Income Taxes

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

12. Income Taxes

Income taxes for the three and nine months ended September 30, 2023 and 2022 have been calculated based on an estimated annual effective tax rate and certain discrete items. The company recorded income tax expense related to investment income of $0.1 million and $0.2 million for the three and nine months ended September 30, 2023, respectively. For the three and nine months ended September 30, 2022, no income tax was recorded.

The Company has never been examined by the Internal Revenue Service or any other jurisdiction for any tax years and, as such, all years within the applicable statutes of limitations are potentially subject to audit.