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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 295,627,000 $ (173,196,000)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 6,391,000 21,071,000
Bond amortization and accretion 759,000 4,408,000
Net realized gains (losses) 5,464,000 1,856,000
Unrealized Gain (Loss) on Investments (2,871,000) 9,870,000
Provision for uncollectable premiums/over and short 11,000 4,000
Reinsurance Recoverable Change in Credit Loss Allowance 226,000 11,000
Deferred income taxes, net 13,344,000 24,620,000
Stock based compensation 915,000 924,000
Proceeds from contractual commitment 0 3,800,000
Gain on sale of building (588,000) (1,688,000)
Gain (Loss) on Disposition of Assets 1,147,000 473,000
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax (238,440,000) 0
Changes in operating assets and liabilities:    
Accrued investment income 647,000 93,000
Premiums receivable 40,851,000 33,948,000
Reinsurance recoverable on paid and unpaid losses 633,895,000 (550,173,000)
Ceded unearned premiums (103,504,000) 57,073,000
Deferred policy acquisition costs, net 30,170,000 (32,684,000)
Other assets (53,938,000) 3,313,000
Unpaid losses and loss adjustment expenses (583,101,000) 595,117,000
Unearned premiums (121,742,000) (32,036,000)
Reinsurance payable (43,321,000) (48,057,000)
Payments outstanding (59,183,000) (9,324,000)
Accounts Payable 13,422,000 100,000
Change in Operating Lease Liability (748,000) (518,000)
Other liabilities (20,322,000) (6,937,000)
Net cash provided by operating activities (184,889,000) (97,932,000)
INVESTING ACTIVITIES    
Proceeds from sales and maturities of fixed maturities 234,403,000 128,315,000
Proceeds from Sale of Equity Securities, FV-NI 40,436,000 88,000
Proceeds from Sale and Maturity of Other Investments 2,397,000 2,261,000
Payments to Acquire Fixed Maturities, Available-for-sale (11,786,000) (21,592,000)
Payments to Acquire Equity Securities, FV-NI (79,000) (7,459,000)
Payments to Acquire Other Investments (1,494,000) (1,911,000)
Proceeds from Sale of Property, Plant, and Equipment 629,000 4,196,000
Cost of property, equipment and capitalized software acquired (196,000) (2,926,000)
Net cash provided by (used in) investing activities 31,728,000 100,972,000
FINANCING ACTIVITIES    
Repayments of borrowings 0 (4,147,000)
Payments of Dividends 0 (2,589,000)
Net Cash Provided by (Used in) Financing Activities 38,000 (25,071,000)
Cash, Cash Equivalents, Restricted Cash at beginning of period 116,891,000  
Cash, Cash Equivalents, Restricted Cash at end of period 130,488,000  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect (153,123,000) (22,031,000)
Supplemental Cash Flows Information    
Interest Paid 5,438,000 4,823,000
Income taxes paid   1,444,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 130,488,000  
Proceeds from Divestiture of Businesses, Net of Cash Divested (232,582,000) 0
Proceeds from Issuance of Common Stock 38,000 0
Proceeds from Income Tax Refunds (10,591,000)  
Payment of Return of capital - Noncontrolling interest 0 18,335,000
Repayments of Long-term Debt 0 4,147,000
Payments of Dividends 0 2,589,000
Continuing Operations    
OPERATING ACTIVITIES    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 65,092,000 (41,030,000)
Adjustments to reconcile net income to net cash provided by operating activities    
Unrealized Gain (Loss) on Investments (792,000) 4,058,000
Changes in operating assets and liabilities:    
Unearned premiums 66,445,000 62,623,000
FINANCING ACTIVITIES    
Cash, Cash Equivalents, Restricted Cash at beginning of period 283,611,000 245,278,000
Cash, Cash Equivalents, Restricted Cash at end of period 130,488,000 223,247,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 130,488,000 223,247,000
Discontinued Operations    
Changes in operating assets and liabilities:    
Unearned premiums $ (198,154,000) $ (80,779,000)