XML 149 R48.htm IDEA: XBRL DOCUMENT v3.25.0.1
Discontinued Operations and Disposal Groups (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Feb. 27, 2023
Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Gross premiums written   $ 647,805 $ 635,709 $ 528,160    
Gross Premiums Earned, Property and Casualty   638,608 604,683 474,188    
Ceded Premiums Earned   (364,618) (342,623) (251,259)    
Premiums Earned, Net, Property and Casualty   273,990 262,060 222,929    
Investment Income, Net   20,795 8,300 6,043    
Net realized gains (losses)   (124) (6,789) (6,512)    
Other revenue   0 15 1,181    
Revenues   296,657 264,400 221,673    
Policy Acquisition Costs   70,990 75,436 80,996    
General and Administrative Expense   44,756 37,559 43,746    
Interest Expense   11,996 10,875 9,483    
Costs and Expenses   197,061 170,548 230,334    
Operating Income (Loss)   99,596 93,852 (8,661)    
Other Income   2,063 2,228 10,342    
Income Tax Expense (Benefit)   25,340 10,876 26,233    
Restricted Cash $ 18,070 62,357 18,070      
Deferred policy acquisition costs 21,149 40,282 21,149 49,136    
Disposal Group, Including Discontinued Operation, Assets 77,143 73,243 77,143      
Unpaid losses and loss adjustment expenses 347,738 322,087 347,738 816,489   $ 230,377
Disposal Group, Including Discontinued Operation, Liabilities 44,130 49,942 44,130      
Property, Plant and Equipment, Net 3,658 5,736 3,658      
Assets 1,062,378 1,216,112 1,062,378      
Liabilities 893,613 980,452 893,613      
change in gross unearned premiums   (9,197) (31,026) (53,972)    
Equity Securities, FV-NI, Unrealized Gain (Loss)   1,996 814 (1,968)    
Policyholder Benefits and Claims Incurred, Net   69,319 46,678 96,109    
Intangible Assets, Net (Excluding Goodwill) 8,548 5,908 8,548      
Operating Lease, Liability 739 3,323 739      
Depreciation, Depletion and Amortization   4,852 1,499 4,608    
Discontinued Operations            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Gross premiums written     (120,608) 551,720    
Gross Premiums Earned, Property and Casualty     77,546 687,814    
Ceded Premiums Earned     (48,203) (494,534)    
Premiums Earned, Net, Property and Casualty     29,343 193,280    
Investment Income, Net     2,182 6,338    
Net realized gains (losses)     1,343 (25,599)    
Other revenue     2,717 16,229    
Revenues     37,665 185,631    
Policy Acquisition Costs     (1,522) 60,771    
General and Administrative Expense     11,307 50,939    
Interest Expense     22 130    
Costs and Expenses     46,705 614,682    
Operating Income (Loss)     (9,040) (429,051)    
Other Income     (2,004) 52    
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax     (11,044) (428,999)    
Income Tax Expense (Benefit)   (1,544) (1,420) (748)    
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent     (10,727) (429,962)    
Property, Plant and Equipment, Net 8,095   8,095      
Goodwill, Impaired, Accumulated Impairment Loss   10,156        
change in gross unearned premiums     198,154 136,094    
Equity Securities, FV-NI, Unrealized Gain (Loss)     2,080 (4,617)    
Goodwill, Impairment Loss       13,570    
Policyholder Benefits and Claims Incurred, Net     36,898 502,842    
Depreciation, Depletion and Amortization 3,544     1,535    
Goodwill, Impairment Loss       13,570    
Discontinued Operations | UPC Insurance            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Income Tax Expense (Benefit)     (317) 963    
Fixed maturities, available-for-sale (amortized cost of $295,547 and $155,686, respectively)         $ 1,380  
Equity securities         272  
Other investments (amortized cost of $22,969 and $16,118, respectively)         12,882  
Cash and cash equivalents         224,824  
Restricted Cash         7,758  
Accrued investment income         875  
Premiums receivable, net (credit allowance of $26 and $49, respectively)         22,733  
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments         548,929  
Prepaid Reinsurance Premiums         75,262  
Deferred policy acquisition costs         (89)  
Other Assets         51,625  
Disposal Group, Including Discontinued Operation, Assets         946,451  
Unpaid losses and loss adjustment expenses         920,431  
Unearned premiums         98,655  
Reinsurance Payable         12,612  
Payments outstanding         144,238  
Accounts Payable and Accrued Expenses         1,361  
Other Liabilities         3,476  
Notes payable         4,118  
Disposal Group, Including Discontinued Operation, Liabilities         $ 1,184,891  
Discontinued Operations | Interboro Insurance            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Gross premiums written   39,704 34,334 44,183    
Gross Premiums Earned, Property and Casualty   36,367 31,281 61,181    
Ceded Premiums Earned   (10,044) (11,457) (14,764)    
Premiums Earned, Net, Property and Casualty   26,323 19,824 46,417    
Investment Income, Net   2,093 2,274 1,630    
Net realized gains (losses)   (66) (19) 29    
Other revenue   62 64 42    
Revenues   28,412 22,143 48,118    
Policy Acquisition Costs   8,336 7,910 14,322    
General and Administrative Expense   3,483 2,170 12,264    
Costs and Expenses   30,557 26,263 65,282    
Operating Income (Loss)   (2,145) (4,120) (17,164)    
Other Income   0 11 1    
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax   (2,145) (4,109) (17,163)    
Income Tax Expense (Benefit)   (1,544) (1,103) (1,711)    
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent   (601) (3,006) (15,452)    
Fixed maturities, available-for-sale (amortized cost of $295,547 and $155,686, respectively) 42,316 38,523 42,316      
Other investments (amortized cost of $22,969 and $16,118, respectively) 0 978 0      
Cash and cash equivalents 14,832 22,897 14,832      
Accrued investment income 337 317 337      
Premiums receivable, net (credit allowance of $26 and $49, respectively) 1,350 1,606 1,350      
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments 282 259 282      
Prepaid Reinsurance Premiums 3,846 4,075 3,846      
Deferred policy acquisition costs 3,892 3,647 3,892      
Other Assets 1,418 166 1,418      
Disposal Group, Including Discontinued Operation, Assets 69,048 73,243 69,048      
Unpaid losses and loss adjustment expenses 22,483 21,499 22,483      
Unearned premiums 16,900 20,238 16,900      
Reinsurance Payable 2,312 3,966 2,312      
Payments outstanding 1,410 3,091 1,410      
Accounts Payable and Accrued Expenses 501 1,058 501      
Other Liabilities 487 21 487      
Disposal Group, Including Discontinued Operation, Liabilities 44,130 49,942 44,130      
change in gross unearned premiums   (3,337) (3,053) 16,998    
Policyholder Benefits and Claims Incurred, Net   18,738 16,183 $ 38,696    
Intangible Assets, Net (Excluding Goodwill) 775 775 775      
Operating Lease, Liability 37 69 37      
Continuing Operations            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Fixed maturities, available-for-sale (amortized cost of $295,547 and $155,686, respectively) 138,387 281,001 138,387      
Equity securities 0 36,794 0      
Other investments (amortized cost of $22,969 and $16,118, respectively) 16,487 23,623 16,487      
Cash and cash equivalents 138,930 137,036 138,930      
Restricted Cash 18,070 62,357 18,070      
Accrued investment income 1,767 2,964 1,767      
Premiums receivable, net (credit allowance of $26 and $49, respectively) 45,924 46,564 45,924      
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments 340,820 263,419 340,820      
Prepaid Reinsurance Premiums 155,301 160,893 155,301      
Deferred policy acquisition costs 21,149 40,282 21,149      
Other Assets 36,718 16,816 36,718      
Unpaid losses and loss adjustment expenses 347,738 322,087 347,738      
Unearned premiums 276,157 285,354 276,157      
Reinsurance Payable 0 83,130 0      
Payments outstanding 706 699 706      
Accounts Payable and Accrued Expenses 74,783 86,140 74,783      
Other Liabilities 672 757 672      
Notes payable 148,688 149,020 148,688      
Property, Plant and Equipment, Net 3,658 5,736 3,658      
Intangible Assets, Net (Excluding Goodwill) 8,548 5,908 8,548      
Operating Lease, Liability $ 739 $ 3,323 $ 739