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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 310,079 $ 103,791
Short-term investments 24,238 41,457
Investment securities, available-for-sale (Amortized cost: 2023: $184,424; 2022: $193,300) 182,600 189,498
Investment securities, held-to-maturity (Fair value: 2023: $3,511; 2022: $15) 3,680 15
Accrued retrospective premiums 2,063 20,387
Other receivables 16,636 23,596
Healthcare receivables 51,266 70,607
Non-Insurance performance year receivable 377,239 0
Non-Insurance receivable 61,652 52,955
Surety bonds and deposits 81,329 100,502
Prepaid expenses 15,245 18,146
Other assets, current 2,901 4,043
Total current assets 1,128,928 624,997
Investment securities, available-for-sale (Amortized cost: 2023: $87,398; 2022: $142,940) 82,507 137,368
Investment securities, held-to-maturity (Fair value: 2023: $3,789; 2022: $636) 3,985 742
Property and equipment, net 4,616 5,753
Operating lease right-of-use assets 3,868 4,025
Goodwill and other intangible assets 19,460 20,000
Other assets, non-current 14,633 15,735
Total assets 1,257,997 808,620
Current liabilities    
Unpaid claims 117,622 141,947
Non-Insurance performance year obligation, current 441,417 73,844
Non-Insurance payable 171,497 148,191
Accounts payable and accrued expenses 39,919 32,445
Accrued salaries and benefits 19,651 23,962
Deferred revenue 113,537 0
Operating lease liabilities 1,746 1,827
Premium deficiency reserve 291 7,239
Total current liabilities 907,758 431,507
Long-term operating lease liabilities 3,606 4,033
Other liabilities, non-current 16,063 16,193
Total liabilities 927,427 451,733
Commitments and Contingencies (Note 14)
Stockholders' equity    
Additional paid-in capital 2,395,000 2,319,157
Accumulated other comprehensive loss (6,715) (9,374)
Accumulated deficit (2,047,853) (1,946,433)
Less: Treasury stock, at cost; 5,445,714 and 2,072,752 shares held at June 30, 2023 and December 31, 2022, respectively (9,908) (6,509)
Total stockholders' equity 330,570 356,887
Total liabilities and stockholders' equity 1,257,997 808,620
Related party    
Current liabilities    
Due to related parties, net 1,181 1,566
Other liabilities, current 1,181 1,566
Nonrelated Party    
Current liabilities    
Due to related parties, net 897 486
Other liabilities, current 897 486
Common Class A    
Stockholders' equity    
Common stock, value 37 37
Common Class B    
Stockholders' equity    
Common stock, value $ 9 $ 9