CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Asset Management
Equity investment earning	$ 362	$ 282
Insurance Solutions
Net premiums	(4,244)	(4,013)
Total revenues	10,647	15,050
Asset Management
Compensation and benefits	200
Insurance Solutions
Amortization of deferred acquisition costs	708	555
Compensation and benefits	200
Total expenses	16,412	23,165
Investment and other income (loss) - Asset Management
Loss on extinguishment of debt	(472)	0
Income (loss) before taxes	(5,970)	(6,669)
Net income (loss)	$ (5,970)	$ (6,705)
Earnings per share
Net income (loss) attributable to common shareholders - basic (in dollars per share)	$ (0.51)	$ (1.02)
Net income (loss) attributable to common shareholders - Diluted (in dollars per share)	$ (0.51)	$ (1.02)
Weighted average shares outstanding – Basic (in shares)	11,795,911	6,575,165
Weighted average shares outstanding – Diluted (in shares)	11,795,911	6,575,165
Asset Management
Asset Management
Equity investment earning	$ 362	$ 282
Insurance Solutions
Net gains (losses) from investment activities	(351)	841
Other income	174	299
Total revenues	2,461	3,821
Asset Management
Administration and servicing fees	3,639	1,237
Transaction costs	82	4,545
Compensation and benefits	211	2,380
Amortization and impairment of intangible assets	444	910
Interest and other credit facility expenses	2,005	1,946
General, administrative and other	3,008	1,723
Insurance Solutions
Compensation and benefits	211	2,380
General, administrative and other	3,008	1,723
Total expenses	9,389	12,741
Investment and other income (loss) - Asset Management
Net gains (losses) from investment activities	(351)	841
Dividend income	60	38
Interest income	384	268
Other income (loss), net	174	299
Total investment and other income (loss)	(205)	1,446
Income (loss) before taxes	(5,970)	(6,669)
Income tax (expense) benefit — Asset Management	0	(36)
Asset Management | Management fees
Asset Management
Fee revenue	1,639	3,240
Asset Management | Incentive fees
Asset Management
Fee revenue	394	299
Asset Management | Advisory and transaction fees, net
Asset Management
Fee revenue	66	0
Insurance Solutions
Insurance Solutions
Net premiums	(4,244)	(4,013)
Product charges	118	860
Net investment income	20,220	18,850
Net investment income (loss) on funds withheld	614	(5,750)
Other income	169	76
Total revenues	8,186	11,229
Asset Management
Compensation and benefits	0	244
General, administrative and other	4,261	3,686
Insurance Solutions
Net policy benefit and claims (remeasurement gain on policy liabilities of $4,459 and $81 for the three months ended March 31, 2026 and 2025, respectively)	(2,635)	1,793
Interest sensitive contract benefits	4,289	3,818
Amortization of deferred acquisition costs	708	555
Compensation and benefits	0	244
Interest expense	400	328
General, administrative and other	4,261	3,686
Total expenses	7,023	10,424
Investment and other income (loss) - Asset Management
Other income (loss), net	169	76
Insurance Solutions | Consolidated Entity, Excluding Consolidated VIE
Insurance Solutions
Net investment income	16,676	14,951
Net gains (losses) from investment activities	(5,014)	1,472
Insurance Solutions | Variable Interest Entity, Primary Beneficiary
Insurance Solutions
Net investment income	3,544	3,899
Net gains (losses) from investment activities	(3,677)	(266)
Total revenues	$ (133)	$ 3,633