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Long-term Debt | 12 Months Ended
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Dec. 31, 2025
Debt Disclosure [Abstract] |
Long-Term Debt | Long-term Debt On June 27, 2007, the Company entered into a $7,000 surplus note with the SBAF under Florida’s Insurance Capital Build-Up Incentive Program (the “Program”). The term of the surplus note is 20 years and accrues interest, adjusted quarterly based on the 10-year Constant Maturity Treasury Rate. The effective interest rate paid on the surplus note was 4.15% and 3.75% for the years ended December 31, 2025 and December 31, 2024. Quarterly principal payments of $103 are due through 2027. Aggregate principal payments of approximately $411 were made during each of years ended December 31, 2025 and December 31, 2024. Any payment of the interest or repayment or principal is subject to approval by the FLOIR and may be paid only out of the insurance subsidiary’s earnings and only if its surplus exceeds specified levels required by the FLOIR. The Company’s insurance subsidiary, AIIC, is in compliance with each of the loan’s covenants as implemented by the agreement with the SBAF. An event of default will occur if AIIC: (i) fails to maintain a writing ratio of no more than 2 to 1, net premiums written to policyholders’ surplus; (ii) fails to submit quarterly filings to the FLOIR; (iii) fails to maintain a minimum surplus balance of $50,000, except for certain situations; (iv) misuses surplus note proceeds; (v) fails to make payments of interest and/or principal; (vi) makes any misrepresentations in the application for the Program; or (vii) pays any dividend when principal or interest payments are past due. Failure to fulfill any of these requirements may result in an increase in the interest rate to the maximum interest rate permitted by law, acceleration of the repayment of principal and interest, shortened term of the note, or the note being called and demand of full repayment. As of December 31, 2025 and December 31, 2024, AIIC’s net premiums written to surplus ratio was in excess of the required minimums and, therefore, the Company’s insurance subsidiary is not subject to the penalty rate. Long-term debt consisted of the following at:
| December 31,
2025 |  | 2024
Due currently | $412 |  | $412
Due later | 206 |  | 617
Surplus note | $618 |  | $1,029
The following table summarizes future maturities of long-term debt as of December 31, 2025:
| (in thousands)
2026 | $412
2027 | 206
Thereafter | —
| $618
Interest expense for the years ended December 31, 2025 and December 31, 2024 was $34 and $46, respectively.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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