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Discontinued Operations and Disposal Groups (Tables)
 9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations - Results of Ops IIC
The results from IIC's discontinued operations for the three and nine months ended September 30, 2024 and 2023 are presented below.

IIC Results from Discontinued Operations
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
REVENUE:
Gross premiums written$12,402 $9,886 $31,261 $27,431 
Change in gross unearned premiums(3,140)(1,903)(4,689)(4,585)
Gross premiums earned9,262 7,983 26,572 22,846 
Ceded premiums earned(2,256)(2,439)(7,025)(9,464)
Net premiums earned7,006 5,544 19,547 13,382 
Net investment income539 622 1,563 1,765 
Net realized investment losses(13)(2)(66)(19)
Other revenue18 18 49 52 
Total revenue7,550 6,182 21,093 15,180 
EXPENSES:
Losses and loss adjustment expenses4,448 3,942 13,767 11,123 
Policy acquisition costs2,052 1,994 6,234 5,819 
Operating expenses328 718 1,091 1,279 
General and administrative expenses126 120 918 471 
Total expenses6,954 6,774 22,010 18,692 
Income (loss) before other income596 (592)(917)(3,512)
Other income— 11 — 11 
Income (loss) before income taxes596 (581)(917)(3,501)
Provision (benefit) for income taxes (1)
146 61 (1,238)(769)
Income (loss) from discontinued operations, net of tax$450 $(642)$321 $(2,732)
(1) 2024 year-to-date results include $1,007,000 in tax benefit related to discontinued operations outside of IIC stand-alone results.
Discontinued Operations - Assets & Liabilities IIC
The major classes of IIC assets and liabilities as of September 30, 2024 and December 31, 2023 are presented below.

IIC Major Classes of Assets and Liabilities to be Sold
September 30, 2024December 31, 2023
ASSETS
Fixed maturities, available-for-sale$36,726 $42,316 
Other investments969 — 
Cash and cash equivalents22,058 14,832 
Accrued investment income324 337 
Premiums receivable, net2,186 1,350 
Reinsurance recoverable on paid and unpaid losses, net260 282 
Ceded unearned premiums5,514 3,846 
Deferred policy acquisition costs, net3,942 3,892 
Intangible assets, net775 775 
Other assets1,783 1,418 
Total assets$74,537 $69,048 
LIABILITIES
Unpaid losses and loss adjustment expenses$21,356 $22,483 
Unearned premiums21,589 16,900 
Reinsurance payable on premiums2,376 2,312 
Payments outstanding2,344 1,410 
Accounts payable and accrued expenses757 501 
Operating lease liability13 37 
Other liabilities689 487 
Total Liabilities$49,124 $44,130 
Discontinued Operations - Assets & Liabilities UPC
The major classes of assets and liabilities transferred as a result of the UPC transaction as of the date of transfer are presented below.

UPC Major Classes of Assets and Liabilities Disposed
Closing (1)
ASSETS
Fixed maturities, available-for-sale$1,380 
Equity securities272 
Other investments12,882 
Cash and cash equivalents224,824 
Restricted cash7,758 
Accrued investment income875 
Premiums receivable, net22,733 
Reinsurance recoverable on paid and unpaid losses, net548,929 
Ceded unearned premiums75,262 
Deferred policy acquisition costs, net(89)
Other assets51,625 
Total assets$946,451 
LIABILITIES
Unpaid losses and loss adjustment expenses$920,431 
Unearned premiums98,655 
Reinsurance payable on premiums12,612 
Payments outstanding144,238 
Accounts payable and accrued expenses1,361 
Other liabilities3,476 
Notes payable, net4,118 
Total Liabilities$1,184,891 
(1) The Company divested its ownership on February 27, 2023, the date the DFS was appointed as receiver of the entity.
Discontinued Operations - Results of Ops UPC
The results from UPC's discontinued operations, including the supporting activities provided by SCS, SLS and UIM for the three and nine months ended September 30, 2024 and 2023 are presented below.

UPC Results from Discontinued Operations
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
REVENUE:
Gross premiums written$— $— $— $(120,608)
Change in gross unearned premiums— — — 198,154 
Gross premiums earned— — — 77,546 
Ceded premiums earned— — — (48,203)
Net premiums earned— — — 29,343 
Net investment income— — — 2,182 
Net realized investment gains— — — 1,343 
Net unrealized gains on equity securities— — — 2,080 
Other revenue— — — 2,717 
Total revenue— — — 37,665 
EXPENSES:
Losses and loss adjustment expenses— 851 — 37,268 
Policy acquisition costs— — — (1,522)
Operating expenses— 153 — 4,656 
General and administrative expenses— 2,872 — 5,431 
Interest expense— — — 22 
Total expenses— 3,876 — 45,855 
Loss before income taxes— (3,876)— (8,190)
Provision (benefit) for income taxes— (71)— (285)
Loss from discontinued operations, net of tax$— $(3,805)$— $(7,905)