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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (39,142) $ (3,219)
Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities:    
Income from discontinued operations, net of tax (104) (8,458)
Depreciation and amortization expense 395 432
Deferred federal income tax benefit (608) (339)
Investment losses (gains), net 640 (51)
Share-based payments expense 97 62
Change in ceded unearned premiums 5,772 8,856
Change in premiums receivable (4,020) 2,201
Change in accounts receivable 9,481 (13,180)
Change in receivable from reinsurer 43,800  
Change in deferred policy acquisition costs (2,888) (36)
Change in reserves for losses and loss adjustment expenses (44,966) (18,343)
Change in unearned premiums 1,328 (19,119)
Change in reinsurance recoverable (42,805) 4,698
Change in reinsurance balances 14,579 (31,928)
Change in federal income tax recoverable 70 3,469
Change in all other liabilities (1,635) 1,785
Change in all other assets 1,006 (4,401)
Net cash used in operating activities- continuing operations (59,000) (77,571)
Net cash provided by operating activities- discontinued operations 104 15,590
Net cash used in operating activities (58,896) (61,981)
Cash flows from investing activities:    
Purchases of property and equipment (238) (631)
Purchases of investment securities (14,195) (166,832)
Maturities, sales and redemptions of investment securities 99,276 60,383
Net cash provided by (used in)investing activities 84,843 (107,080)
Increase (decrease) in cash and cash equivalents and restricted cash 25,947 (169,061)
Cash and cash equivalents and restricted cash at beginning of period 88,619 356,677
Cash and cash equivalents and restricted cash at end of period $ 114,566 $ 187,616