Business Combination (Tables)

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the consideration transferred to acquire Beat and the estimated fair values of the identified assets acquired and liabilities assumed at the acquisition date, as well as the fair value of the NCI, at the acquisition date:

Fair value of consideration transferred:
Cash	$	252,048
Common shares	29,229
Total consideration	$	281,278
Recognized amounts of assets acquired, liabilities assumed and NCI:
Cash and equivalents	$	8,272
Short-term investments	28,919
Commission receivables and contract assets	47,696
Other assets	10,972
Intangible assets	311,557
Goodwill	357,317
Advanced commissions	(49,299)
Premium payable	(5,722)
Deferred tax liability	(74,300)
Other liabilities	(19,570)
Redeemable NCI	(185,469)
Nonredeemable NCI	(149,095)
Total	$	281,278

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table sets forth the estimated fair values of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition:

	Fair Value		Useful Life - Years
Customer relationships	$	303,331	10.0
Trademarks	8,226		10.0
Total	$	311,557

Business Acquisition, Pro Forma Information

The following unaudited pro forma summary presents consolidated information of Ambac as if the business combination had occurred on January 1, 2023.

	Year Ended December 31,
Pro forma (unaudited)	2024		2023
Revenues	$	276,800	$	182,482
Net income (loss) from continuing operations	$	(51,782)	$	(93,021)