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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Investments, at fair value:    
Fixed maturities, available-for-sale $ 246,499,000 $ 281,001,000
Equity securities 52,585,000 36,794,000
Other investments 36,827,000 23,623,000
Total investments 335,911,000 341,418,000
Cash and cash equivalents 267,872,000 137,036,000
Restricted cash 91,264,000 62,357,000
Total cash, cash equivalents and restricted cash 359,136,000 199,393,000
Accrued investment income 3,226,000 2,964,000
Property and equipment, net 2,807,000 5,736,000
Premiums receivable, net 30,335,000 46,564,000
Reinsurance recoverable on paid and unpaid losses, net 144,261,000 263,419,000
Ceded uneared premiums 184,366,000 160,893,000
Goodwill 59,476,000 59,476,000
Deferred policy acquisition costs 44,214,000 40,282,000
Intangible assets, net 4,080,000 5,908,000
Other assets 11,042,000 16,816,000
Assets held for sale 0 73,243,000
Total Assets 1,178,854,000 1,216,112,000
Liabilities    
Unpaid losses and loss adjustment expenses 188,703,000 322,087,000
Unearned premiums 293,047,000 285,354,000
Reinsurance payable on premiums 143,058,000 83,130,000
Accounts payable and accrued expenses 64,936,000 86,140,000
Operating lease liability 3,193,000 3,323,000
Notes payable, net 149,270,000 149,020,000
Other liabilities 9,426,000 1,456,000
Liabilities held for sale 0 49,942,000
Total Liabilities 851,633,000 980,452,000
Commitments and Contingencies (Note 12)
Stockholders' Equity    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized 5,000 5,000
Additional paid-in capital 440,549,000 436,524,000
Treasury shares, at cost; 212,083 shares (431,000) (431,000)
Accumulated other comprehensive loss (8,403,000) (15,666,000)
Retained earnings (deficit) (104,499,000) (184,772,000)
Total Stockholders' Equity 327,221,000 235,660,000
Total Liabilities and Stockholders' Equity $ 1,178,854,000 $ 1,216,112,000