XML 112 R99.htm IDEA: XBRL DOCUMENT v3.26.1
Schedule II - Condensed Financial Information of Registrant - Statement of Cash Flows (Details) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash Flows from Operating Activities    
Net income (loss) from continuing operations $ (18,438,000) $ (34,240,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 255,000 1,671,000
Accretion of Series B Preferred Stock 804,000 0
Deferred income tax expense 0 0
Change in fair value of contingent considerations (6,220,000) (146,000)
Other gains/losses 0 (500,000)
Changes in operating assets and liabilities:    
Other assets 508,000 2,135,000
Net cash provided by (used in) operating activities - discontinued operations 0 3,195,000
Cash Flows From Investing Activities    
Purchases of investments (301,149,000) (193,590,000)
Cash Flows From Financing Activities    
Issuance of stock warrants 1,924,000 0
Paydown of long-term debt 0 (14,250,000)
Dividends paid on Series A Preferred Stock 0 (439,000)
Redemption premium on Series A Preferred Stock 0 (397,000)
Net cash provided by (used in) financing activities 15,500,000 (21,086,000)
Net increase (decrease) in cash (292,000) 16,529,000
Cash at beginning of period 27,654,000 11,125,000
Cash at end of period 27,362,000 27,654,000
Supplemental Disclosure of Cash Flow Information:    
Interest paid 2,351,000 4,260,000
Senior Secured Notes Call Premium 0 753,000
Series B Preferred Stock    
Cash Flows From Financing Activities    
Issuance of Preferred Stock 5,576,000 0
Series C Preferred Stock    
Cash Flows From Financing Activities    
Issuance of Preferred Stock 8,000,000 0
CIS    
Cash Flows From Investing Activities    
Proceeds from contingent consideration in CIS sale 10,000,000 0
Proceeds from sale of renewal rights/agency business 0 51,778,000
Parent Company    
Cash Flows from Operating Activities    
Net income (loss) from continuing operations (18,438,000) (30,900,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 255,000 1,671,000
Accretion of Series B Preferred Stock 804,000 0
Equity in undistributed (income) loss of subsidiaries 13,392,000 11,692,000
Stock-based compensation expense 56,000 78,000
Deferred income tax expense (140,000) 4,731,000
Change in fair value of contingent considerations (6,220,000) (146,000)
Other gains/losses 0 (500,000)
Changes in operating assets and liabilities:    
Due from subsidiaries (224,000) (3,088,000)
Due from Affiliate 0 33,000
Current income tax recoverable 0 0
Other assets 70,000 1,055,000
Other liabilities 1,684,000 (2,080,000)
Net cash provided by (used in) operating activities - discontinued operations 0 (3,527)
Net cash provided by operating activities (8,761,000) (20,981,000)
Cash Flows From Investing Activities    
Contributions to subsidiaries (20,899,000) (14,400,000)
Return of capital from subsidiaries 4,000,000 0
Dividends received from subsidiaries 0 8,257,000
Disposal of Fixed Assets, net 0 74,000
Net cash provided by (used in) investing activities (6,899,000) 45,709,000
Cash Flows From Financing Activities    
Issuance of stock warrants 1,924,000 0
Repayment of Series A Preferred Stock 0 (6,000,000)
Paydown of long-term debt 0 (14,250,000)
Dividends paid on Series A Preferred Stock 0 (439,000)
Redemption premium on Series A Preferred Stock 0 (397,000)
Net cash provided by (used in) financing activities 15,500,000 (21,086,000)
Net increase (decrease) in cash (160,000) 3,642,000
Cash at beginning of period 6,816,000 3,174,000
Cash at end of period 6,656,000 6,816,000
Supplemental Disclosure of Cash Flow Information:    
Interest paid 2,739,000 4,649,000
PHI Capital Contribution of WPIC to TIC 7,587,000 0
Senior Secured Notes Call Premium 0 753,000
Parent Company | Series B Preferred Stock    
Cash Flows From Financing Activities    
Issuance of Preferred Stock 5,576,000 0
Parent Company | Series C Preferred Stock    
Cash Flows From Financing Activities    
Issuance of Preferred Stock 8,000,000 0
Parent Company | CIS    
Cash Flows From Investing Activities    
Proceeds from contingent consideration in CIS sale 10,000,000 0
Proceeds from sale of renewal rights/agency business $ 0 $ 51,778,000