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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net Income (Loss) $ 80,273 $ 70,772
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 5,042 6,614
Bond amortization and accretion 481 553
Net realized losses on investments 411 190
Net unrealized gains on equity securities (3,429) (1,542)
Provision for uncollectable premiums (26) 32
Provision for uncollectable reinsurance recoverables (36) 58
Deferred income taxes, net 11,741 (2,558)
Stock based compensation 3,251 1,903
Fixed asset disposal 61 129
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 (242) (1,579)
Premiums receivable 14,687 26,425
Reinsurance recoverable on paid and unpaid losses 119,188 193,719
Ceded unearned premiums (21,402) (45,792)
Deferred policy acquisition costs, net (4,746) (22,067)
Other assets 2,519 26,368
Unpaid losses and loss adjustment expenses (133,492) (175,543)
Unearned premiums 11,029 35,857
Reinsurance payable on premiums 55,961 124,656
Accounts payable and accrued expenses (22,161) 999
Operating lease liability (134) (739)
Other liabilities (527) 4,459
Net cash provided by operating activities 118,777 241,907
INVESTING ACTIVITIES    
Proceeds from sales, maturities and repayments of fixed maturities 112,781 12,687
Proceeds from sales, maturities and repayments of equity securities 9,982 0
Proceeds from sales, maturities and repayments of other investments 20,622 12,111
Payments to acquire fixed maturities, available-for-sale (76,069) (140,667)
Payments to acquire equity securities, FV-NI (21,028) (23,995)
Payments to acquire other investments (33,392) (23,029)
Cost of property, equipment and capitalized software acquired (96) (11)
Net proceeds from sale of former subsidiary 4,495 0
Net cash provided by (used in) investing activities 17,295 (162,904)
FINANCING ACTIVITIES    
Proceeds from issuance of common stock, including exercise of stock options 774 11,621
Net cash provided by financing activities 774 11,621
Increase in cash, cash equivalents and restricted cash, including cash classified as assets held for sale 136,846 90,624
Cash, cash equivalents and restricted cash at beginning of period 199,393  
Cash, cash equivalents and restricted at end of period 359,136  
Supplemental Cash Flows Information    
Interest paid 5,438 5,438
Income taxes refunded (1,039) (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 $ 359,136 $ 262,456