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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Long-term debt consists of the following as of the dates presented (in thousands):
|  | As of December 31,
|  | 2023 |  | 2022
Surplus note |  | $ | 4,044 |  |  | $ | 5,515 |
5.625% Senior unsecured notes |  | 100,000 |  |  | 100,000 |
Total principal amount |  | 104,044 |  |  | 105,515 |
Less: unamortized debt issuance costs |  | (2,038) |  |  | (2,746) |
Total long-term debt, net |  | $ | 102,006 |  |  | $ | 102,769 |
Summary of Estimate of Principal Payments to Be Made for the Amount Due on the Surplus Note | The following table provides an estimate of aggregate principal payments to be made for the amounts due on long-term debt as of December 31, 2023 (in thousands):
2024 | $ | 1,471 |
2025 | 1,471 |
2026 | 101,102 |
2027 | — |
2028 | — |
Thereafter | — |
Total long-term debt maturities | 104,044 |
Less: unamortized debt issuance costs | (2,038) |
Total long-term debt maturities, net | $ | 102,006 |
Schedule of Interest Expense | The following table provides interest expense related to long-term debt during the periods presented (in thousands):
|  | Years Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Interest Expense: |  |  |  |  |  |
Surplus notes |  | $ | 198 |  |  | $ | 172 |  |  | $ | 113 |
5.625% Senior unsecured notes |  | 5,625 |  |  | 5,734 |  |  | 469 |
Non-cash expense (1) |  | 708 |  |  | 703 |  |  | 56 |
Total |  | $ | 6,531 |  |  | $ | 6,609 |  |  | $ | 638 |
(1) Represents amortization of debt issuance costs.

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