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v3.25.1

Statement of Financial Position, Unclassified - Insurance Based Operations (Statement) - USD ($) $ in Thousands | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2025 | Mar. 31, 2024 | Jun. 30, 2024 | Jun. 04, 2024
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $ (30,247) | $ 24,140 |  |
5.1% Surplus Notes Due 2020 | Ambac Assurance Corporation [Member] |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage |  |  |  | 5.10%
Discontinued Operations, Held-for-Sale or Disposed of by Sale | Ambac Assurance Corporation [Member] |  |  |  |
Disposal Group, Including Discontinued Operation, Consideration |  |  |  | $ 420,000
Disposal Group, Including Discontinued Operation, Consideration, Fair Value, Net, After Allowance For Closing Costs | 402,224 |  |  |
Disposal Group, Including Discontinued Operation, Consideration, Fair Value, Net | 409,759 |  |  |
Disposal Group, Including Discontinued Operation, Estimated Closing Costs | (7,535) |  |  |
Disposal Group, Including Discontinued Operation, Net Assets Held-For Sale | 986,866 |  |  |
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | (14,496) |  |  |
Disposal Group, Including Discontinued Operation, Valuation Allowance On Assets Held-For-Sale | (584,642) |  |  |
Class of Warrant or Right, Exercise Price of Warrants or Rights |  |  |  | $ 18.50
Warrants and Rights Outstanding, Term |  |  |  | 6 years 6 months
Class Of Warrant Or Right, Number Of Securities Called By Warrants Or Rights, Percentage Of Fully Diluted Shares Of Common Stock |  |  | 9.90% |
Disposal Group, Including Discontinued Operation, Premiums Earned, Net | 4,763 | 7,486 |  |
Disposal Group, Including Discontinued Operation, Net Investment Income | 20,700 | 38,031 |  |
Disposal Group, Including Discontinued Operation, Realized Investment Gains (Losses) | (5,954) | 568 |  |
Disposal Group, Including Discontinued Operation, Derivative, Gain (Loss) On Derivative, Net | (533) | 1,533 |  |
Disposal Group, Including Discontinued Operation, Revenue | 26,797 | 53,058 |  |
Disposal Group, Including Discontinued Operation, Policyholder Benefits And Claims Incurred, Net | 10,735 | (20,708) |  |
Disposal Group, Including Discontinued Operation, Amortization | 5,826 | 11,327 |  |
Disposal Group, Including Discontinued Operation, General and Administrative Expense | 9,082 | 17,693 |  |
Disposal Group, Including Discontinued Operation, Interest Expense | $ 15,951 | $ 15,980 |  |

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