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Segment Reporting
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Disclosure
2.    SEGMENT INFORMATION
The Company reports its results of continuing operations in two segments: Specialty Property and Casualty Insurance and Insurance Distribution. These reportable segments offer distinct products and services as further described in Note 1. Background and Business Description. The Company's segments have separate management teams with incentive compensation structures based on segment level performance. Financial reporting for each segment is regularly provided to the Company's Chief Executive Officer, who is the chief operating decision maker ("CODM") for purposes of monitoring the businesses, assessing performance and allocating resources.
The following tables summarize the components of the Company’s total revenues and expenses, and pretax income (loss) by reportable business segment. Information provided below for “Corporate and Other” primarily relates to the operations of AFG, which will include investment income on its investment portfolio and costs to maintain the operations of AFG, including public company reporting, capital management and business development costs for the acquisition and development of new business initiatives. As a result of the Company reporting the results of operations of AAC as discontinued operations, certain corporate costs charged to AAC totaling $1,521 and $3,678 for the three months ended September 30, 2025 and 2024 and $6,786 and $11,258 for the nine months ended September 30, 2025 and 2024, respectively, have been reported in Net income from continuing operations on the Consolidated Statements of Total Comprehensive Income and included in Corporate and Other in the tables below.
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
Reportable SegmentsReportable Segments
Specialty Property & Casualty InsuranceInsurance DistributionCorporate & OtherTotalSpecialty Property & Casualty InsuranceInsurance DistributionCorporate & OtherTotal
Revenues:
Net premiums earned$17,027 $17,027 $27,441 $27,441 
Commissions$36,059 36,059 $23,064 23,064 
Servicing and other fees4,855 4,855 2,266 2,266 
Program fees3,590 3,590 3,622 3,622 
Investment income1,648 401 $617 2,666 1,672 300 $1,516 3,488 
Other509 1,906 (7)2,408 7,397 (1,635)4,362 10,124 
Total revenues from continuing operations22,774 43,222 610 66,606 40,132 23,995 5,878 70,005 
Less:
Losses and loss adjustment expenses14,386 14,386 20,421 20,421 
Policy acquisition costs3,491 3,491 5,993 5,993 
Commissions11,167 11,167 9,499 9,499 
Intangible amortization and depreciation9,417 329 9,746 6,635 469 7,104 
Interest6,185 6,185 3,745 3,745 
Compensation expense2,734 15,649 14,746 33,129 2,802 9,273 6,517 18,592 
Non Compensation expense2,208 6,551 11,822 20,581 1,982 2,792 20,634 25,408 
Total expenses from continuing operations22,819 48,969 26,897 98,685 31,198 31,944 27,620 90,762 
Segment pretax income (loss)(45)(5,747)(26,287)(32,079)8,934 (7,949)(21,742)(20,757)
Segment income tax expense (benefit)8 (1,241)(8)(1,241)944 (883)(928)(867)
Segment net income (loss)(53)(4,506)(26,279)(30,838)7,990 (7,066)(20,814)(19,890)
Segment net (income) loss attributable to noncontrolling interest— (892)(892)— 1,773 1,773 
Net income (loss) attributable to shareholders$(53)$(5,398)$(26,279)(31,730)$7,990 $(5,293)$(20,814)(18,117)
Reconciliation to consolidated net income (loss) attributable to shareholders
Discontinued operations(80,890)(9,386)
Net income (loss) attributable to shareholders$(112,620)$(27,503)
Reconciliation of segment assets to consolidated total assets
Total assets$898,722 $971,160 $278,428 $2,148,310 $811,564 $936,578 $149,916 $1,898,058 
Discontinued operations7,358,328 
Total consolidated assets$9,256,386 
EBITDA RECONCILIATION
Segment net income (loss)$(53)$(4,506)$(26,279)$(30,838)$7,990 $(7,066)$(20,814)$(19,890)
Adjustments:
Interest expense— 6,185 — 6,185 — 3,745 — 3,745 
Income taxes8 (1,241)(8)(1,241)944 (883)(928)(867)
Depreciation expense— 145 329 474 — 206 475 681 
Amortization expense— 9,272 — 9,272 — 6,423 — 6,423 
EBITDA(45)9,855 (25,958)(16,148)8,934 2,425 (21,267)(9,908)
Impact of noncontrolling interests— (3,927)(3,927)— (557)(557)
EBITDA to shareholders$(45)$5,928 $(25,958)$(20,075)$8,934 $1,868 $(21,267)$(10,465)
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
Reportable SegmentsReportable Segments
Specialty Property & Casualty InsuranceInsurance DistributionCorporate & OtherTotalSpecialty Property & Casualty InsuranceInsurance DistributionCorporate & OtherTotal
Revenues:
Net premiums earned$48,908 $48,908 $80,074 $80,074 
Commissions$103,152 103,152 $54,014 54,014 
Servicing and other fees14,291 14,291 2,266 2,266 
Program fees10,739 10,739 9,517 9,517 
Investment income5,238 1,117 $1,735 8,090 4,536 427 $5,928 10,891 
Other450 (1,300)(12)(862)7,375 (1,541)7,997 13,831 
Total revenues from continuing operations65,335 117,261 1,723 184,319 101,502 55,166 13,925 170,593 
Less:
Losses and loss adjustment expenses35,860 35,860 62,800 62,800 
Policy acquisition costs11,031 11,031 15,816 15,816 
Commissions28,935 28,935 27,209 27,209 
Intangible amortization and depreciation27,590 1,073 28,663 8,931 1,401 10,332 
Interest17,209 17,209 3,745 3,745 
Compensation expense8,850 43,636 26,312 78,798 7,653 13,467 18,704 39,824 
Non Compensation expense7,517 18,050 28,416 53,983 5,578 4,665 39,369 49,612 
Total expenses from continuing operations63,258 135,420 55,801 254,479 91,847 58,017 59,474 209,338 
Segment pretax income (loss)2,077 (18,159)(54,078)(70,160)9,655 (2,851)(45,549)(38,745)
Segment income tax expense (benefit)278 (3,922)(386)(4,030)1,023 (756)(1,034)(767)
Segment net income (loss)1,799 (14,237)(53,692)(66,130)8,632 (2,095)(44,515)(37,978)
Segment net (income) loss attributable to noncontrolling interest— (2,292)(2,292)2 857 859 
Net income (loss) attributable to shareholders$1,799 $(16,529)$(53,692)(68,422)$8,634 $(1,238)$(44,515)(37,119)
Reconciliation to consolidated net income (loss) attributable to shareholders
Discontinued operations(163,288)28,936 
Net income (loss) attributable to shareholders$(231,710)$(8,183)
EBITDA RECONCILIATION
Segment net income (loss)$1,799 $(14,237)$(53,692)$(66,130)$8,632 $(2,095)$(44,515)$(37,978)
Adjustments:
Interest expense— 17,209 — 17,209 — 3,745 — 3,745 
Income taxes278 (3,922)(386)(4,030)1,023 (756)(1,034)(767)
Depreciation expense— 343 1,073 1,416 — 230 1,401 1,631 
Amortization expense— 27,247 — 27,247 — 8,701 — 8,701 
EBITDA2,077 26,640 (53,005)(24,288)9,655 9,825 (44,148)(24,668)
Impact of noncontrolling interests— (11,132)— (11,132)(1,907)— (1,907)
EBITDA to shareholders$2,077 $15,508 $(53,005)$(35,420)$9,655 $7,918 $(44,148)$(26,575)
(1)Inter-segment revenues and inter-segment pre-tax income (loss) amounts are insignificant and are not presented separately.