The Company presents its expenses in four major captions: loss and loss adjustment expenses, policy acquisition costs, general and administrative expenses and interest expense. The Company has presented the disaggregation of its general and administrative expenses below for the three and six months ended June 30, 2025 and 2024 to enhance disclosure regarding its recast general and administrative expenses.


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
General and Administrative Expenses
Employee compensation(1)	$	1,934		$	4,174		$	4,758		$	7,504
Depreciation and amortization		1,081			1,337			2,193			2,693
Association fees		932			826			2,017			1,837
Software & equipment costs		874			926			1,832			1,966
Professional services		735			1,047			1,659			2,237
Intangible asset amortization		610			609			1,219			1,421
Audit fees		241			849			662			1,512
Liability insurance		371			471			746			1,032
Legal fees		141			1,093			376			1,487
Operating lease expense		108			(36	)		225			44
Provision for (reversal of) expected credit losses		(43	)		(14	)		(57	)		(46	)
Other general and administrative(2)		794			656			1,654			1,503
Total general and administrative expenses	$	7,778		$	11,938		$	17,284		$	23,190

(1) For the three and six months ended June 30, 2025 and 2024, employee compensation includes $2.9 million and $4.5 million, respectively, in one-time employee retention tax credit refunds.

(2) For the three and six months ended June 30, 2025 and 2024, other general and administrative expenses were comprised primarily of regulatory fees, franchise fees, and overhead such as office utilities.