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Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net investment income:        
Interest Income, Debt Securities, Available-for-Sale, Operating $ 24,000 $ 24,000 $ 77,000 $ 67,000
Net investment income 38,000 30,000 116,000 100,000
Realized Investment Gains (Losses) (1,000) 1,000 3,000 (7,000)
Change in fair value of credit derivatives:        
Derivative, Gain (Loss) on Derivative, Net 5,000 4,000 7,000 1,000
Insurance Commissions and Fees 23,000 15,000 54,000 39,000
Other Operating Income (Expense), Net 10,000 2,000 28,000 7,000
Income (loss) on variable interest entities 3,000 1,000 5,000 0
Total revenues and other income 114,000 74,000 321,000 194,000
Policyholder Benefits and Claims Incurred, Net 38,000 (76,000) 54,000 (51,000)
Expenses:        
Intangible amortization 13,000 7,000 33,000 21,000
General and Administrative Expense 55,000 49,000 139,000 122,000
Interest expense 20,000 16,000 51,000 48,000
Total expenses 141,000 6,000 320,000 166,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (27,000) 68,000 1,000 28,000
Provision for income taxes 3,000 1,000 10,000 7,000
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest 2,000 0 1,000 (1,000)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (29,000) 66,000 (9,000) 21,000
Net income (loss) attributable to common stockholders (28,000) 66,000 (8,000) 19,000
Other comprehensive income (loss), after tax        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (29,000) 66,000 (9,000) 21,000
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax 37,000 (23,000) 34,000 (19,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax 57,000 (29,000) 51,000 8,000
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 0 0 (5,000) 2,000
Total other comprehensive income (loss), net of income tax 94,000 (53,000) 79,000 (9,000)
Total comprehensive income, net of income tax 65,000 14,000 70,000 11,000
Total comprehensive income attributable to common stockholders 62,000 13,000 66,000 10,000
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest $ 2,000 $ 0 $ 1,000 $ (1,000)
Earnings Per Share, Basic $ (0.63) $ 1.44 $ (0.23) $ 0.42
Earnings Per Share, Diluted $ (0.63) $ 1.41 $ (0.23) $ 0.41
Weighted Average Number of Shares Outstanding, Basic 47,688,986 45,635,373 46,580,518 45,652,555
Weighted Average Number of Shares Outstanding, Diluted 47,688,986 46,810,735 46,580,518 46,786,443
Premiums Earned, Net $ 33,000 $ 18,000 $ 99,000 $ 47,000
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset 4,000 2,000 10,000 6,000
Deferred Policy Acquisition Costs, Amortization Expense 6,000 2,000 16,000 5,000
General and Administrative Expense 55,000 49,000 139,000 122,000
Insurance Commissions 9,000 8,000 27,000 22,000
Unrealized (loss) gain on securities, taxes 3,000 0 3,000 (2,000)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, Tax     0 0
Gain (loss) on foreign currency translation, taxes 0 0 0 0
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Tax Effect 0 $ 0 0 $ 0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest $ (5,000)   $ (5,000)