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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The following table summarizes the provision for income taxes:

			Year Ended December 31,
			2021						2020						2019
Federal:
Current			$	(2,207)					$	(27,310)					$	58
Deferred			(18,830)						(6,611)						(4,520)
Benefit for Federal income tax expense			(21,037)						(33,921)						(4,462)
State:
Current			1,033						598						1,100
Deferred			(3,985)						(3,282)						241
Provision (benefit) for State income tax expense			(2,952)						(2,684)						1,341
Benefit for income taxes			$	(23,989)					$	(36,605)					$	(3,121)

Tax Expense Reconciliation

The actual income tax expense differs from the expected income tax expense computed by applying the combined applicable effective federal and state tax rates to income before the provision for income taxes as follows:

			Year Ended December 31,
			2021						2020						2019
Expected income tax expense at federal rate			$	(17,610)					$	(27,741)					$	(6,847)
State tax expense, net of federal deduction benefit			(1,176)						(3,603)						(882)
Dividend received deduction			(59)						(141)						(195)
Other permanent items			125						600						1,349
Prior period accrual adjustment			(1,053)						2,230						3,415
Outside basis in subsidiary			(964)						470						—
Net operating loss carryback rate benefit (1)			—						(12,566)						—
Municipal tax-exempt interest			(134)						(280)						(587)
Change in valuation allowance			(1,352)						5,505						989
Change in enacted tax rate			(1,386)						(358)						(363)
Change in tax credit carryforward			(380)						(721)						—
Reported income tax benefit			$	(23,989)					$	(36,605)					$	(3,121)

 (1) Pursuant to the recently enacted CARES Act.

Schedule of Deferred Tax Assets and Liabilities

The table below summarizes the significant components of our net deferred tax asset (liability):

			December 31,
			2021						2020
Deferred tax assets:
Unearned premiums			$	10,326					$	16,404
Unrealized loss			1,230						—
Tax-related discount on loss reserve			3,121						4,027
R&D tax credit carryforward			1,990						1,686
Dual consolidated loss carryforward			5,103						6,511
Net operating loss carryforward			25,472						7,900
Capitalized software			—						—
Other			1,682						1,189
Total pre-allowance deferred tax assets			48,924						37,717
Valuation allowance			(5,142)						(6,494)
Total deferred tax assets			43,782						31,223
Deferred tax liabilities:
Deferred acquisitions costs			(10,356)						(20,191)
Unrealized gain			—						(3,253)
Intangible assets			(3,607)						(4,553)
Prepaid expenses			(837)						(725)
Investments			(77)						(78)
Fixed assets			(4,990)						(5,618)
Outside basis in subsidiary			—						(974)
Total deferred tax liabilities			(19,867)						(35,392)
Net deferred tax asset (liability)			$	23,915					$	(4,169)

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a reconciliation of the beginning and ending amount of unrecognized tax benefits for the year ended December 31, 2021:

						December 31, 2021
Balance at January 1						$	683
Additions based on tax positions related to current year						151
Balance at December 31						$	834

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