ 32 $ (159 ) $ 20,379 Corporate Banking/financial services 15,551 215 (31 ) 15,735 Consumer goods 3,478 50 (13 ) 3,515 Capital goods 14,285 354 (52 ) 14,587 Energy 2,829 — (84 ) 2,745 Telecommunications/utilities 5,297 67 (8 ) 5,356 Health care 1,948 — (16 ) 1,932 Total Corporate 43,388 686 (204 ) 43,870 Mortgage backed - agency 30,772 250 (160 ) 30,862 Mortgage backed - commercial 16,774 79 (269 ) 16,584 Total Mortgage backed 47,546 329 (429 ) 47,446 Other asset backed 15,261 20 (27 ) 15,254 Total Fixed Income Securities 126,701 1,067 (819 ) 126,949 Equities 2,220 12 (139 ) 2,093 Other investments 14,366 — — 14,366 Totals $ 143,287 $ 1,079 $ (958 ) $ 143,408 The following tables summarize carrying amounts of fixed income securities by contractual maturity. As certain securities and debentures have the right to call or prepay obligations, the actual settlement dates may differ from contractual maturity. One year or One to five Five to ten More than As of June 30, 2015 less years years ten years Total Fixed income securities $ 7,731 $ 73,521 $ 47,414 $ 65,109 $ 193,775 Percentage of total 4.0 % 37.9 % 24.5 % 33.6 % 100.0 % One year or One to five Five to ten More than As of December 31, 2014 less years years ten years Total Fixed income securities $ 1,875 $ 54,349 $ 23,166 $ 47,559 $ 126,949 Percentage of total 1.5 % 42.8 % 18.2 % 37.5 % 100.0 % Management performs a quarterly analysis of Atlas’ investment holdings to determine if declines in fair value are other than temporary (equities may require more timely review in some cases). The analysis includes some or all of the following procedures as deemed appropriate by management: ◦ identifying all security holdings in unrealized loss positions; ◦ obtaining a valuation analysis from third party investment managers regarding these holdings based on their knowledge, experience and other market-based valuation techniques; ◦ reviewing the trading range of certain securities over the preceding calendar period; ◦ assessing whether declines in market value are other than temporary for debt security holdings based on credit ratings from third party security rating agencies; and ◦ determining the necessary provision for declines in market value that are considered other than temporary based on the analyses performed. The risks and uncertainties inherent in the assessment methodology utilized to determine declines in market value that are other than temporary include, but may not be limited to, the following: ◦ the opinion of professional investment managers could prove to be incorrect; ◦ the past trading patterns of individual securities may not reflect future valuation trends; ◦ the credit ratings assigned by independent credit rating agencies may prove to be incorrect due to unforeseen or unknown facts related to a company’s financial situation; and ◦ the debt service pattern of non-investment grade securities may not reflect future debt service capabilities and may not reflect a company’s unknown underlying financial problems. There were no other than temporary impairments recorded in the three and six month periods ended June 30, 2015 and June 30, 2014 as a result of the above analysis performed by management. Overall, Atlas' portfolio was in a net unrealized loss position as of June 30, 2015 . This loss was primarily driven by the changes in market values during the first half of 2015 . The total fair value of the securities currently in an unrealized loss position was $105.0 million as of June 30, 2015 with a total temporary impairment relating to unrealized losses of $1,413,000 . Atlas has the ability and intent to hold these securities until their fair value is recovered. Therefore, Atlas does not expect the market value loss position of these investments to be realized in the near term. The aging of unrealized losses on the Company's investments in fixed income and equity securities is presented as follows (all amounts in '000s): Less Than 12 Months More Than 12 Months Total As of June 30, 2015 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed Income Securities: U.S. Government $ 19,508 $ (309 ) $ 4,646 $ (44 ) $ 24,154 $ (353 ) Corporate Banking/financial services 12,444 (170 ) 596 (5 ) 13,040 (175 ) Consumer goods 6,225 (69 ) — — 6,225 (69 ) Capital goods 7,356 (108 ) 538 (18 ) 7,894 (126 ) Energy 3,805 (49 ) 86 — 3,891 (49 ) Telecommunications/utilities 6,948 (194 ) — — 6,948 (194 ) Health care 2,410 (31 ) — — 2,410 (31 ) Total Corporate 39,188 (621 ) 1,220 (23 ) 40,408 (644 ) Mortgage backed - agency 15,241 (176 ) 2,131 (43 ) 17,372 (219 ) Mortgage backed - commercial 7,037 (44 ) 4,722 (133 ) 11,759 (177 ) Total Mortgage backed 22,278 (220 ) 6,853 (176 ) 29,131 (396 ) Other asset backed 10,971 (13 ) 351 (4 ) 11,322 (17 ) Total Fixed Income Securities $ 91,945 $ (1,163 ) $ 13,070 $ (247 ) $ 105,015 $ (1,410 ) Equities 20 (3 ) — — 20 (3 ) Totals $ 91,965 $ (1,166 ) $ 13,070 $ (247 ) $ 105,035 $ (1,413 ) Less Than 12 Months More Than 12 Months Total As of December 31, 2014 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed Income Securities: U.S. Government $ 2,228 $ (3 ) $ 9,395 $ (156 ) $ 11,623 $ (159 ) Corporate Banking/financial services 3,298 (14 ) 1,523 (17 ) 4,821 (31 ) Consumer goods 269 — 714 (13 ) 983 (13 ) Capital goods 2,599 (19 ) 1,543 (33 ) 4,142 (52 ) Energy 2,583 (82 ) 86 (2 ) 2,669 (84 ) Telecommunications/utilities 1,371 (7 ) 168 (1 ) 1,539 (8 ) Health care 1,443 (10 ) 488 (6 ) 1,931 (16 ) Total Corporate 11,563 (132 ) 4,522 (72 ) 16,085 (204 ) Mortgage backed - agency 4,196 (28 ) 9,202 (132 ) 13,398 (160 ) Mortgage backed - commercial 1,409 (5 ) 9,781 (264 ) 11,190 (269 ) Total Mortgage backed 5,605 (33 ) 18,983 (396 ) 24,588 (429 ) Other asset backed 10,021 (27 ) — — 10,021 (27 ) Total Fixed Income Securities $ 29,417 $ (195 ) $ 32,900 $ (624 ) $ 62,317 $ (819 ) Equities 1,230 (139 ) — — 1,230 (139 ) Totals $ 30,647 $ (334 ) $ 32,900 $ (624 ) $ 63,547 $ (958 ) The following table summarizes the components of net investment income for the three and six month periods ended June 30, 2015 and 2014 (all amounts in '000s): Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Total investment income Interest income $ 902 $ 694 $ 1,494 $ 1,395 Dividends 13 — 42 — Income from other investments 449 98 502 285 Investment expenses (173 ) (113 ) (327 ) (222 ) Net investment income $ 1,191 $ 679 $ 1,711 $ 1,458 The following table summarizes the components of net investment gains (losses) for the three and six month periods ended June 30, 2015 and 2014 (all amounts in '000's): Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Fixed income securities $ 57 $ 97 $ 194 $ 80 Equities (13 ) — (13 ) 6 Net investment realized gains $ 44 $ 97 $ 181 $ 86 Collateral pledged: As of June 30, 2015 and as of December 31, 2014 , bonds and term deposits with a fair value of $15.8 million and $14.5 million , respectively, were on deposit with state and provincial regulatory authorities. Also, from time to time, the Company pledges securities to third parties to collateralize liabilities incurred under its policies of insurance. As of June 30, 2015 and as of December 31, 2014 , the amount of such pledged securities was $6.4 million and $6.8 million , respectively. Collateral pledging transactions are conducted under terms that are common and customary to standard collateral pledging and are subject to the Company’s standard risk management controls. These assets and investment income related thereto remain the property of the Company while pledged. Neither the state, provincial regulatory authorities nor any other third party has the right to re-pledge or sell said securities held on deposit.

Financial and Credit Risk Manag

Financial and Credit Risk Management	6 Months Ended
	Jun. 30, 2015
Financial and Credit Risk Management [Abstract]
Financial and Credit Risk Management	FINANCIAL AND CREDIT RISK MANAGEMENT At June 30, 2015 , Atlas' allowance for bad debt was $725 ,000. Atlas increased its allowance for doubtful accounts by $165 ,000 in the six month period ended June 30, 2015 compared to the balance at December 31, 2014 . This increase consists of: 1) an increase of $ 26,000 related to the run-off worker's compensation program write-offs, 2) an increase of $50,000 related to the Anchor acquisition and 3) an increase of $ 89,000 related to the formulaic modeling correlating to the changes in accounts receivable balances in our core lines during the six month period ended June 30, 2015 . Fair value - Fair value amounts represent estimates of the consideration that would currently be agreed upon between knowledgeable, willing parties who are under no compulsion to act. Atlas records the available for sale securities held in its securities portfolio at their fair value. Atlas primarily uses the services of external securities pricing vendors to obtain these values. The securities are valued using quoted market prices or prices established using observable market inputs. In volatile market conditions, these quoted market prices or observable market inputs can change rapidly causing a significant impact on fair value and financial results recorded. Atlas employs a fair value hierarchy to categorize the inputs it uses in valuation techniques to measure the fair value. The hierarchy is comprised of quoted prices in active markets (Level 1), third party pricing models using available trade, bid and market information (Level 2) and internal models without observable market information (Level 3). The following table summarizes Atlas' investments at fair value as of June 30, 2015 and as of December 31, 2014 (all amounts in '000s): As of June 30, 2015 Level 1 Level 2 Level 3 Total Fixed income securities $ 21,369 $ 172,406 $ — $ 193,775 Equities 2,285 — — 2,285 Other investments — 3,567 11,937 15,504 Totals $ 23,654 $ 175,973 $ 11,937 $ 211,564 As of December 31, 2014 Level 1 Level 2 Level 3 Total Fixed income securities $ 12,608 $ 114,341 $ — $ 126,949 Equities 2,093 — — 2,093 Other investments — 3,346 11,020 14,366 Totals $ 14,701 $ 117,687 $ 11,020 $ 143,408 The Company's investments in fixed income securities that are classified as Level 1 in the two preceding tables consist only of U.S. Treasury Securities. The Company's investments in equity securities that are classified as Level 1 in the two preceding tables consist of investments in publicly-traded common stocks. The Company's investments in fixed income securities that are classified as Level 2 in the two preceding tables consist of investments in corporate bonds, states and political subdivisions bonds and mortgage-backed securities of U.S. government agencies and other asset-backed bonds. The Company's other investments that are classified as Level 2 consist of a limited partnership that invests in equities. For securities classified as Level 3, the Company uses valuations provided by third party fund managers. These valuations are typically the audited net book value for each limited partnership. These limited partnerships invest in income-producing real estate, small business administration loans or catastrophe bonds. Though Atlas believes its valuation methods are appropriate, the use of different methodologies or assumptions to determine its fair value could result in a different fair value as of June 30, 2015 . Management does not believe that reasonable changes to the inputs to its valuation methodology would result in a significantly higher or lower fair value measurement. There were no transfers in or out of Level 2 or Level 3 during the six month period ended June 30, 2015 . Information by security type pertaining to the changes in fair value of the Company's investments classified as Level 3 for the three and six month periods ended June 30, 2015 and 2014 are presented below (all amounts in '000s): Three month period ended June 30, 2015 Fixed Income Securities Other Investments Total Balance at beginning of period $ — $ 11,644 $ 11,644 Total gains included in: Consolidated statement of income — 293 293 Balance at end of period $ — $ 11,937 $ 11,937 Three month period ended June 30, 2014 Fixed Income Securities Other Investments Total Balance at beginning of period $ 713 $ 1,367 $ 2,080 Total gains (losses) included in: Consolidated statement of income 96 (40 ) 56 Purchases — 5,500 5,500 Balance at end of period $ 809 $ 6,827 $ 7,636 Six month period ended June 30, 2015 Fixed Income Securities Other Investments Total Balance at beginning of period $ — $ 11,020 $ 11,020 Total gains included in: Consolidated statement of income — 231 231 Purchases — 686 686 Balance at end of period $ — $ 11,937 $ 11,937 Six month period ended June 30, 2014 Fixed Income Securities Other Investments Total Balance at beginning of period $ 617 $ 1,234 $ 1,851 Total gains included in: Consolidated statement of income 192 93 285 Purchases — 5,500 5,500 Balance at end of period $ 809 $ 6,827 $ 7,636 Capital management - The Company manages capital using both regulatory capital measures and internal metrics. The Company’s capital is primarily derived from common shareholders’ equity, retained deficit and accumulated other comprehensive income (loss). As a holding company, Atlas could derive cash from its Insurance Subsidiaries generally in the form of dividends to meet its obligations, which will primarily consist of operating expense payments and debt payments. Atlas’ Insurance Subsidiaries fund their obligations primarily through premium and investment income and maturities in the securities portfolio. The Insurance Subsidiaries require regulatory approval for the return of capital and, in certain circumstances, prior to the payment of dividends. In the event that dividends available to the holding company are inadequate to cover its operating expenses and debt payments, the holding company would need to raise capital, sell assets or incur future debt. The Insurance Subsidiaries must each maintain a minimum statutory capital and surplus of $1.5 million , $2.4 million and $3.5 million under the provisions of the Illinois Insurance Code, the Missouri Insurance Code and New York Insurance Code, respectively. Dividends may only be paid from statutory unassigned surplus, and payments may not be made if such surplus is less than a stipulated amount. The dividend restriction is the greater of statutory net income or 10% of total statutory capital and surplus. At June 30, 2015 our Insurance Subsidiaries had a combined statutory surplus of $104.3 million and had combined net written premiums and combined statutory net income for the six month period ended June 30, 2015 of $85.1 million and $5.5 million , respectively. At December 31, 2014 , American Country, American Service and Gateway had a combined statutory surplus of $63.0 million and had combined net written premiums and combined statutory net income for the twelve months ended December 31, 2014 of $111.4 million and $7.6 million , respectively. Atlas did not declare or pay any dividends to its common shareholders during the six month period ended June 30, 2015 or in the year ended December 31, 2014 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Atlas' effective tax rate was 36.1% and 38.8% for the three and six month periods ended June 30, 2015 , respectively, and, due to the partial reversal of the deferred tax valuation allowance during the first six months of 2014, 3.8% and 2.1% for the three and six month periods ended June 30, 2014 , respectively. The below table reconciles the U.S. statutory income tax rate of 34% to the effective tax rate (all amounts in '000s): Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Amount % Amount % Amount % Amount % Provision for taxes at U.S. statutory marginal income tax rate of 34% $ 2,097 34.0 % $ 903 34.0 % $ 3,376 34.0 % $ 1,649 34.0 % Provision for deferred tax assets deemed unrealizable (valuation allowance) — — % (872 ) (32.8 )% — — % (1,620 ) (33.4 )% Nondeductible expenses 27 0.4 % 3 0.1 % 46 0.5 % 5 0.1 % State tax (net of federal benefit) 130 2.1 % 66 2.5 % 145 1.5 % 66 1.4 % Nondeductible purchase accounting adjustment — — % — — % 319 3.1 % — — % Other (22 ) (0.4 )% — — % (31 ) (0.3 )% — — % Provision for income taxes for continuing operations $ 2,232 36.1 % $ 100 3.8 % $ 3,855 38.8 % $ 100 2.1 % Income tax expense consists of the following for the three and six month periods ended June 30, 2015 and June 30, 2014 : Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Current tax expense $ 2,056 $ 932 $ 3,690 $ 1,347 Deferred tax expense (benefit) 176 (832 ) 165 (1,247 ) Total $ 2,232 $ 100 $ 3,855 $ 100 Upon the transaction forming Atlas on December 31, 2010, a yearly limitation as required by U.S. Internal Revenue Code of 1986 (as amended, "IRC") Section 382 that applies to changes in ownership on the future utilization of Atlas’ net operating loss carryforwards was calculated. The Insurance Subsidiaries’ prior parent retained those tax assets previously attributed to the Insurance Subsidiaries, which could not be utilized by Atlas as a result of this limitation. As a result, Atlas’ ability to recognize future tax benefits associated with a portion of its deferred tax assets generated during prior years has been permanently limited to the amount determined under IRC Section 382. The result is a maximum expected net deferred tax asset that Atlas has available after the merger which is believed more likely than not to be utilized in the future, after consideration of the valuation allowance. On July 22, 2013, as a result of shareholder activity, a "triggering event" as determined under IRC Section 382 occurred. As a result, under IRC Section 382, the use of the Company's net operating loss and other carryforwards will be limited as a result of this "ownership change” for tax purposes, which is defined as a cumulative change of more than 50% during any three-year period by shareholders owning 5% or greater portions of the Company's shares. Due to this triggering event, the Company estimates that it will retain total tax effected federal net operating loss carryforwards of approximately $13.8 million as of June 30, 2015 . The components of net deferred income tax assets and liabilities as of June 30, 2015 and December 31, 2014 are as follows (all amounts in '000s): As of: June 30, 2015 December 31, 2014 Gross deferred tax assets: Unpaid claims and unearned premiums $ 7,562 $ 5,560 Loss carryforwards 13,762 14,212 Bad debts 229 191 Other 1,545 1,266 Total gross deferred tax assets 23,098 21,229 Gross deferred tax liabilities: Deferred policy acquisition costs 3,455 2,776 Securities 575 740 Other 1,242 396 Total gross deferred tax liabilities 5,272 3,912 Net deferred tax assets $ 17,826 $ 17,317 Amounts and expiration dates of the operating loss carryforwards as of June 30, 2015 are as follows (all amounts in '000s): Year of Occurrence Year of Expiration Amount 2001 2021 $ 6,409 2002 2022 4,317 2006 2026 7,825 2007 2027 5,131 2008 2028 1,949 2009 2029 1,949 2010 2030 1,949 2011 2031 8,371 2012 2032 2,576 Total $ 40,476 Atlas has not established a valuation allowance for its gross future deferred tax assets as of June 30, 2015 or as of December 31, 2014 . Based on Atlas’ expectations of future taxable income, its ability to change its investment strategy, as well as reversing gross future tax liabilities, management believes it is more likely than not that Atlas will fully realize the net future tax assets. The Company, therefore, released its remaining valuation allowance at December 31, 2014 . Atlas accounts for uncertain tax positions in accordance with the income taxes accounting guidance. Atlas has analyzed filing positions in the federal and state jurisdiction where it is required to file tax returns, as well as the open tax years in these jurisdictions. Atlas believes that its federal and state income tax filing positions and deductions will be sustained on audit and does not anticipate any adjustments that will result in a material change to its financial position. Therefore, no reserves for uncertain federal and state income tax positions have been recorded. Atlas would recognize interest and penalties related to unrecognized tax benefits as a component of the provision for federal income taxes. Atlas did not incur any federal income tax related interest income, interest expense or penalties for the six month period ended June 30, 2015 or the year ended December 31, 2014 . Tax years 2009 through 2015 are subject to examination by the Internal Revenue Service ("IRS"). The Company's 2012 tax year is currently under examination by the IRS.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES On May 22, 2012, Atlas closed the sale of its headquarters building to 150 Northwest Point, LLC, a Delaware limited liability company. Atlas recognized a gain on the sale of this property of $213,000 , which will be deferred and recognized over the 5 year lease term. Atlas recognized $21,000 as an offset to rent expense for each of the six month periods ended June 30, 2015 and 2014 . Total rental expense recognized on the headquarters building was $355,000 and $361,000 for the six month periods ended June 30, 2015 and 2014 , respectively. As of June 30, 2015 , Atlas has the following future minimum rentals, related principally to office space, required under operating leases (all amounts in '000s): Year 2015 2016 2017 2018 2019 & Beyond Total Amount $ 944 $ 1,554 $ 1,011 $ 753 $ 2,533 $ 6,795 In the ordinary course of its business, Atlas is involved in legal proceedings, including lawsuits, regulatory examinations and inquiries. Based on currently available information, the Company does not believe that it is reasonably possible that any of its pending legal proceedings will have a material effect on the Company's Consolidated Financial Statements. Atlas is exposed to credit risk on balances receivable from policyholders, agents and reinsurers. Credit exposure to any one individual policyholder is not material. The Company's policies, however, are distributed by agents who may manage cash collection on its behalf pursuant to the terms of their agency agreement. Atlas has procedures to monitor and minimize its exposure to delinquent agent balances including, but not limited to, reviewing account current statements, processing policy cancellations for non-payment and other collection efforts deemed appropriate. Atlas also has procedures to evaluate the financial condition of its reinsurers and monitors concentrations of credit risk arising from similar geographic regions, activities, or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurers’ insolvency. Virtually all states require insurers licensed to do business therein to bear a portion of contingent and incurred claim handling expenses and the unfunded amount of “covered” claim and unearned premium obligations of impaired or insolvent insurance companies, either up to the policy's limit, the applicable guaranty fund covered claim obligation cap, or 100% of statutorily defined workers' compensation benefits, subject to applicable deductibles. These obligations are funded by assessments, made on a retrospective, prospective or pre-funded basis, which are levied by guaranty associations within the state, up to prescribed limits (typically 2% of “net direct written premium”), on all member insurers in the state on the basis of the proportionate share of the premiums written by member insurers in certain covered lines of business in which the impaired, insolvent or failed insurer was engaged. In addition, as a condition to the ability to conduct business in certain states (and within the jurisdiction of some local governments), insurance companies are subject to or required to participate in various premium or loss based insurance-related assessments, including mandatory (a/k/a “involuntary”) insurance pools, underwriting associations, workers' compensation second-injury funds, reinsurance funds and other state insurance facilities.

Software and Office Equipment

Software and Office Equipment	6 Months Ended
	Jun. 30, 2015
Software and Office Equipment [Abstract]
Software and Office Equipment	SOFTWARE AND OFFICE EQUIPMENT Atlas held the following internal use software and capital assets as of June 30, 2015 and as of December 31, 2014 , excluding assets held for sale (all amounts in '000s): As of: June 30, 2015 December 31, 2014 Leasehold improvements $ 501 $ 501 Internal use software 7,482 7,372 Computer equipment 2,132 1,844 Furniture and other office equipment 547 397 Total 10,662 10,114 Accumulated depreciation (7,776 ) (7,295 ) Balance, end of period $ 2,886 $ 2,819 Depreciation expense and amortization was $394 ,000 and $432 ,000 for the six month periods ended June 30, 2015 and 2014 , respectively. For the year ended December 31, 2014 , depreciation expense and amortization was $856 ,000.

Underwriting Policy and Reinsur

Underwriting Policy and Reinsurance Ceded	6 Months Ended
	Jun. 30, 2015
Underwriting Policy and Reinsurance Ceded [Abstract]
Underwriting Policy and Reinsurance Ceded	UNDERWRITING POLICY AND REINSURANCE CEDED Underwriting Risk - Underwriting risk is the risk that the total cost of claims and acquisition expenses will exceed premiums received and can arise from numerous factors, including pricing risk, reserving risk, catastrophic loss risk, reinsurance coverage risk and that loss and loss adjustment expense reserves are not sufficient. Reinsurance Ceded - As is customary in the insurance industry, Atlas reinsures portions of certain insurance policies it writes, thereby providing a greater diversification of risk and minimizing exposure on larger risks. Atlas remains contingently at risk with respect to any reinsurance ceded and would incur an additional loss if an assuming company were unable to meet its obligation under the reinsurance treaty. Atlas monitors the financial condition of its reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. Letters of credit are maintained for any unauthorized reinsurer to cover ceded unearned premium, ceded loss reserve balances and ceded paid losses. These policies mitigate the risk of credit quality or dispute from becoming a danger to financial strength. To date, the Company has not experienced any material difficulties in collecting reinsurance recoverables. Gross premiums written and ceded premiums, losses and commissions for the three and six month periods ended June 30, 2015 and 2014 are as follows (all amounts in '000s): Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Direct premiums written $ 46,453 $ 23,011 $ 91,321 $ 54,105 Assumed premiums written 122 (210 ) 227 (80 ) Ceded premiums written (10,223 ) (1,447 ) (14,617 ) (3,458 ) Net premiums written $ 36,352 $ 21,354 $ 76,931 $ 50,567 Direct premiums earned $ 45,546 $ 25,344 $ 79,599 $ 49,361 Assumed premiums earned 152 (118 ) 281 20 Ceded premiums earned (7,394 ) (1,920 ) (11,409 ) (4,121 ) Net premiums earned $ 38,304 $ 23,306 $ 68,471 $ 45,260 Ceded losses and loss adjustment expenses 2,934 127 3,832 747 Ceding commissions 1,350 429 2,520 941

Unpaid Claims

Unpaid Claims	6 Months Ended
	Jun. 30, 2015
Unpaid Claims [Abstract]
Unpaid Claims	UNPAID CLAIMS Claims liabilities - The changes in the provision for unpaid claims, net of amounts recoverable from reinsurers, for the three and six month periods ended June 30, 2015 and 2014 were as follows (all amounts in '000s): Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Unpaid claims, beginning of period $ 130,440 $ 100,179 $ 102,430 $ 101,385 Less: reinsurance recoverable 29,156 17,706 18,421 18,144 Net unpaid claims, beginning of period 101,284 82,473 84,009 83,241 Net reserves acquired — — 19,396 — Loss portfolio transfer 901 1,475 887 1,630 Incurred related to: Current year 22,178 14,587 40,739 28,716 Prior years 351 (165 ) (1,278 ) (375 ) 22,529 14,422 39,461 28,341 Paid related to: Current year 7,313 4,229 10,457 6,418 Prior years 17,787 10,494 33,682 23,147 25,100 14,723 44,139 29,565 Net unpaid claims, end of period 99,614 83,647 99,614 83,647 Add: reinsurance recoverable 26,844 15,658 26,844 15,658 Unpaid claims, end of period $ 126,458 $ 99,305 $ 126,458 $ 99,305 The process of establishing the estimated provision for unpaid claims is complex and imprecise, as it relies on the judgment and opinions of a large number of individuals, on historical precedent and trends, on prevailing legal, economic, social and regulatory trends and on expectations as to future developments. The process of determining the provision necessarily involves risks that the actual results will deviate, perhaps substantially, from the best estimates made. The establishment of reserves is an inherently uncertain process involving estimates; and current provisions may not be sufficient. Adjustments to reserves, both positive and negative, are reflected quarterly in the statement of income as estimates are updated. The unfavorable development in the three month period ended June 30, 2015 resulted from Atlas' participation in non-voluntary assigned risk pools. Assigned risk pools are established by state governments to cover high-risk insureds who cannot purchase insurance through conventional means. The favorable development in the six month period ended June 30, 2015 was primarily related to a redundancy in Gateway's commercial auto reserves offset by Atlas' participation in non-voluntary assigned risk pools. Gateway's favorable development was primarily related to claims incurred prior to the pre-acquisition period. Atlas issued preferred shares and recorded additional acquisition expense to partially offset this favorable development in the first quarter of 2015. The favorable development in the three and six month periods ended June 30, 2014 was related to a program that remains in run-off.

Share Based Compensation

Share Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share Based Compensation	SHARE BASED COMPENSATION On January 6, 2011, Atlas adopted a stock option plan (the “Stock Option Plan”) in order to advance the interests of Atlas by providing incentives to eligible persons defined in the plan. In the second quarter of 2013, a new equity incentive plan (the “Equity Incentive Plan”) was approved by the Company's common shareholders at the Annual General Meeting, and Atlas ceased to grant new stock options under the preceding Stock Option Plan. The Equity Incentive Plan is a securities based compensation plan, pursuant to which Atlas may issue restricted stock grants for ordinary voting common shares, restricted units, stock grants for ordinary voting common shares, stock options and other forms of equity incentives to eligible persons as part of their compensation. The Equity Incentive Plan is considered an amendment and restatement of the Stock Option Plan, although outstanding stock options issued pursuant to the Stock Option Plan will continue to be governed by the terms of the Stock Option Plan. Stock options - Stock option activity for the six month periods ended June 30, 2015 and 2014 follows (prices in Canadian dollars designated with "C$" and United States dollars designated with "US$" ): Six Month Periods Ended June 30, 2015 June 30, 2014 C$ Denominated: Number of Shares Average Exercise Price Number of Shares Average Exercise Price Outstanding, beginning of period 224,623 C$6.05 224,623 C$6.05 Granted — — — — Exercised — — — — Outstanding, end of period 224,623 C$6.05 224,623 C$6.05 Six Month Periods Ended June 30, 2015 June 30, 2014 US$ Denominated: Number of Shares Average Exercise Price Number of Shares Average Exercise Price Outstanding, beginning of period 175,000 US$13.26 — — Granted 200,000 US$20.29 175,000 US$13.26 Exercised — — — — Outstanding, end of period 375,000 US$17.01 175,000 US$13.26 There are 252,400 stock options that are exercisable as of June 30, 2015 . The stock option grants outstanding have a weighted average remaining life of 8.15 years and have an intrinsic value of $3.6 million as of June 30, 2015 . Restricted shares - The activity for the restricted shares and restricted share units for the six month periods ended June 30, 2015 and 2014 are as follows: Six Month Periods Ended June 30, 2015 June 30, 2014 Number of Shares Weighted Average Fair Value at Grant Date Number of Shares Weighted Average Fair Value at Grant Date Non-vested, beginning of period 185,190 $ 12.20 — $ — Granted 200,000 17.99 185,190 12.20 Vested (37,035 ) 12.20 — — Non-vested, end of period 348,155 $ 15.53 185,190 $ 12.20 In accordance with ASC 718 (Stock-Based Compensation), Atlas has recognized stock compensation expense on a straight-line basis over the requisite service period of the last separately vesting portion of the award. Stock compensation expense is a component of other underwriting expenses on the income statement. Atlas recognized $391,000 and $824,000 in stock compensation expense for the three and six month periods ended June 30, 2015 , respectively. For the three and six month periods ended June 30, 2014 , we incurred $301,000 and $943,000 , respectively, of share based compensation expense. Total unearned stock compensation expense was $2.1 million related to all stock option grants and $3.5 million related to restricted shares and restricted share units as of June 30, 2015 . This deferred stock compensation expense will be amortized over the next 56 months.

Other Employee Benefit Plans

Other Employee Benefit Plans	6 Months Ended
	Jun. 30, 2015
Other Employee Benefit Plans [Abstract]
Other Employee Benefit Plans	OTHER EMPLOYEE BENEFIT PLANS Defined Contribution Plan - On March 1, 2011, Atlas formed a defined contribution 401(k) plan covering all qualified employees of Atlas and its subsidiaries. Employees can choose to contribute up to 60% of their annual earnings, but not more than $18,000 for 2015 , to the plan. Qualifying employees age 50 and older can contribute an additional $6,000 during 2015 . Effective April 2014, Atlas matches 100% of the employee contribution up to 2.5% of annual earnings plus 50% of additional contributions up to 2.5% of annual earnings for a total maximum expense of 3.75% of annual earnings per participant. Atlas contributions are discretionary. Employees are 100% vested in their own contributions and vest in Atlas contributions based on years of service equally over 5 years with 100% vested after 5 years . Company contributions were $151,000 and $95,000 for the six month periods ended June 30, 2015 and 2014 , respectively. Employee Stock Purchase Plan - On June 1, 2011, Atlas initiated the Atlas Employee Stock Purchase Plan (the “ESPP”) to encourage continued employee interest in the operation, growth and development of Atlas and to provide an additional investment opportunity to employees. Beginning in June 2011, full time and permanent part time employees working more than 30 hours per week were allowed to invest up to 5% of adjusted salary in Atlas ordinary voting common shares. Effective April 2014, Atlas matches 100% of the employee contribution up to 2.5% of annual earnings plus 50% of additional contributions up to 5% of annual earnings for a total maximum expense of 5% of annual earnings per participant. Atlas also pays all administrative costs related to this plan. Atlas' costs incurred related to the matching portion of the ESPP were $73,000 and $48,000 for the six month periods ended June 30, 2015 and 2014 , respectively. Share purchases pursuant to this plan are made in the open market.

Share Capital

Share Capital	6 Months Ended
	Jun. 30, 2015
Share Capital [Abstract]
Share Capital	SHARE CAPITAL The share capital for the common shares is as follows: June 30, 2015 December 31, 2014 Shares Authorized Shares Issued and Outstanding Amount (in '000s) Shares Issued and Outstanding Amount (in '000s) Ordinary Voting Common 266,666,667 11,846,130 $ 36 11,638,723 $ 34 Restricted Voting Common 33,333,334 132,863 — 132,863 — Total common shares 300,000,001 11,978,993 $ 36 11,771,586 $ 34 All of the issued and outstanding restricted voting common shares are beneficially owned or controlled by Kingsway Financial Services, Inc. (including its subsidiaries and affiliated companies, "Kingsway"). The restricted voting common shares are entitled to vote at all meetings of shareholders, except at meetings of holders of a specific class that are entitled to vote separately as a class. The restricted voting common shares as a class shall not carry more than 30% of the aggregate votes eligible to be voted at a general meeting of common shareholders. The restricted voting common shares will convert to ordinary voting common shares in the event that these Kingsway-owned shares are sold to non-affiliates of Kingsway. There were 29,631 and 37,038 non-vested restricted stock units (RSUs) as of June 30, 2015 and December 31, 2014 , respectively. These RSUs are participative and are included in the computations of earnings per share and book value per share for these periods. During the six month period ended June 30, 2015 , the Company issued 7,407 ordinary voting common shares as a result of the vesting of RSUs and 200,000 non-vested restricted shares to a director and the officers, respectively. These shares were granted and issued under the Company's Equity Incentive Plan. During the first quarter of 2015, the Company issued 4,000,000 preferred shares as a portion of the consideration related to the Anchor acquisition and an additional 940,500 preferred shares pursuant to the Gateway stock purchase agreement. At June 30, 2015 there were 6,940,500 preferred shares outstanding. These preferred shares are beneficially owned or controlled by the former parents of Gateway ( 2,940,500 preferred shares) and Anchor ( 4,000,000 preferred shares). The Gateway preferred shares issued during the first quarter of 2015 have been recorded as additional acquisition expense and not as an adjustment to goodwill because the fair value of the contingent consideration was determined to be zero at the date of the Gateway acquisition. In accordance with U.S. GAAP, such adjustments are reflected in the income statement in the period that the contingency is re-estimated. The estimate of this contingency could change in the future until all remaining claims are settled. Preferred shareholders are entitled to dividends on a cumulative basis, whether or not declared by the Board of Directors, at the rate of $0.045 per share per year ( 4.5% ) and may be paid in cash or in additional preferred shares at the option of Atlas. In liquidation, dissolution or winding-up of Atlas, preferred shareholders receive the greater of $1.00 per share plus all declared and unpaid dividends or the amount they would receive in liquidation if the preferred shares had been converted to restricted voting common shares or ordinary voting common shares immediately prior to liquidation. The preferred shares are redeemable at the option of Atlas at a price of $1.00 per share plus accrued and unpaid dividends, subject to certain conditions, prior to the conversion date. Preferred shares are not entitled to vote. Preferred shares are convertible into ordinary voting common shares at the option of the former parents of Gateway and Anchor at any date after the fifth year of issuance at the rate of 0.1270 and .05 , respectively, of ordinary voting common shares for each preferred share. The conversion rate is subject to change if the number of ordinary voting common shares or restricted voting common shares changes by way of an anti-dilution event. During the six month period ended June 30, 2015 , Atlas did not declare or pay dividends earned through the preferred shares. The former parents of Gateway and Anchor earned $60,000 and $55,000 , respectively, in dividends during the six month period ended June 30, 2015 . Through June 30, 2015 , Atlas has accrued $244,000 and $55,000 in dividends for the former parents of Gateway and Anchor, respectively, which remain unpaid.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	6 Months Ended
	Jun. 30, 2015
Deferred Policy Acquisition Costs [Abstract]
Deferred Policy Acquisition Costs	DEFERRED POLICY ACQUISITION COSTS Deferred policy acquisition costs for the six month periods ended June 30, 2015 and 2014 (in '000s): Six Month Periods Ended June 30, 2015 June 30, 2014 Balance, beginning of period $ 8,166 $ 6,674 Acquired in business combination 1,828 — Acquisition costs deferred 9,163 7,181 Amortization charged to income 8,995 6,566 Balance, end of period $ 10,162 $ 7,289

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS During the periods presented, a small percentage of the Company’s investment portfolio was allocated to investment vehicles, primarily focused on income generating real estate, that are considered related-party transactions. In these cases, one or more of the Company’s directors may be deemed to control unrelated entities that may invest in these vehicles and may also manage these vehicles. In total, such related-party investments were less than 1% of the Company’s total assets.

Note Payable

Note Payable	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Note Payable	NOTE PAYABLE On March 9, 2015, American Insurance Acquisition, Inc. ("American Acquisition") entered into a loan and security agreement (“Loan Agreement”) for a $35.0 million loan facility with Fifth Third Bank. The Loan Agreement includes a $30.0 million line of credit ("Draw amount"), which can be drawn in increments at any time during the first twelve months of the agreement effective date of March 9, 2015. The $30.0 million line of credit has a five year term and bears interest at one-month LIBOR plus 4.5% . The Loan Agreement also includes a $5.0 million revolving line of credit ("Revolver") that bears interest at one month LIBOR plus 2.75% . This $5.0 million revolving line of credit replaces the $10.0 million revolving line of credit American Acquisition previously had in place with Fifth Third Bank. The Loan Agreement also provides for the issuance of letters of credit in an amount up to $2.0 million outstanding at any time. In addition, there is a non-utilization fee for each of the $30.0 million line of credit and $5.0 million revolving line of credit equal to 0.50% per annum of an amount equal to $30.0 million and $5.0 million , respectively, less the daily average of the aggregate principal amount outstanding under such credit lines (plus, in the case of the $30.0 million line of credit, the aggregate amount of the letter of credit obligations outstanding). The Loan Agreement requires American Acquisition to comply with customary affirmative and negative covenants, including those governing indebtedness, liens, investments, sales of assets, issuance of securities, and distributions. The Loan Agreement also requires American Acquisition to make mandatory prepayments under certain conditions and to comply with certain financial covenants, including the ASI Pool Subsidiaries (defined below) maintaining a combined statutory net worth in an amount not less than $60.0 million (subject to adjustment) and maintaining a minimum funded debt to Earnings Before Interest, Taxes, Depreciation and Amortization ratio. The Loan Agreement is secured by substantially all of the property of American Acquisition, including all of the outstanding shares of American Country, American Service and Gateway, which are wholly-owned direct subsidiaries of American Acquisition (the “ASI Pool Subsidiaries”). As of June 30, 2015 , American Acquisition is currently in compliance with the covenants of the Loan Agreement. As of June 30, 2015 , $2.5 million in funds were accessed from the Revolver and used for the Anchor acquisition. $15.5 million in funds were accessed against the Draw amount as of June 30, 2015 . The draw was contributed to the ASI Pool Subsidiaries in exchange for surplus notes that carry a variable interest rate of prime plus 2% with a maturity date of April 30, 2020. No letters of credit were issued under the terms of this Loan Agreement as of June 30, 2015. For the six month period ended June 30, 2015 , American Acquisition incurred interest expense of $139,000 and bank fees of $42,000 in connection with the Loan Agreement. As of June 30, 2015 , unamortized bank fees associated with the Loan Agreement were $315,000 . These bank fees will be amortized over the next 56 months.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS None.

Nature of Operations and Basi25

Nature of Operations and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of presentation - These statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). All significant intercompany accounts and transactions have been eliminated. It is the opinion of management that these financial statements reflect all adjustments necessary for a fair statement of the interim results. The results for the three and six month periods ended June 30, 2015 are not necessarily indicative of the results expected for the full calendar year. The accompanying unaudited condensed consolidated financial statements, in accordance with Securities and Exchange Commission (“SEC”) rules for interim periods, do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements and should be read in conjunction with the Atlas' Annual Report on Form 10-K for the year ended December 31, 2014 , which provides a more complete understanding of the Company’s accounting policies, financial position, operating results, business properties, and other matters.
New Accounting Standards	NEW ACCOUNTING STANDARDS The accompanying consolidated financial statements have been prepared in conformity with the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC") of accounting principles generally accepted in the United States of America ("GAAP"). These interim financial statements should be read in conjunction with these notes and those included in the Company's 2014 Annual Report on Form 10-K incorporated herein by reference. Pertinent accounting and disclosure pronouncements issued from time to time by the FASB are adopted by the Company as they become effective. In May 2015, the FASB issued guidance requiring additional disclosures about short-duration insurance contracts. The new disclosures, which are required for annual periods beginning after December 31, 2015 and for interim periods beginning after December 31, 2016, are intended to provide additional information about insurance liabilities including the nature, amount, timing, and uncertainty of future cash flows related to those liabilities. Additionally, in May 2014, the FASB issued a comprehensive revenue recognition standard which applies to all entities that have contracts with customers, except for those that fall within the scope of other standards, such as insurance contracts. The Company is currently evaluating the guidance, which will be effective in 2018, to determine the potential impact, if any, of its adoption on its consolidated financial statements. The financial accounting and reporting process relies on estimates and on the exercise of judgment. In the opinion of management all adjustments consisting only of normal recurring accruals necessary for a fair presentation of the results have been recorded for the interim periods. Amounts shown in the consolidated financial statements and applicable notes are stated (except as otherwise indicated and as to share data) in thousands, which amounts may not add to totals shown due to truncation. Necessary reclassifications are made in prior periods' financial statements whenever appropriate to conform to the most current presentation.

Acquisition of Anchor Holding26

Acquisition of Anchor Holdings Group, Inc. et. al. (Tables)	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Schedule of Pro Forma Information	The following unaudited pro forma summary presents Atlas' consolidated financial information for the three and six month periods ended June 30, 2015 and 2014 as if Anchor had been acquired on January 1, 2014. These amounts have been calculated after applying the Company's accounting policies had the acquisition been completed on January 1, 2014. These results were prepared for comparative purposes only and do not purport to be indicative of the results of operations that may have actually resulted had the acquisition occurred on the indicated dates, nor are they indicative of potential future operating results of the Company. (in '000s, except per share information) Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Revenue $ 39,664 $ 32,633 $ 75,980 $ 63,954 Net income attributable to Atlas 1 $ 4,086 $ 3,146 $ 7,062 $ 5,928 Basic earnings per share 1 $ 0.33 $ 0.29 $ 0.58 $ 0.58 Diluted earnings per share 1 $ 0.31 $ 0.28 $ 0.54 $ 0.55 1 - Excludes expenses incurred in the connection with the Anchor acquisition
Schedule of Purchase Price Allocation	The following table presents assets acquired and liabilities assumed for the Anchor acquisition based on its estimated fair value on March 11, 2015. (in $ '000s) Purchase Consideration Cash $ 19,199 Preferred stock 4,000 Total $ 23,199 Allocation of Purchase Price Cash and investments $ 48,508 Other current assets 31,475 Property and equipment 22 Deferred policy acquisition costs 1,828 Deferred tax assets 608 Value of business acquired and identifiable intangibles 5,176 Total Assets $ 87,617 Claims liabilities $ 30,731 Unearned premiums 22,976 Accounts payable and other liabilities 10,711 Total Liabilities $ 64,418 Net assets acquired $ 23,199

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Earnings per ordinary voting common shares, restricted voting common shares and participative restricted stock units ("RSU's") (collectively, the "common shares") for the three and six month periods ended June 30, 2015 and June 30, 2014 are as follows: Three Month Periods Ended Six Month Periods Ended (in $000's except for share and per share amounts) June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Basic: Net income attributable to Atlas $ 3,936 $ 2,559 $ 6,073 $ 4,751 Less: Preferred share dividends 80 23 115 46 Net income attributable to common shareholders $ 3,856 $ 2,536 $ 5,958 $ 4,705 Weighted average basic common shares outstanding (includes RSU's) 12,008,624 10,597,515 11,930,172 10,051,291 Basic earnings per common share $ 0.32 $ 0.24 $ 0.50 $ 0.47 Diluted: Weighted average basic common shares outstanding 12,008,624 10,597,515 11,930,172 10,051,291 Add: Dilutive stock options outstanding 218,852 156,124 210,834 143,201 Preferred shares 573,444 254,000 573,444 254,000 Dilutive average common shares outstanding (includes RSU's) 12,800,920 11,007,639 12,714,450 10,448,492 Dilutive earnings per common share $ 0.31 $ 0.23 $ 0.48 $ 0.45

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2015
Investments [Abstract]
Schedule of Available-for-sale Securities	The amortized cost, gross unrealized gains and losses and fair value for Atlas’ investments in fixed income securities, equities and other investments are as follows (all amounts in '000s): As of June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Fixed Income Securities: U.S. Government $ 43,552 $ 96 $ (353 ) $ 43,295 Corporate Banking/financial services 24,473 226 (175 ) 24,524 Consumer goods 9,806 56 (69 ) 9,793 Capital goods 17,798 287 (126 ) 17,959 Energy 5,191 27 (49 ) 5,169 Telecommunications/utilities 13,524 66 (194 ) 13,396 Health care 3,039 1 (31 ) 3,009 Total Corporate 73,831 663 (644 ) 73,850 Mortgage backed - agency 36,075 249 (219 ) 36,105 Mortgage backed - commercial 18,825 152 (177 ) 18,800 Total Mortgage backed 54,900 401 (396 ) 54,905 Other asset backed 21,703 39 (17 ) 21,725 Total Fixed Income Securities 193,986 1,199 (1,410 ) 193,775 Equities 2,148 140 (3 ) 2,285 Other investments 15,504 — — 15,504 Totals $ 211,638 $ 1,339 $ (1,413 ) $ 211,564 As of December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Fixed Income Securities: U.S. Government $ 20,506 $ 32 $ (159 ) $ 20,379 Corporate Banking/financial services 15,551 215 (31 ) 15,735 Consumer goods 3,478 50 (13 ) 3,515 Capital goods 14,285 354 (52 ) 14,587 Energy 2,829 — (84 ) 2,745 Telecommunications/utilities 5,297 67 (8 ) 5,356 Health care 1,948 — (16 ) 1,932 Total Corporate 43,388 686 (204 ) 43,870 Mortgage backed - agency 30,772 250 (160 ) 30,862 Mortgage backed - commercial 16,774 79 (269 ) 16,584 Total Mortgage backed 47,546 329 (429 ) 47,446 Other asset backed 15,261 20 (27 ) 15,254 Total Fixed Income Securities 126,701 1,067 (819 ) 126,949 Equities 2,220 12 (139 ) 2,093 Other investments 14,366 — — 14,366 Totals $ 143,287 $ 1,079 $ (958 ) $ 143,408
Summary of Carrying Amounts of Fixed Income Securities, by Contractual Maturity	The following tables summarize carrying amounts of fixed income securities by contractual maturity. As certain securities and debentures have the right to call or prepay obligations, the actual settlement dates may differ from contractual maturity. One year or One to five Five to ten More than As of June 30, 2015 less years years ten years Total Fixed income securities $ 7,731 $ 73,521 $ 47,414 $ 65,109 $ 193,775 Percentage of total 4.0 % 37.9 % 24.5 % 33.6 % 100.0 % One year or One to five Five to ten More than As of December 31, 2014 less years years ten years Total Fixed income securities $ 1,875 $ 54,349 $ 23,166 $ 47,559 $ 126,949 Percentage of total 1.5 % 42.8 % 18.2 % 37.5 % 100.0 %
Schedule of Unrealized Loss on Investments	The aging of unrealized losses on the Company's investments in fixed income and equity securities is presented as follows (all amounts in '000s): Less Than 12 Months More Than 12 Months Total As of June 30, 2015 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed Income Securities: U.S. Government $ 19,508 $ (309 ) $ 4,646 $ (44 ) $ 24,154 $ (353 ) Corporate Banking/financial services 12,444 (170 ) 596 (5 ) 13,040 (175 ) Consumer goods 6,225 (69 ) — — 6,225 (69 ) Capital goods 7,356 (108 ) 538 (18 ) 7,894 (126 ) Energy 3,805 (49 ) 86 — 3,891 (49 ) Telecommunications/utilities 6,948 (194 ) — — 6,948 (194 ) Health care 2,410 (31 ) — — 2,410 (31 ) Total Corporate 39,188 (621 ) 1,220 (23 ) 40,408 (644 ) Mortgage backed - agency 15,241 (176 ) 2,131 (43 ) 17,372 (219 ) Mortgage backed - commercial 7,037 (44 ) 4,722 (133 ) 11,759 (177 ) Total Mortgage backed 22,278 (220 ) 6,853 (176 ) 29,131 (396 ) Other asset backed 10,971 (13 ) 351 (4 ) 11,322 (17 ) Total Fixed Income Securities $ 91,945 $ (1,163 ) $ 13,070 $ (247 ) $ 105,015 $ (1,410 ) Equities 20 (3 ) — — 20 (3 ) Totals $ 91,965 $ (1,166 ) $ 13,070 $ (247 ) $ 105,035 $ (1,413 ) Less Than 12 Months More Than 12 Months Total As of December 31, 2014 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed Income Securities: U.S. Government $ 2,228 $ (3 ) $ 9,395 $ (156 ) $ 11,623 $ (159 ) Corporate Banking/financial services 3,298 (14 ) 1,523 (17 ) 4,821 (31 ) Consumer goods 269 — 714 (13 ) 983 (13 ) Capital goods 2,599 (19 ) 1,543 (33 ) 4,142 (52 ) Energy 2,583 (82 ) 86 (2 ) 2,669 (84 ) Telecommunications/utilities 1,371 (7 ) 168 (1 ) 1,539 (8 ) Health care 1,443 (10 ) 488 (6 ) 1,931 (16 ) Total Corporate 11,563 (132 ) 4,522 (72 ) 16,085 (204 ) Mortgage backed - agency 4,196 (28 ) 9,202 (132 ) 13,398 (160 ) Mortgage backed - commercial 1,409 (5 ) 9,781 (264 ) 11,190 (269 ) Total Mortgage backed 5,605 (33 ) 18,983 (396 ) 24,588 (429 ) Other asset backed 10,021 (27 ) — — 10,021 (27 ) Total Fixed Income Securities $ 29,417 $ (195 ) $ 32,900 $ (624 ) $ 62,317 $ (819 ) Equities 1,230 (139 ) — — 1,230 (139 ) Totals $ 30,647 $ (334 ) $ 32,900 $ (624 ) $ 63,547 $ (958 )
Summary of Components of Net Investment Income	The following table summarizes the components of net investment income for the three and six month periods ended June 30, 2015 and 2014 (all amounts in '000s): Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Total investment income Interest income $ 902 $ 694 $ 1,494 $ 1,395 Dividends 13 — 42 — Income from other investments 449 98 502 285 Investment expenses (173 ) (113 ) (327 ) (222 ) Net investment income $ 1,191 $ 679 $ 1,711 $ 1,458
Summary of Components of Net Investment Realized Gains	The following table summarizes the components of net investment gains (losses) for the three and six month periods ended June 30, 2015 and 2014 (all amounts in '000's): Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Fixed income securities $ 57 $ 97 $ 194 $ 80 Equities (13 ) — (13 ) 6 Net investment realized gains $ 44 $ 97 $ 181 $ 86

Financial and Credit Risk Man29

Financial and Credit Risk Management (Tables)	6 Months Ended
	Jun. 30, 2015
Financial and Credit Risk Management [Abstract]
Summary of Investments at Fair Value	The following table summarizes Atlas' investments at fair value as of June 30, 2015 and as of December 31, 2014 (all amounts in '000s): As of June 30, 2015 Level 1 Level 2 Level 3 Total Fixed income securities $ 21,369 $ 172,406 $ — $ 193,775 Equities 2,285 — — 2,285 Other investments — 3,567 11,937 15,504 Totals $ 23,654 $ 175,973 $ 11,937 $ 211,564 As of December 31, 2014 Level 1 Level 2 Level 3 Total Fixed income securities $ 12,608 $ 114,341 $ — $ 126,949 Equities 2,093 — — 2,093 Other investments — 3,346 11,020 14,366 Totals $ 14,701 $ 117,687 $ 11,020 $ 143,408
Summary of Changes in Fair Value by Security Type	Information by security type pertaining to the changes in fair value of the Company's investments classified as Level 3 for the three and six month periods ended June 30, 2015 and 2014 are presented below (all amounts in '000s): Three month period ended June 30, 2015 Fixed Income Securities Other Investments Total Balance at beginning of period $ — $ 11,644 $ 11,644 Total gains included in: Consolidated statement of income — 293 293 Balance at end of period $ — $ 11,937 $ 11,937 Three month period ended June 30, 2014 Fixed Income Securities Other Investments Total Balance at beginning of period $ 713 $ 1,367 $ 2,080 Total gains (losses) included in: Consolidated statement of income 96 (40 ) 56 Purchases — 5,500 5,500 Balance at end of period $ 809 $ 6,827 $ 7,636 Six month period ended June 30, 2015 Fixed Income Securities Other Investments Total Balance at beginning of period $ — $ 11,020 $ 11,020 Total gains included in: Consolidated statement of income — 231 231 Purchases — 686 686 Balance at end of period $ — $ 11,937 $ 11,937 Six month period ended June 30, 2014 Fixed Income Securities Other Investments Total Balance at beginning of period $ 617 $ 1,234 $ 1,851 Total gains included in: Consolidated statement of income 192 93 285 Purchases — 5,500 5,500 Balance at end of period $ 809 $ 6,827 $ 7,636

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The below table reconciles the U.S. statutory income tax rate of 34% to the effective tax rate (all amounts in '000s): Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Amount % Amount % Amount % Amount % Provision for taxes at U.S. statutory marginal income tax rate of 34% $ 2,097 34.0 % $ 903 34.0 % $ 3,376 34.0 % $ 1,649 34.0 % Provision for deferred tax assets deemed unrealizable (valuation allowance) — — % (872 ) (32.8 )% — — % (1,620 ) (33.4 )% Nondeductible expenses 27 0.4 % 3 0.1 % 46 0.5 % 5 0.1 % State tax (net of federal benefit) 130 2.1 % 66 2.5 % 145 1.5 % 66 1.4 % Nondeductible purchase accounting adjustment — — % — — % 319 3.1 % — — % Other (22 ) (0.4 )% — — % (31 ) (0.3 )% — — % Provision for income taxes for continuing operations $ 2,232 36.1 % $ 100 3.8 % $ 3,855 38.8 % $ 100 2.1 %
Schedule of Components of Income Tax Expense (Benefit)	Income tax expense consists of the following for the three and six month periods ended June 30, 2015 and June 30, 2014 : Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Current tax expense $ 2,056 $ 932 $ 3,690 $ 1,347 Deferred tax expense (benefit) 176 (832 ) 165 (1,247 ) Total $ 2,232 $ 100 $ 3,855 $ 100
Schedule of Deferred Tax Assets and Liabilities	The components of net deferred income tax assets and liabilities as of June 30, 2015 and December 31, 2014 are as follows (all amounts in '000s): As of: June 30, 2015 December 31, 2014 Gross deferred tax assets: Unpaid claims and unearned premiums $ 7,562 $ 5,560 Loss carryforwards 13,762 14,212 Bad debts 229 191 Other 1,545 1,266 Total gross deferred tax assets 23,098 21,229 Gross deferred tax liabilities: Deferred policy acquisition costs 3,455 2,776 Securities 575 740 Other 1,242 396 Total gross deferred tax liabilities 5,272 3,912 Net deferred tax assets $ 17,826 $ 17,317
Summary of Operating Loss Carryforwards	Amounts and expiration dates of the operating loss carryforwards as of June 30, 2015 are as follows (all amounts in '000s): Year of Occurrence Year of Expiration Amount 2001 2021 $ 6,409 2002 2022 4,317 2006 2026 7,825 2007 2027 5,131 2008 2028 1,949 2009 2029 1,949 2010 2030 1,949 2011 2031 8,371 2012 2032 2,576 Total $ 40,476

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	As of June 30, 2015 , Atlas has the following future minimum rentals, related principally to office space, required under operating leases (all amounts in '000s): Year 2015 2016 2017 2018 2019 & Beyond Total Amount $ 944 $ 1,554 $ 1,011 $ 753 $ 2,533 $ 6,795

Software and Office Equipment (

Software and Office Equipment (Tables)	6 Months Ended
	Jun. 30, 2015
Software and Office Equipment [Abstract]
Schedule of Property, Plant and Equipment	Atlas held the following internal use software and capital assets as of June 30, 2015 and as of December 31, 2014 , excluding assets held for sale (all amounts in '000s): As of: June 30, 2015 December 31, 2014 Leasehold improvements $ 501 $ 501 Internal use software 7,482 7,372 Computer equipment 2,132 1,844 Furniture and other office equipment 547 397 Total 10,662 10,114 Accumulated depreciation (7,776 ) (7,295 ) Balance, end of period $ 2,886 $ 2,819

Underwriting Policy and Reins33

Underwriting Policy and Reinsurance Ceded (Tables)	6 Months Ended
	Jun. 30, 2015
Underwriting Policy and Reinsurance Ceded [Abstract]
Schedule of Effects of Reinsurance Premiums for Insurance Companies	Gross premiums written and ceded premiums, losses and commissions for the three and six month periods ended June 30, 2015 and 2014 are as follows (all amounts in '000s): Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Direct premiums written $ 46,453 $ 23,011 $ 91,321 $ 54,105 Assumed premiums written 122 (210 ) 227 (80 ) Ceded premiums written (10,223 ) (1,447 ) (14,617 ) (3,458 ) Net premiums written $ 36,352 $ 21,354 $ 76,931 $ 50,567 Direct premiums earned $ 45,546 $ 25,344 $ 79,599 $ 49,361 Assumed premiums earned 152 (118 ) 281 20 Ceded premiums earned (7,394 ) (1,920 ) (11,409 ) (4,121 ) Net premiums earned $ 38,304 $ 23,306 $ 68,471 $ 45,260 Ceded losses and loss adjustment expenses 2,934 127 3,832 747 Ceding commissions 1,350 429 2,520 941

Unpaid Claims (Tables)

Unpaid Claims (Tables)	6 Months Ended
	Jun. 30, 2015
Unpaid Claims [Abstract]
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense	The changes in the provision for unpaid claims, net of amounts recoverable from reinsurers, for the three and six month periods ended June 30, 2015 and 2014 were as follows (all amounts in '000s): Three Month Periods Ended Six Month Periods Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Unpaid claims, beginning of period $ 130,440 $ 100,179 $ 102,430 $ 101,385 Less: reinsurance recoverable 29,156 17,706 18,421 18,144 Net unpaid claims, beginning of period 101,284 82,473 84,009 83,241 Net reserves acquired — — 19,396 — Loss portfolio transfer 901 1,475 887 1,630 Incurred related to: Current year 22,178 14,587 40,739 28,716 Prior years 351 (165 ) (1,278 ) (375 ) 22,529 14,422 39,461 28,341 Paid related to: Current year 7,313 4,229 10,457 6,418 Prior years 17,787 10,494 33,682 23,147 25,100 14,723 44,139 29,565 Net unpaid claims, end of period 99,614 83,647 99,614 83,647 Add: reinsurance recoverable 26,844 15,658 26,844 15,658 Unpaid claims, end of period $ 126,458 $ 99,305 $ 126,458 $ 99,305

Share Based Compensation (Table

Share Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Option Activity	Stock option activity for the six month periods ended June 30, 2015 and 2014 follows (prices in Canadian dollars designated with "C$" and United States dollars designated with "US$" ): Six Month Periods Ended June 30, 2015 June 30, 2014 C$ Denominated: Number of Shares Average Exercise Price Number of Shares Average Exercise Price Outstanding, beginning of period 224,623 C$6.05 224,623 C$6.05 Granted — — — — Exercised — — — — Outstanding, end of period 224,623 C$6.05 224,623 C$6.05 Six Month Periods Ended June 30, 2015 June 30, 2014 US$ Denominated: Number of Shares Average Exercise Price Number of Shares Average Exercise Price Outstanding, beginning of period 175,000 US$13.26 — — Granted 200,000 US$20.29 175,000 US$13.26 Exercised — — — — Outstanding, end of period 375,000 US$17.01 175,000 US$13.26 There are 252,400 stock options that are exercisable as of June 30, 2015 . The stock option grants outstanding have a weighted average remaining life of 8.15 years and have an intrinsic value of $3.6 million as of June 30, 2015 . Restricted shares - The activity for the restricted shares and restricted share units for the six month periods ended June 30, 2015 and 2014 are as follows: Six Month Periods Ended June 30, 2015 June 30, 2014 Number of Shares Weighted Average Fair Value at Grant Date Number of Shares Weighted Average Fair Value at Grant Date Non-vested, beginning of period 185,190 $ 12.20 — $ — Granted 200,000 17.99 185,190 12.20 Vested (37,035 ) 12.20 — — Non-vested, end of period 348,155 $ 15.53 185,190 $ 12.20

Share Capital (Tables)

Share Capital (Tables)	6 Months Ended
	Jun. 30, 2015
Share Capital [Abstract]
Schedule of Share Capital for Common Shares	The share capital for the common shares is as follows: June 30, 2015 December 31, 2014 Shares Authorized Shares Issued and Outstanding Amount (in '000s) Shares Issued and Outstanding Amount (in '000s) Ordinary Voting Common 266,666,667 11,846,130 $ 36 11,638,723 $ 34 Restricted Voting Common 33,333,334 132,863 — 132,863 — Total common shares 300,000,001 11,978,993 $ 36 11,771,586 $ 34

Deferred Policy Acquisition C37

Deferred Policy Acquisition Costs (Tables)	6 Months Ended
	Jun. 30, 2015
Deferred Policy Acquisition Costs [Abstract]
Schedule of Deferred Policy Acquisition Costs and Present Value of Future Profits	Deferred policy acquisition costs for the six month periods ended June 30, 2015 and 2014 (in '000s): Six Month Periods Ended June 30, 2015 June 30, 2014 Balance, beginning of period $ 8,166 $ 6,674 Acquired in business combination 1,828 — Acquisition costs deferred 9,163 7,181 Amortization charged to income 8,995 6,566 Balance, end of period $ 10,162 $ 7,289

Nature of Operations and Basi38

Nature of Operations and Basis of Presentation (Details)	Dec. 07, 2012	Jun. 30, 2015statesegment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of states licensed to write property and casualty insurance		49
Number of states, core products actively distributed		40
Reverse stock split	0.3333
Number of business segments | segment		1

Acquisition of Anchor Holding39

Acquisition of Anchor Holdings Group, Inc. et. al. Narrative (Details)	Mar. 11, 2015USD ($)state$ / sharesshares	Jun. 30, 2015USD ($)state	Dec. 31, 2014USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)state	Jun. 30, 2014USD ($)
Business Acquisition [Line Items]
Net written premiums		$ 36,352,000		$ 21,354,000	$ 76,931,000	$ 50,567,000
Number of states company is an admitted carrier in | state		49			49
Expenses incurred related to Anchor acquisition and Gateway stock purchase agreement		$ 228,000		$ 0	$ 1,920,000	$ 0
Anchor Holdings Group, Inc. et. al.
Business Acquisition [Line Items]
Net written premiums	$ 40,000,000
Number of states company is an admitted carrier in | state	13
Total purchase price for all outstanding shares	$ 23,199,000
Cash consideration	19,199,000
Equity consideration issued	$ 4,000,000
Equity interest issued (in shares) | shares	4,000,000
Equity interest issued price per share (USD per share) | $ / shares	$ 1
Reserve development protection	$ 4,000,000
Intangible assets	$ 5,176,000
Amortization expense					0
Expenses incurred related to Anchor acquisition and Gateway stock purchase agreement		$ 228,000	$ 694,000		$ 978,000

Acquisition of Anchor Holding40

Acquisition of Anchor Holdings Group, Inc. et. al. Pro Forma (Details) - Anchor Holdings Group, Inc. et. al. - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Business Acquisition [Line Items]
Revenue	$ 39,664	$ 32,633	$ 75,980	$ 63,954
Net income attributable to Atlas	$ 4,086	$ 3,146	$ 7,062	$ 5,928
Basic earnings per share (USD per share)	$ 0.33	$ 0.29	$ 0.58	$ 0.58
Diluted earnings per share (USD per share)	$ 0.31	$ 0.28	$ 0.54	$ 0.55

Acquisition of Anchor Holding41

Acquisition of Anchor Holdings Group, Inc. et. al. Purchase Price Allocation (Details) - Mar. 11, 2015 - Anchor Holdings Group, Inc. et. al. - USD ($) $ in Thousands	Total
Purchase Consideration
Cash	$ 19,199
Preferred stock	4,000
Total	23,199
Allocation of Purchase Price
Cash and investments	48,508
Other current assets	31,475
Property and equipment	22
Deferred policy acquisition costs	1,828
Deferred tax assets	608
Value of business acquired and identifiable intangibles	5,176
Total Assets	87,617
Claims liabilities	30,731
Unearned premiums	22,976
Accounts payable and other liabilities	10,711
Total Liabilities	64,418
Net assets acquired	$ 23,199

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income attributable to Atlas	$ 3,936	$ 2,559	$ 6,073	$ 4,751
Less: Preferred share dividends	80	23	115	46
Net income attributable to common shareholders	$ 3,856	$ 2,536	$ 5,958	$ 4,705
Basic:
Basic weighted average common shares outstanding (includes RSU's) (in shares)	12,008,624	10,597,515	11,930,172	10,051,291
Basic earnings per common share (in dollars per share)	$ 0.32	$ 0.24	$ 0.50	$ 0.47
Diluted:
Dilutive average common shares outstanding (includes RSU's) (in shares)	12,800,920	11,007,639	12,714,450	10,448,492
Earnings per diluted common share, (in dollars per share)	$ 0.31	$ 0.23	$ 0.48	$ 0.45
Dilutive stock options outstanding
Diluted:
Weighted average number diluted shares outstanding adjustment (in shares)	218,852	156,124	210,834	143,201
Preferred shares
Diluted:
Weighted average number diluted shares outstanding adjustment (in shares)	573,444	254,000	573,444	254,000

Earnings Per Share Narrative (D

Earnings Per Share Narrative (Details) - USD ($)	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Preferred shares potentially convertible to ordinary common shares at the option of the holder (in shares)	$ 6,941,000		$ 2,000,000
Anchor Holdings Group, Inc. et. al.
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Preferred shares potentially convertible to ordinary common shares at the option of the holder (in shares)		$ 4,000,000
Share conversion ratio	0.05
Former Parent of Gateway
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Preferred shares potentially convertible to ordinary common shares at the option of the holder (in shares)	$ 2,940,500
Share conversion ratio	0.1270

Investments Schedule of Availab

Investments Schedule of Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 211,638	$ 143,287
Gross Unrealized Gains	1,339	1,079
Gross Unrealized Losses	(1,413)	(958)
Fair Value	211,564	143,408
Total Corporate
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	73,831	43,388
Gross Unrealized Gains	663	686
Gross Unrealized Losses	(644)	(204)
Fair Value	73,850	43,870
US Government Agencies Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	43,552	20,506
Gross Unrealized Gains	96	32
Gross Unrealized Losses	(353)	(159)
Fair Value	43,295	20,379
Corporate Debt Securities, Banking and Financial Services
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	24,473	15,551
Gross Unrealized Gains	226	215
Gross Unrealized Losses	(175)	(31)
Fair Value	24,524	15,735
Corporate Debt Securities, Consumer Goods
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	9,806	3,478
Gross Unrealized Gains	56	50
Gross Unrealized Losses	(69)	(13)
Fair Value	9,793	3,515
Corporate Debt Securities, Capital Goods
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	17,798	14,285
Gross Unrealized Gains	287	354
Gross Unrealized Losses	(126)	(52)
Fair Value	17,959	14,587
Corporate Debt Securities, Energy
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	5,191	2,829
Gross Unrealized Gains	27	0
Gross Unrealized Losses	(49)	(84)
Fair Value	5,169	2,745
Corporate Debt Securities, Telecommunications and Utilities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,524	5,297
Gross Unrealized Gains	66	67
Gross Unrealized Losses	(194)	(8)
Fair Value	13,396	5,356
Corporate Debt Securities, Health Care
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,039	1,948
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(31)	(16)
Fair Value	3,009	1,932
Fixed Income, U.S., Mortgage Backed, Total
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	54,900	47,546
Gross Unrealized Gains	401	329
Gross Unrealized Losses	(396)	(429)
Fair Value	54,905	47,446
Fixed Income, U.S., Mortgage Backed, Agency
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	36,075	30,772
Gross Unrealized Gains	249	250
Gross Unrealized Losses	(219)	(160)
Fair Value	36,105	30,862
Commercial Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	18,825	16,774
Gross Unrealized Gains	152	79
Gross Unrealized Losses	(177)	(269)
Fair Value	18,800	16,584
Asset-backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	21,703	15,261
Gross Unrealized Gains	39	20
Gross Unrealized Losses	(17)	(27)
Fair Value	21,725	15,254
Fixed income securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	193,986	126,701
Gross Unrealized Gains	1,199	1,067
Gross Unrealized Losses	(1,410)	(819)
Fair Value	193,775	126,949
Equities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,148	2,220
Gross Unrealized Gains	140	12
Gross Unrealized Losses	(3)	(139)
Fair Value	2,285	2,093
Other investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	15,504	14,366
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	$ 15,504	$ 14,366

Investments Classified by Contr

Investments Classified by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investments [Abstract]
One year or less	$ 7,731	$ 1,875
One year or less, percentage of total	4.00%	1.50%
One to five years	$ 73,521	$ 54,349
One to five years, percentage of total	37.90%	42.80%
Five to ten years	$ 47,414	$ 23,166
Five to ten years, percentage of total	24.50%	18.20%
More than years	$ 65,109	$ 47,559
More than ten years, percentage of total	33.60%	37.50%
Total	$ 193,775	$ 126,949

Investments Unrealized Losses (

Investments Unrealized Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	$ 91,965	$ 30,647
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(1,166)	(334)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	13,070	32,900
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	(247)	(624)
Available-for-sale securities, continuous unrealized loss position, fair value	105,035	63,547
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(1,413)	(958)
Total Corporate
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	39,188	11,563
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(621)	(132)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	1,220	4,522
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	(23)	(72)
Available-for-sale securities, continuous unrealized loss position, fair value	40,408	16,085
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(644)	(204)
US Government Agencies Debt Securities
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	19,508	2,228
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(309)	(3)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	4,646	9,395
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	(44)	(156)
Available-for-sale securities, continuous unrealized loss position, fair value	24,154	11,623
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(353)	(159)
Corporate Debt Securities, Banking and Financial Services
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	12,444	3,298
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(170)	(14)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	596	1,523
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	(5)	(17)
Available-for-sale securities, continuous unrealized loss position, fair value	13,040	4,821
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(175)	(31)
Corporate Debt Securities, Consumer Goods
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	6,225	269
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(69)	0
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	0	714
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	0	(13)
Available-for-sale securities, continuous unrealized loss position, fair value	6,225	983
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(69)	(13)
Corporate Debt Securities, Capital Goods
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	7,356	2,599
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(108)	(19)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	538	1,543
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	(18)	(33)
Available-for-sale securities, continuous unrealized loss position, fair value	7,894	4,142
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(126)	(52)
Corporate Debt Securities, Energy
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	3,805	2,583
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(49)	(82)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	86	86
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	0	(2)
Available-for-sale securities, continuous unrealized loss position, fair value	3,891	2,669
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(49)	(84)
Corporate Debt Securities, Telecommunications and Utilities
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	6,948	1,371
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(194)	(7)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	0	168
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	0	(1)
Available-for-sale securities, continuous unrealized loss position, fair value	6,948	1,539
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(194)	(8)
Corporate Debt Securities, Health Care
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	2,410	1,443
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(31)	(10)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	0	488
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	0	(6)
Available-for-sale securities, continuous unrealized loss position, fair value	2,410	1,931
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(31)	(16)
Fixed Income, U.S., Mortgage Backed, Total
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	22,278	5,605
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(220)	(33)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	6,853	18,983
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	(176)	(396)
Available-for-sale securities, continuous unrealized loss position, fair value	29,131	24,588
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(396)	(429)
Fixed Income, U.S., Mortgage Backed, Agency
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	15,241	4,196
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(176)	(28)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	2,131	9,202
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	(43)	(132)
Available-for-sale securities, continuous unrealized loss position, fair value	17,372	13,398
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(219)	(160)
Commercial Mortgage Backed Securities
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	7,037	1,409
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(44)	(5)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	4,722	9,781
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	(133)	(264)
Available-for-sale securities, continuous unrealized loss position, fair value	11,759	11,190
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(177)	(269)
Asset-backed Securities
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	10,971	10,021
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(13)	(27)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	351	0
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	(4)	0
Available-for-sale securities, continuous unrealized loss position, fair value	11,322	10,021
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(17)	(27)
Fixed income securities
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	91,945	29,417
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(1,163)	(195)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	13,070	32,900
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	(247)	(624)
Available-for-sale securities, continuous unrealized loss position, fair value	105,015	62,317
Available-for-sale securities, continuous unrealized loss position, accumulated loss	(1,410)	(819)
Equities
Gain (Loss) on Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than twelve months, fair value	20	1,230
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss	(3)	(139)
Available-for-sale securities, continuous unrealized loss position, twelve months or longer, fair value	0	0
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss	0	0
Available-for-sale securities, continuous unrealized loss position, fair value	20	1,230
Available-for-sale securities, continuous unrealized loss position, accumulated loss	$ (3)	$ (139)

Investments Schedule of Investm

Investments Schedule of Investment Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Investments [Abstract]
Interest income	$ 902	$ 694	$ 1,494	$ 1,395
Dividends	13	0	42	0
Income from other investments	449	98	502	285
Investment expenses	(173)	(113)	(327)	(222)
Net investment income	$ 1,191	$ 679	$ 1,711	$ 1,458

Investments Schedule of Inves48

Investments Schedule of Investment Gains (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Investments [Abstract]
Fixed income securities	$ 57	$ 97	$ 194	$ 80
Equities	(13)	0	(13)	6
Net investment realized gains	$ 44	$ 97	$ 181	$ 86

Investments Collateral (Details

Investments Collateral (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Investments [Abstract]
Deposit assets	$ 15.8	$ 14.5
Available-for-sale securities pledged as collateral	$ 6.4	$ 6.8

Financial and Credit Risk Man50

Financial and Credit Risk Management Narrative (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Statutory Accounting Practices [Line Items]
Allowance for bad debt	$ 725	$ 560
Increase in allowance for doubtful accounts	165
Increase related to the run-off worker's compensation program write-offs	26
Increase in allowance for bad debt related to formulaic modeling changes	89
Statutory surplus	104,300	63,000
Statutory net written premiums	85,100	111,400
Statutory net income Amount	5,500	$ 7,600
Illinois
Statutory Accounting Practices [Line Items]
Statutory capital and surplus required amount	1,500
Missouri
Statutory Accounting Practices [Line Items]
Statutory capital and surplus required amount	2,400
NEW YORK
Statutory Accounting Practices [Line Items]
Statutory capital and surplus required amount	3,500
Anchor Holdings Group, Inc. et. al.
Statutory Accounting Practices [Line Items]
Increase in allowance for bad debt related to formulaic modeling changes	$ 50

Financial and Credit Risk Man51

Financial and Credit Risk Management Fair Value of Assets Measured on Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed income securities	$ 193,775	$ 126,949
Equities	2,285	2,093
Other investments	15,504	14,366
Totals	211,564	143,408
Fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed income securities	193,775	126,949
Totals	193,775	126,949
Equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equities	2,285	2,093
Totals	2,285	2,093
Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	15,504	14,366
Totals	15,504	14,366
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Totals	23,654	14,701
Level 1 | Fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed income securities	21,369	12,608
Level 1 | Equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equities	2,285	2,093
Level 1 | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Totals	175,973	117,687
Level 2 | Fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed income securities	172,406	114,341
Level 2 | Equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equities	0	0
Level 2 | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	3,567	3,346
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Totals	11,937	11,020
Level 3 | Fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed income securities	0	0
Level 3 | Equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equities	0	0
Level 3 | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	$ 11,937	$ 11,020

Financial and Credit Risk Man52

Financial and Credit Risk Management Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$ 11,644	$ 2,080	$ 11,020	$ 1,851
Total gains included in consolidated statement of income	293	56	231	285
Purchases		5,500	686	5,500
Balance at end of period	11,937	7,636	11,937	7,636
Fixed income securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	0	713	0	617
Total gains included in consolidated statement of income	0	96	0	192
Purchases		0	0	0
Balance at end of period	0	809	0	809
Other Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	11,644	1,367	11,020	1,234
Total gains included in consolidated statement of income	293	(40)	231	93
Purchases		5,500	686	5,500
Balance at end of period	$ 11,937	$ 6,827	$ 11,937	$ 6,827

Income Taxes Income Tax Rate Re

Income Taxes Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Provision for taxes at U.S. statutory marginal income tax rate of 34%	$ 2,097	$ 903	$ 3,376	$ 1,649
Provision for deferred tax assets deemed unrealizable (valuation allowance)	0	(872)	0	(1,620)
Nondeductible expenses	27	3	46	5
State tax (net of federal benefit)	130	66	145	66
Nondeductible purchase accounting adjustment	0	0	319	0
Other	(22)	0	(31)	0
Provision for income taxes for continuing operations	$ 2,232	$ 100	$ 3,855	$ 100
Provision for taxes at U.S. statutory marginal income tax rate of 34%, percent	34.00%	34.00%	34.00%	34.00%
Provision for deferred tax assets deemed unrealizable (Valuation Allowance), percent	0.00%	(32.80%)	0.00%	(33.40%)
Nondeductible expenses, percent	0.40%	0.10%	0.50%	0.10%
State tax (net of federal benefit), percent	2.10%	2.50%	1.50%	1.40%
Nondeductible purchase accounting adjustment, percent	0.00%	0.00%	3.10%	0.00%
Other, percent	(0.40%)	0.00%	(0.30%)	0.00%
Effective income tax rate	36.10%	3.80%	38.80%	2.10%

Income Taxes Components of Inco

Income Taxes Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Current tax expense	$ 2,056	$ 932	$ 3,690	$ 1,347
Deferred tax expense (benefit)	176	(832)	165	(1,247)
Provision for income taxes for continuing operations	$ 2,232	$ 100	$ 3,855	$ 100

Income Taxes Deferred Tax Asset

Income Taxes Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Gross deferred tax assets:
Unpaid claims and unearned premiums	$ 7,562	$ 5,560
Loss carryforwards	13,762	14,212
Bad debts	229	191
Other	1,545	1,266
Total gross deferred tax assets	23,098	21,229
Gross deferred tax liabilities:
Deferred policy acquisition costs	3,455	2,776
Securities	575	740
Other	1,242	396
Total gross deferred tax liabilities	5,272	3,912
Net deferred tax assets	$ 17,826	$ 17,317

Income Taxes Schedule of Tax Ca

Income Taxes Schedule of Tax Carryforwards (Details) $ in Thousands	Jun. 30, 2015USD ($)
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	$ 40,476
Carryforward Expiring in 2021
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	6,409
Carryforward Expiring in 2022
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	4,317
Carryforward Expiring in 2026
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	7,825
Carryforward Expiring in 2027
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	5,131
Carryforward Expiring in 2028
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	1,949
Carryforward Expiring in 2029
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	1,949
Carryforward Expiring in 2030
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	1,949
Carryforward Expiring in 2031
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	8,371
Carryforward Expiring in 2032
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	$ 2,576

Commitments and Contingencies N

Commitments and Contingencies Narrative (Details) - USD ($) $ in Thousands	May. 22, 2012	Jun. 30, 2015	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
Deferred gain	$ 213
Lease term	5 years
Gain recognized in period		$ 21	$ 21
Rent expense		$ 355	$ 361

Commitments and Contingencies F

Commitments and Contingencies Future Minimum Lease Payments (Details) $ in Thousands	Jun. 30, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,015	$ 944
2,016	1,554
2,017	1,011
2,018	753
2019 & Beyond	2,533
Total	$ 6,795

Software and Office Equipment59

Software and Office Equipment (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Software and Office Equipment [Abstract]
Leasehold improvements	$ 501		$ 501
Internal use software	7,482		7,372
Computer equipment	2,132		1,844
Furniture and other office equipment	547		397
Total	10,662		10,114
Accumulated Depreciation	(7,776)		(7,295)
Balance, end of period	2,886		2,819
Depreciation and amortization expense	$ 394	$ 432	$ 856

Underwriting Policy and Reins60

Underwriting Policy and Reinsurance Ceded (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Underwriting Policy and Reinsurance Ceded [Abstract]
Direct premiums written	$ 46,453	$ 23,011	$ 91,321	$ 54,105
Assumed premiums written	122	(210)	227	(80)
Ceded premiums written	(10,223)	(1,447)	(14,617)	(3,458)
Net premiums written	36,352	21,354	76,931	50,567
Direct premiums earned	45,546	25,344	79,599	49,361
Assumed premiums earned	152	(118)	281	20
Ceded premiums earned	(7,394)	(1,920)	(11,409)	(4,121)
Net premiums earned	38,304	23,306	68,471	45,260
Ceded losses and loss adjustment expenses	2,934	127	3,832	747
Ceding commissions	$ 1,350	$ 429	$ 2,520	$ 941

Unpaid Claims (Details)

Unpaid Claims (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Unpaid claims, beginning of period	$ 130,440	$ 100,179	$ 102,430	$ 101,385
Less: reinsurance recoverable	29,156	17,706	18,421	18,144
Net unpaid claims, beginning of period	101,284	82,473	84,009	83,241
Net reserves acquired	0	0	19,396	0
Loss portfolio transfer	901	1,475	887	1,630
Incurred related to:
Current year	22,178	14,587	40,739	28,716
Prior years	351	(165)	(1,278)	(375)
Incurred total	22,529	14,422	39,461	28,341
Paid related to:
Current year	7,313	4,229	10,457	6,418
Prior years	17,787	10,494	33,682	23,147
Paid total	25,100	14,723	44,139	29,565
Net unpaid claims, end of period	126,458	99,305	126,458	99,305
Add: reinsurance recoverable	26,844	15,658	26,844	15,658
Unpaid claims, end of period	$ 99,614	$ 83,647	$ 99,614	$ 83,647

Share Based Compensation Schedu

Share Based Compensation Schedule of Outstanding Options and Restricted Shares (Details)	6 Months Ended
	Jun. 30, 2015$ / sharesshares	Jun. 30, 2015CAD / sharesshares	Jun. 30, 2014$ / sharesshares	Jun. 30, 2014CAD / sharesshares
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted shares outstanding (shares)	185,190	185,190	0	0
Restricted shares granted during period (shares)	200,000	200,000	185,190	185,190
Restricted shares vested during period (shares)	(37,035)	(37,035)	0	0
Restricted shares outstanding (shares)	348,155	348,155	185,190	185,190
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted average fair value at grant date, restricted shares outstanding (USD per share) | $ / shares	$ 12.20		$ 0
Weighted average fair value at grant date, restricted shares granted during period (USD per share) | $ / shares	17.99		12.20
Weighted average fair value at grant date, restricted shares vested during period (USD per share) | $ / shares	12.20		0
Weighted average fair value at grant date, restricted shares outstanding (USD per share) | $ / shares	$ 15.53		$ 12.20
Prior to December 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Option, outstanding (in shares), beginning of period	224,623	224,623	224,623	224,623
Options, granted in period (in shares)	0	0	0	0
Options, exercised in period (shares)	0	0	0	0
Option, outstanding (in shares), end of period	224,623	224,623	224,623	224,623
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options, outstanding, weighted average exercise price beginning balance | CAD / shares		CAD 6.05		CAD 6.05
Options, granted in period, weighted average exercise price | CAD / shares		0		0
Options, exercised in period, weighted average exercise price | CAD / shares		0		0
Options, outstanding, weighted average exercise price, ending balance | CAD / shares		CAD 6.05		CAD 6.05
After December 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Option, outstanding (in shares), beginning of period	175,000	175,000	0	0
Options, granted in period (in shares)	200,000	200,000	175,000	175,000
Options, exercised in period (shares)	0	0	0	0
Option, outstanding (in shares), end of period	375,000	375,000	175,000	175,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options, outstanding, weighted average exercise price beginning balance | $ / shares	$ 13.26		$ 0
Options, granted in period, weighted average exercise price | $ / shares	20.29		13.26
Options, exercised in period, weighted average exercise price | $ / shares	0		0
Options, outstanding, weighted average exercise price, ending balance | $ / shares	$ 17.01		$ 13.26

Share Based Compensation Narrat

Share Based Compensation Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, exercisable (in shares)	252,400		252,400
Outstanding options weighted average remaining contractual term			8 years 1 month 25 days
Options outstanding, intrinsic value	$ 3,600		$ 3,600
Stock based compensation expense	391	$ 301	$ 824	$ 943
Stock based compensation cost not yet recognized, period of recognition			56 months
Stock Option Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation cost not yet recognized	2,100		$ 2,100
Restricted share and restricted share units grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation cost not yet recognized	$ 3,500		$ 3,500

Other Employee Benefit Plans De

Other Employee Benefit Plans Defined Contribution Plan (Details) - USD ($)	Mar. 01, 2011	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Other Employee Benefit Plans [Abstract]
Maximum annual contribution % per employee	60.00%
Maximum annual contribution amount per employee	$ 18,000
Additional amount employees over age 50 can contribute	$ 6,000
Percentage of employee contribution, matched by employer		100.00%
Percent of an employees annual earnings employer will match		2.50%
Percent of additional contributions made by employees over the age of 50 that employer will mat		50.00%
Defined Contribution Plan Employer Additional Contribution Matching Percent of Employees Gross Pay		2.50%
Maximum percentage of annual earnings per participant, employer will match		3.75%
Employee contribution vesting percentage	100.00%
Employers contribution vesting period	5 years
Company contributions			$ 151,000	$ 95,000

Other Employee Benefit Plans Em

Other Employee Benefit Plans Employee Stock Purchase Plan (Details) - USD ($) $ in Thousands	Jun. 01, 2011	Jun. 30, 2015	Jun. 30, 2014
Other Employee Benefit Plans [Abstract]
Hours required to be worked by full time and permanent part time employees to be eligible to invest their adjusted salary in common stock	30 hours
Employee Stock Purchase Plan Maximum Annual Contribution Percent Of Annual Earnings Per Employee Amount	5.00%
Employee stock purchase plan, employer matching percentage of employee contribution	100.00%
Employee stock purchase plan, employer matching contribution of employees gross pay	2.50%
Employee stock purchase plan, employer matching contribution percent, of employees over 50 years of age additional contribution	50.00%
Employee stock purchase plan maximum expense of annual earnings per participant percentage	5.00%
Employee stock purchase plan employer maximum contribution percentage	5.00%
Employee stock purchase plan expense		$ 73	$ 48

Share Capital Schedule of Stock

Share Capital Schedule of Stock by Class (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	300,000,001
Common stock, shares outstanding (in shares)	11,978,993	11,771,586
Common Stock, value, outstanding	$ 36	$ 34
Ordinary Voting Common Shares
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	266,666,667	266,666,667
Common stock, shares outstanding (in shares)	11,846,130	11,638,723
Common Stock, value, outstanding	$ 36	$ 34
Restricted Voting Common Shares
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	33,333,334	33,333,334
Common stock, shares outstanding (in shares)	132,863	132,863
Common Stock, value, outstanding	$ 0	$ 0

Share Capital (Details)

Share Capital (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Mar. 31, 2015
Class of Stock [Line Items]
Preferred shares potentially convertible to ordinary common shares at the option of the holder (in shares)	$ 6,941,000	$ 2,000,000
Preferred stock, shares outstanding (in shares)	6,940,500	2,000,000
Preferred stock, dividend rate, (USD per share)	$ 0.045
Preferred stock, dividend rate, percentage	4.50%
Preferred stock, liquidation preference per share (USD per share)	$ 1	$ 1
Former Parent of Gateway
Class of Stock [Line Items]
Preferred shares potentially convertible to ordinary common shares at the option of the holder (in shares)	$ 2,940,500
Share conversion ratio	0.1270
Preferred stock, amount of preferred dividends in arrears	$ 60,000
Preferred stock, amount of accrued dividends	$ 244,000
Former Parent of Anchor
Class of Stock [Line Items]
Share conversion ratio	0.05
Preferred stock, amount of preferred dividends in arrears	$ 55,000
Preferred stock, amount of accrued dividends	$ 60,000
Anchor Holdings Group, Inc. et. al.
Class of Stock [Line Items]
Preferred shares potentially convertible to ordinary common shares at the option of the holder (in shares)			$ 4,000,000
Share conversion ratio	0.05
Gateway Insurance Company
Class of Stock [Line Items]
Preferred shares potentially convertible to ordinary common shares at the option of the holder (in shares)			$ 940,500
Restricted Voting Common Stock
Class of Stock [Line Items]
Percentage of aggregate vote eligible to be voted by common shareholders, maximum	30.00%
Restricted Voting Common Stock | Dilutive stock options outstanding | Director and Officer
Class of Stock [Line Items]
Shares issued	7,407
Restricted Shares | Equity Incentive Plan | Director and Officer
Class of Stock [Line Items]
Shares issued	29,631	37,038
Ordinary Shares | Dilutive stock options outstanding | Director and Officer
Class of Stock [Line Items]
Shares issued	200,000

Deferred Policy Acquisition C68

Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of period			$ 8,166	$ 6,674
Acquired in business combination			1,828	0
Acquisition costs deferred			9,163	7,181
Amortization charged to income	$ 5,077	$ 3,476	8,995	6,566
Balance, end of period	$ 10,162	$ 7,289	$ 10,162	$ 7,289

Note Payable (Details)

Note Payable (Details) - USD ($)	Mar. 09, 2015	Jun. 30, 2015	Jun. 30, 2014	Mar. 08, 2015
Line of Credit Facility [Line Items]
Interest expense		$ 139,000	$ 0
Loan Agreement
Line of Credit Facility [Line Items]
Minimum net worth requirement		60,000,000
Loan Agreement | American Insurance Acquisition
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 35,000,000
Line of credit outstanding		15,500,000
Interest expense		139,000
Bank fees		42,000
Unamortized bank fees		$ 315,000
Deferred bank costs, amortization period		56 months
Loan Agreement | Line of Credit | American Insurance Acquisition
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 30,000,000
Line of credit, non-utilization fee, percentage	0.50%
Loan Agreement | Line of Credit | American Insurance Acquisition | London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	4.50%
Loan Agreement | Revolving Credit Facility | American Insurance Acquisition
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 5,000,000			$ 10,000,000
Letter of credit, maximum borrowing capacity	$ 2,000,000
Line of credit outstanding		$ 2,500,000
Loan Agreement | Revolving Credit Facility | American Insurance Acquisition | London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.75%