Operating Segments (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The table below summarizes the Company's results by operating segment:

	Insurance		Corporate/Other		Eliminations		Consolidated Total
Three months ended March 31, 2024	(in thousands)
Premiums earned, net (net of ceded premiums of $101)	$	341,722	$	—	$	—	$	341,722
Other income	3,727		15,681		(14,208)		5,200
Intersegment revenues	—		48,465		(48,465)		—
Net medical claims incurred	266,076		4,938		(5,852)		265,162
Gross profit (loss)	$	79,373	$	59,208	$	(56,821)	$	81,760
Total assets	$	498,360	$	838,045	$	(664,635)	$	671,770

	Insurance		Corporate/Other		Eliminations		Consolidated Total
Three months ended March 31, 2023	(in thousands)
Premiums earned, net (net of ceded premiums of $122)	$	317,086	$	—	$	—	$	317,086
Other income	1,839		17,738		(14,671)		4,906
Intersegment revenues	—		23,231		(23,231)		—
Net medical claims incurred	274,504		3,448		(3,163)		274,789
Gross profit (loss)	$	44,421	$	37,521	$	(34,739)	$	47,203
Total assets	$	467,392	$	936,903	$	(666,810)	$	737,485

Schedule of Reconciliation of Revenue from Segments to Consolidated

A reconciliation of the reportable segments' gross profit to the Net loss from continuing operations included in the Condensed Consolidated Statements of Operations and Comprehensive Loss is as follows:

Three Months Ended March 31,	2024		2023
	(in thousands)
Gross profit	$	81,760	$	47,203
Salaries and benefits	59,223		68,981
General and administrative expenses	44,569		57,644
Premium deficiency reserve benefit	—		(1,810)
Depreciation and amortization	318		279
Restructuring costs	353		1,807
Loss (gain) on investment	467		—
Net loss from continuing operations	$	(23,170)	$	(79,698)