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Discontinued Operations and Disposal Groups (Tables)
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations - Results of Ops IIC
The results from IIC's discontinued operations for the years ended December 31, 2024, 2023, and 2022 are presented below.

IIC Results from Discontinued Operations
Year Ended December 31,
202420232022
REVENUE:
Gross premiums written$39,704 $34,334 $44,183 
Change in gross unearned premiums(3,337)(3,053)16,998 
Gross premiums earned36,367 31,281 61,181 
Ceded premiums earned(10,044)(11,457)(14,764)
Net premiums earned26,323 19,824 46,417 
Net investment income2,093 2,274 1,630 
Net realized investment gains (losses)(66)(19)29 
Other revenue62 64 42 
Total revenue28,412 22,143 48,118 
EXPENSES:
Losses and loss adjustment expenses18,738 16,183 38,696 
Policy acquisition costs8,336 7,910 14,322 
General and administrative expenses (1)
3,483 2,170 12,264 
Total expenses30,557 26,263 65,282 
Loss before other income(2,145)(4,120)(17,164)
Other income— 11 1 
Loss before income taxes(2,145)(4,109)(17,163)
Benefit for income taxes (2)
(1,544)(1,103)(1,711)
Loss from discontinued operations, net of tax$(601)$(3,006)$(15,452)
(1) 2024 results include $385,000 related to discontinued operations outside of IIC stand-alone results.
(2) 2024 results include $1,103,000 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 December 31, 2024 and 2023 are presented below.

IIC Major Classes of Assets and Liabilities to be Sold
December 31, 2024December 31, 2023
ASSETS
Fixed maturities, available-for-sale$38,523 $42,316 
Other investments978 — 
Cash and cash equivalents22,897 14,832 
Accrued investment income317 337 
Premiums receivable, net1,606 1,350 
Reinsurance recoverable on paid and unpaid losses, net259 282 
Ceded unearned premiums4,075 3,846 
Deferred policy acquisition costs, net3,647 3,892 
Intangible assets, net775 775 
Other assets166 1,418 
Total assets$73,243 $69,048 
LIABILITIES
Unpaid losses and loss adjustment expenses$21,499 $22,483 
Unearned premiums20,238 16,900 
Reinsurance payable on premiums3,966 2,312 
Payments outstanding3,091 1,410 
Accounts payable and accrued expenses1,058 501 
Operating lease liability69 37 
Other liabilities21 487 
Total Liabilities$49,942 $44,130 
Disposal Groups, Including Discontinued Operations
The results from UPC’s discontinued operations, including the supporting activities provided by SCS, SLS and UIM for the years ended December 31, 2024, 2023 and 2022, are presented below.

UPC Results from Discontinued Operations
Year Ended December 31,
202420232022
REVENUE:
Gross premiums written$— $(120,608)$551,720 
Change in gross unearned premiums— 198,154 136,094 
Gross premiums earned— 77,546 687,814 
Ceded premiums earned— (48,203)(494,534)
Net premiums earned— 29,343 193,280 
Net investment income— 2,182 6,338 
Net realized investment gains (losses)— 1,343 (25,599)
Net unrealized gains (losses) on equity securities— 2,080 (4,617)
Other revenue— 2,717 16,229 
Total revenue— 37,665 185,631 
EXPENSES:
Losses and loss adjustment expenses— 36,898 502,842 
Policy acquisition costs— (1,522)60,771 
General and administrative expenses— 11,307 50,939 
Interest expense— 22 130 
Total expenses— 46,705 614,682 
Loss before other income— (9,040)(429,051)
Other income (loss)— (2,004)52 
Loss before income taxes— (11,044)(428,999)
Provision (benefit) for income taxes— (317)963 
Loss from discontinued operations, net of tax$— $(10,727)$(429,962)


As of February 28, 2023, the Company completed the disposal of its former subsidiary, UPC. This divestiture resulted in a gain of $238,440,000 for the year ended December 31, 2023. This gain was driven by the negative equity position of UPC.
The major classes of assets and liabilities moved 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.