XML 46 R32.htm IDEA: XBRL DOCUMENT v3.24.3
Long-term Debt (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
Long-term debt consists of the following as of the dates presented (in thousands):
September 30,December 31,
20242023
Surplus note$2,941 $4,044 
5.625% Senior unsecured notes
100,000 100,000 
Total principal amount102,941 104,044 
Less: unamortized debt issuance costs(1,507)(2,038)
Total long-term debt, net$101,434 $102,006 
Schedule of Interest Expense
The following table provides interest expense related to long-term debt during the periods presented (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Interest Expense:
Surplus note
$36 $47 $114 $146 
5.625% Senior unsecured notes
1,406 1,407 4,219 4,219 
Non-cash expense (1)
177 177 531 531 
Total
$1,619 $1,631 $4,864 $4,896 
(1) Represents amortization of debt issuance costs.