Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2025	Jun. 30, 2024
Operating activities
Net cash (used in) provided by operating activities	[1]	$ (26,310)	$ 15,397
Investing activities
Sale of JRG Re		0	96,412
Fixed maturity securities, available-for-sale:
Purchases		(148,956)	(28,727)
Sales		7,616	198,046
Maturities and calls		55,891	84,596
Equity securities:
Purchases		(6,111)	(7,311)
Sales and redemptions		4,940	6,190
Bank loan participations:
Purchases		(79,526)	(80,700)
Sales		45,234	51,913
Maturities		16,121	19,252
Other invested assets:
Purchases		(21,718)	(4,725)
Return of capital		600	472
Proceeds from sales and principal repayments		322	2,763
Short-term investments, net		(14,142)	26,160
Securities receivable or payable, net		7,707	(6,386)
Purchases of property and equipment		(1,677)	(1,327)
Net cash (used in) provided by investing activities		(133,699)	356,628
Financing activities
Senior debt issuances		25,000	0
Senior debt repayments		0	(21,500)
Payroll taxes withheld and remitted on net settlement of RSUs		(550)	(837)
Dividends on Series A preferred shares		(3,938)	(5,250)
Dividends on common shares		(1,061)	(3,901)
Payment of debt issuance costs		(1,130)	0
Net cash provided by (used in) financing activities		18,321	(31,488)
Change in cash, cash equivalents, and restricted cash equivalents		(141,688)	340,537
Cash, cash equivalents, and restricted cash equivalents at beginning of period		391,050	359,949
Cash, cash equivalents, and restricted cash equivalents at end of period		249,362	700,486
Supplemental information
Interest paid		11,694	15,628
Restricted cash equivalents at beginning of period		28,705	72,449
Restricted cash equivalents at end of period		29,321	27,963
Change in restricted cash equivalents		$ 616	$ (44,486)

[1] Cash provided by operating activities for the six months ended June 30, 2025 and 2024 includes the restricted cash activity above related to a former insured, per the terms of a collateral trust. See “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Amounts Recoverable from an Indemnifying Party and Reinsurer on Legacy Commercial Auto Book”. Excluding the restricted cash activity, cash (used in) provided by operating activities was $(26.9) million and $59.9 million for the six months ended June 30, 2025 and 2024, respectively.