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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net Income (Loss) $ 47,790 $ 42,653
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 3,413 4,115
Bond amortization and accretion 346 405
Net realized losses on investments 413 175
Net unrealized losses (gains) on equity securities (268) 1
Provision for uncollectable premiums (26) 0
Provision for uncollectable reinsurance recoverables (31) 46
Deferred income taxes, net 8,870 (4,769)
Stock based compensation 2,204 1,208
Fixed asset disposal 60 129
Loss on sale of subsidiary 328 0
Gain on disposition of former subsidiary 0 (1,007)
Changes in operating assets and liabilities:    
Accrued investment income (363) (2,955)
Premiums receivable (8,482) (7,178)
Reinsurance recoverable on paid and unpaid losses 93,822 134,331
Ceded unearned premiums (93,808) (109,130)
Deferred policy acquisition costs, net (18,540) (29,937)
Other assets 2,102 26,372
Unpaid losses and loss adjustment expenses (102,953) (137,873)
Unearned premiums 101,973 99,880
Reinsurance payable on premiums 139,759 233,259
Accounts payable and accrued expenses (21,742) 668
Operating lease liability (79) (689)
Other liabilities (396) 1,182
Net cash provided by operating activities 154,392 250,886
INVESTING ACTIVITIES    
Proceeds from sales, maturities and repayments of fixed maturities 55,868 7,283
Proceeds from sales, maturities and repayments of equity securities 9,998 0
Proceeds from sales, maturities and repayments of other investments 20,566 7,088
Payments to acquire fixed maturities, available-for-sale (22,638) (130,121)
Payments to acquire equity securities, FV-NI (12,023) (14,995)
Payments to acquire other investments (26,414) (22,069)
Cost of property, equipment and capitalized software acquired (96) 0
Net proceeds from sale of former subsidiary 4,495 0
Net cash provided by (used in) investing activities 29,756 (152,814)
FINANCING ACTIVITIES    
Proceeds from issuance of common stock, including exercise of stock options 774 11,458
Net cash provided by financing activities 774 11,458
Increase in cash, cash equivalents and restricted cash, including cash classified as assets held for sale 184,922 109,530
Cash, cash equivalents and restricted cash at beginning of period 199,393  
Cash, cash equivalents and restricted at end of period 407,212  
Supplemental Cash Flows Information    
Interest paid 5,438 5,438
Income taxes refunded (1,023) (6,564)
Continuing Operations    
FINANCING ACTIVITIES    
Cash, cash equivalents and restricted cash at beginning of period 222,290 171,832
Cash, cash equivalents and restricted at end of period $ 407,212 $ 281,362