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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities    
Net income (loss) from continuing operations $ (34,240) $ (27,279)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,671 545
Amortization of bond premium and discount, net (419) (871)
Net realized investment (gains) losses 125 20
Change in fair value of equity securities 203 (608)
Deferred income tax expense 0 328
Stock-based compensation expenses 78 190
Other (1,901) (144)
Other gains/losses (646) 0
(Increase) decrease in:    
Premiums, agents' balances and other receivables 19,216 (4,186)
Reinsurance recoverables (7,983) 5,878
Prepaid reinsurance premiums 22,820 (12,509)
Deferred policy acquisition costs 24 4,074
Other assets 2,135 (663)
Increase (decrease) in:    
Unpaid losses and loss adjustment expenses 14,673 9,073
Unearned premiums (34,560) (2,737)
Funds held under reinsurance agreements 1,196 13,450
Reinsurance premiums payable (245) (5,898)
Premiums payable to other insureds (13,986) 13,986
Accounts payable and other liabilities (4,035) (239)
Net cash provided by (used in) operating activities - discontinued operations 3,195 (5,802)
Net cash provided by operating activities (32,679) (13,392)
Cash Flows From Investing Activities    
Purchases of investments (193,590) (234,869)
Proceeds from maturities and redemptions of investments 16,074 10,424
Proceeds from sales of investments 196,716 222,772
Net cash provided by (used in) investing activities - discontinued operations (7,184) 1,401
Net cash provided by (used in) investing activities 70,294 (272)
Cash Flows From Financing Activities    
Proceeds received from issuance of shares of Series A preferred stock 0 6,000
Proceeds from issuance of long-term debt 0 6,727
Repayment of Series A Preferred Stock (6,000) 0
Repayment of long-term debt (14,250) (13,971)
Dividends paid on Series A Preferred Stock (439) 0
Redemption premium on Series A Preferred Stock (397) 0
Repurchase of common stock 0 (3)
Debt issuance costs 0 (1,999)
Net cash provided by (used in) financing activities (21,086) (3,246)
Net increase (decrease) in cash 16,529 (16,910)
Cash at beginning of period 11,125 28,035
Cash at end of period 27,654 11,125
Less: Cash and cash equivalents of discontinued operations at the end of period 0 462
Cash and cash equivalents of continuing operations at the end of period 27,654 10,663
Supplemental Disclosure of Cash Flow Information:    
Interest paid 4,260 3,077
Senior Secured Notes Call Premium 753  
Income taxes paid (refunded), net 1 1
Exchanging of public senior unsecured notes   11,160
Preferred stock dividends declared but not paid at end of period   19
Conifer Insurance Services, LLC    
Cash Flows From Investing Activities    
Proceeds from sale of renewal rights/agency business 51,778 0
Sycamore Specialty Underwriters, LLC    
Cash Flows From Investing Activities    
Proceeds from sale of renewal rights/agency business $ 6,500 $ 0