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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations - Results of Ops IIC

The results from IIC's discontinued operations for the three and six months ended June 30, 2025 and 2024 are presented below.

IIC Results from Discontinued Operations


	Three Months Ended June 30,					Six Months Ended June 30,
	2025 (2)		2024			2025			2024
REVENUE:
Gross premiums written	$	—	$	6,002		$	13,120		$	18,859
Change in gross unearned premiums		—		2,756			(3,336	)		(1,549	)
Gross premiums earned		—		8,758			9,784			17,310
Ceded premiums earned		—		(2,316	)		(2,528	)		(4,769	)
Net premiums earned		—		6,442			7,256			12,541
Net investment income		—		533			538			1,024
Net realized investment losses		—		(53	)		(2	)		(53	)
Other revenue		—		15			16			31
Total revenue		—		6,937			7,808			13,543
EXPENSES:
Losses and loss adjustment expenses		—		5,887			3,179			9,319
Policy acquisition costs		—		1,984			1,906			4,182
General and administrative expenses		—		425			546			1,555
Total expenses		—		8,296			5,631			15,056
Income (loss) before income taxes		—		(1,359	)		2,177			(1,513	)
Provision (benefit) for income taxes(1)		—		(1,340	)		540			(1,384	)
Income (loss) from discontinued operations, net of tax	$	—	$	(19	)	$	1,637		$	(129	)

(1) Includes $1,007,000 in tax benefit related to discontinued operations outside of IIC stand-alone results for the three and six months ended June 30, 2024.

(2) Excludes loss on sale and realization of unrealized losses on fixed maturity portfolio, the details of which are described above and are not operational results related to IIC.

Schedule of Discontinued Operations - Assets & Liabilities IIC

The major classes of IIC assets and liabilities transferred as a result of the sale as of the date of sale and December 31, 2024 are presented below.

IIC Major Classes of Assets and Liabilities Sold and Disposed


	April 1, 2025		December 31, 2024
ASSETS
Fixed maturities, available-for-sale	$	40,925	$	38,523
Other investments		988		978
Cash and cash equivalents		21,206		22,897
Accrued investment income		297		317
Premiums receivable, net		3,174		1,606
Reinsurance recoverable on paid and unpaid losses, net		265		259
Ceded unearned premiums		2,004		4,075
Deferred policy acquisition costs, net		4,462		3,647
Intangible assets, net		775		775
Other assets		488		166
Total assets	$	74,584	$	73,243

LIABILITIES
Unpaid losses and loss adjustment expenses	$	21,391	$	21,499
Unearned premiums		23,574		20,238
Reinsurance payable on premiums		—		3,966
Payments outstanding		2,223		3,091
Accounts payable and accrued expenses		101		1,058
Operating lease liability		65		69
Other liabilities		1,402		21
Total liabilities	$	48,756	$	49,942