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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Investment securities:    
Debt securities, at fair value (amortized cost of $117,827 and $135,370, respectively) $ 105,665 $ 122,113
Equity securities, at fair value (cost of $1,836 and $2,385, respectively) 1,603 2,354
Short-term investments, at fair value 21,151 20,838
Total investments 128,419 145,305
Cash and cash equivalents 27,654 10,663
Premiums and agents' balances receivable, net 9,901 29,364
Reinsurance recoverables on unpaid losses 84,490 70,807
Reinsurance recoverables on paid losses 6,919 12,619
Prepaid reinsurance premiums 6,088 28,908
Deferred policy acquisition costs 6,380 6,405
Receivable from contingent considerations 8,070 0
Other assets 3,735 7,036
Assets from discontinued operations 0 3,452
Total assets 281,656 315,606
Liabilities:    
Unpaid losses and loss adjustment expenses 189,285 174,612
Unearned premiums 30,590 65,150
Reinsurance premiums payable 1 246
Debt 11,932 25,061
Funds held under reinsurance agreements 25,829 24,550
Premiums payable to other insureds 0 13,986
Liabilities from discontinued operations 0 4,083
Accounts payable and other liabilities 2,494 5,029
Total liabilities 260,131 312,717
Commitments and contingencies
Shareholders' equity:    
Series A Preferred Stock, no par value (10,000,000 shares authorized; 0 and 1,000 issued and outstanding, respectively) 0 6,000
Common stock, no par value (100,000,000 shares authorized; 12,222,881 issued and outstanding, respectively) 98,178 98,100
Accumulated deficit (63,153) (86,683)
Accumulated other comprehensive income (loss) (13,500) (14,528)
Total shareholders' equity 21,525 2,889
Total liabilities and shareholders' equity 281,656 315,606
Affiliated Entity    
Investment securities:    
Receivable from Affiliate $ 0 $ 1,047