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Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net investment income:        
Interest Income, Debt Securities, Available-for-Sale, Operating $ 26,000 $ 22,000 $ 52,000 $ 43,000
Net investment income 36,000 35,000 78,000 69,000
Realized Investment Gains (Losses) 4,000 (3,000) 4,000 (8,000)
Change in fair value of credit derivatives:        
Derivative, Gain (Loss) on Derivative, Net 0 0 2,000 (3,000)
Insurance Commissions and Fees 13,000 10,000 31,000 25,000
Other Operating Income (Expense), Net 16,000 2,000 18,000 5,000
Income (loss) on variable interest entities 0 0 2,000 (1,000)
Total revenues and other income 105,000 62,000 207,000 120,000
Policyholder Benefits and Claims Incurred, Net 18,000 7,000 16,000 25,000
Expenses:        
Intangible amortization 8,000 7,000 21,000 13,000
General and Administrative Expense 47,000 36,000 83,000 72,000
Interest expense 16,000 16,000 32,000 32,000
Total expenses 103,000 73,000 180,000 160,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 2,000 (11,000) 27,000 (40,000)
Provision for income taxes 2,000 2,000 7,000 6,000
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest 0 0 (1,000) (1,000)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (1,000) (13,000) 20,000 (46,000)
Net income (loss) attributable to common stockholders (1,000) (13,000) 19,000 (47,000)
Other comprehensive income (loss), after tax        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (1,000) (13,000) 20,000 (46,000)
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax 4,000 (13,000) (3,000) 5,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax 1,000 21,000 (7,000) 37,000
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax 0 0 0 0
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax (5,000) 0 (5,000) 2,000
Total other comprehensive income (loss), net of income tax 0 8,000 (15,000) 44,000
Total comprehensive income (loss), net of income tax 0 (5,000) 5,000 (2,000)
Less: comprehensive (gain) loss attributable to the noncontrolling interest        
Total comprehensive income (loss) attributable to common stockholders 0 (6,000) 4,000 (3,000)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest $ 0 $ 0 $ (1,000) $ (1,000)
Earnings Per Share, Basic $ (0.02) $ (0.29) $ 0.42 $ (1.02)
Earnings Per Share, Diluted $ (0.02) $ (0.29) $ 0.41 $ (1.02)
Weighted Average Number of Shares Outstanding, Basic 46,209,250 45,757,234 46,019,145 45,661,288
Weighted Average Number of Shares Outstanding, Diluted 46,209,250 45,757,234 46,568,862 45,661,288
Gain (loss) on foreign currency translation, taxes $ 0 $ 0    
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Tax Effect 0 0    
Premiums Earned, Net 33,000 15,000 $ 66,000 $ 29,000
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset 3,000 2,000 6,000 4,000
Deferred Policy Acquisition Costs, Amortization Expense 5,000 1,000 10,000 3,000
General and Administrative Expense 47,000 36,000 83,000 72,000
Insurance Commissions 8,000 6,000 18,000 14,000
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Tax Effect 0 0    
Gain (loss) on foreign currency translation, taxes 0 0    
Unrealized (loss) gain on securities, taxes 0 $ (3,000) $ 0 $ (1,000)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, Tax $ 0