Discontinued Operations and Held for Sale Classification (Tables)

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Held for Sale Classification [Abstract]

Summary of income (loss), Assets and Liabilities Held for Sale of Discontinued Operation

The following table summarizes income (loss) from discontinued operations (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Gross premiums written	$	113,502	$	113,976	$	331,190	$	316,100
Ceded premiums written		(70,088)		(56,552)		(203,861)		(170,882)
Net premiums written		43,414		57,424		127,329		145,218
Change in unearned premiums		(1,463)		(5,780)		859		(3,778)
Net premiums earned		41,951		51,644		128,188		141,440
Commission and fees		241		230		810		739
Total revenues		42,192		51,874		128,998		142,179
Losses and loss adjustment expenses		31,244		36,157		95,174		98,104
Operating expenses		8,028		9,324		22,894		26,074
Amortization of intangible assets		119		119		357		357
Total expenses		39,391		45,600		118,425		124,535
Income (loss) from discontinued operations before tax		2,801		6,274		10,573		17,644
Income tax expense (benefit) from discontinued operations		1,701		785		6,419		2,209
Net income (loss) from discontinued operations	$	1,100	$	5,489	$	4,154	$	15,435

The following table summarizes assets and liabilities held for sale (in thousands):

		September 30,		December 31,
		2022	2021
		(unaudited)		(unaudited)
ASSETS
Ceded unearned premiums	$	130,608	$	117,226
Prepaid expenses		985		216
Other assets		851		634
Total assets held-for-sale	$	132,444	$	118,076
LIABILITIES
Unearned premiums	$	214,216	$	201,691
Accounts payable and other liabilities		1,312		952
Total liabilities held-for-sale	$	215,528	$	202,643