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Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Net premiums earned $ 67,232 $ 99,005 $ 51,911
Commissions 143,381 92,023 51,281
Program fees 14,322 13,506 8,437
Realized Investment Gains (Losses) (2,577) (496) 19
Investment income 10,647 14,448 13,159
Net gains (losses) on derivative contracts 1,019 4,016 (279)
Other (4,780) 10,480 (60)
Total revenues 251,222 235,815 124,728
Loss and loss adjustment expenses 47,193 72,626 36,712
Expenses:      
Policy acquisition costs 15,790 23,666 10,557
Commissions 37,037 40,876 29,465
General and Administrative Expense 191,624 129,166 66,985
Depreciation expense 3,908 2,345 1,078
Interest 18,640 9,379 0
Total expenses 352,236 295,660 148,949
Pretax income (loss) from continuing operations (101,014) (59,845) (24,221)
Income tax expense (benefit) (5,211) (924) (989)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total (95,803) (58,921) (23,232)
Noncontrolling interest (2,601) (361) (1,319)
Discontinued operations (163,288) (497,167) 28,183
Net income (loss) (259,091) (556,088) 4,951
Net income (loss) attributable to shareholders (261,692) (556,449) 3,632
Other comprehensive income (loss), after tax      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (95,803) (58,921) (23,232)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Reclassification Adjustment from AOCI for Derecognition, after Tax 1,108 (356) (88)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax 0 (4,939) 1,569
Total other comprehensive income (loss), net of income tax 222,118 (28,390) 92,797
Total comprehensive income (loss), net of income tax (36,973) (584,478) 97,748
Less: net (gain) loss attributable to noncontrolling interest      
Total comprehensive income (loss) attributable to shareholders $ (64,774) $ (581,765) $ 96,429
Income (Loss) from Continuing Operations, Per Basic Share $ (2.47) $ (1.37) $ (0.43)
Income (Loss) from Continuing Operations, Per Diluted Share (2.47) (1.37) (0.43)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (3.46) (10.58) 0.62
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share (3.46) (10.58) 0.62
Basic (5.93) (11.96) 0.18
Diluted $ (5.93) $ (11.96) $ 0.18
Weighted Average Number of Shares Outstanding, Basic 47,181,227 46,969,708 45,636,649
Weighted Average Number of Shares Outstanding, Diluted 47,181,227 46,969,708 45,636,649
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest $ (2,601) $ (361) $ (1,319)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest (25,200) 3,074 0
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax 19,643 (939) 51,184
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax 201,367 (22,156) 40,132
Net income (loss) from discontinued operations (163,288) (497,167) 28,183
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic (98,404) (59,282) (24,551)
Insurance Agency Management Fee 20,419 6,353 0
Depreciation, Depletion and Amortization $ 41,952 $ 19,947 $ 5,230