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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 208,255 $ 116,407
Short-term investments 9,120 12,218
Investment securities, available-for-sale (Amortized cost: 2024: $119,528; 2023: $101,412) 118,056 100,702
Investment securities, held-to-maturity (Fair value: 2024: $6,853; 2023: $6,778) 6,923 6,902
Accrued retrospective premiums 70,607 22,076
Other receivables 22,533 16,666
Healthcare receivables 83,867 64,164
Surety bonds and deposits 740 542
Prepaid expenses 16,761 14,418
Other assets, current 4,949 1,404
Assets related to discontinued operations (Note 17) 10,926 72,471
Total current assets 552,737 427,970
Investment securities, available-for-sale (Amortized cost: 2024: $98,221; 2023: $121,868) 97,133 120,208
Investment securities, held-to-maturity (Fair value: 2024: $693; 2023: $692) 792 793
Property and equipment, net 5,209 5,082
Operating lease right-of-use assets 3,124 3,382
Other intangible assets 2,990 2,990
Other assets, non-current 9,785 10,246
Total assets 671,770 570,671
Current liabilities    
Unpaid claims 238,602 135,737
Accounts payable and accrued expenses 35,408 37,184
Accrued salaries and benefits 28,327 20,951
Deferred revenue 0 3,099
Operating lease liabilities 1,623 1,665
Liabilities related to discontinued operations (Note 17) 50,622 60,099
Total current liabilities 356,389 261,115
Long-term operating lease liabilities 2,717 2,998
Other liabilities, non-current 20,190 20,164
Total liabilities 379,296 284,277
Commitments and Contingencies (Note 13)
Stockholders' equity    
Additional paid-in capital 2,490,036 2,461,238
Accumulated other comprehensive loss (2,560) (2,370)
Accumulated deficit (2,178,964) (2,159,794)
Less: Treasury stock, at cost; 11,613,745 and 7,912,750 shares held at March 31, 2024 and December 31, 2023, respectively (16,088) (12,729)
Total stockholders' equity 292,474 286,394
Total liabilities and stockholders' equity 671,770 570,671
Common Class A    
Stockholders' equity    
Common stock, value 41 40
Common Class B    
Stockholders' equity    
Common stock, value 9 9
Related party    
Current liabilities    
Due to related parties, net 881 1,363
Other liabilities, current 881 1,363
Nonrelated party    
Current liabilities    
Due to related parties, net 926 1,017
Other liabilities, current $ 926 $ 1,017