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Note 20 - Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

(in thousands)		June 30, 2025
		Fair Value Measurements at the End of the Reporting Period Using
						Quoted Prices in				Significant				Significant
						Active Markets for				Other Observable				Unobservable
						Identical Assets				Inputs				Inputs
		Total				(Level 1)				(Level 2)				(Level 3)
Recurring fair value measurements:
Assets:
Fixed maturities:
U.S. government, government agencies and authorities		$	13,715			$	—			$	13,715			$	—
States, municipalities and political subdivisions			2,249				—				2,249				—
Mortgage-backed			10,254				—				10,254				—
Asset-backed			1,455				—				1,455				—
Corporate			9,857				—				9,857				—
Total fixed maturities			37,530				—				37,530				—
Limited liability investment, at fair value			3,037				—				—				3,037
Total assets		$	40,567			$	—			$	37,530			$	3,037
Liabilities:
Subordinated debt		$	13,928			$	—			$	13,928			$	—
Total liabilities		$	13,928			$	—			$	13,928			$	—

(in thousands)		December 31, 2024
		Fair Value Measurements at the End of the Reporting Period Using
						Quoted Prices in				Significant				Significant
						Active Markets for				Other Observable				Unobservable
						Identical Assets				Inputs				Inputs
		Total				(Level 1)				(Level 2)				(Level 3)
Recurring fair value measurements:
Assets:
Fixed maturities:
U.S. government, government agencies and authorities		$	13,354			$	—			$	13,354			$	—
States municipalities and political subdivisions			2,775				—				2,775				—
Mortgage-backed			9,886				—				9,886				—
Asset-backed			1,326				—				1,326				—
Corporate			9,622				—				9,622				—
Total fixed maturities			36,963				—				36,963				—
Limited liability investment, at fair value			2,859				—				—				2,859
Total assets		$	39,822			$	—			$	36,963			$	2,859
Liabilities:
Subordinated debt		$	13,409			$	—			$	13,409			$	—
Contingent consideration			2,725				—				—				2,725
Total liabilities		$	16,134			$	—			$	13,409			$	2,725

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

(in thousands)		Three months ended June 30,								Six months ended June 30,
		2025				2024				2025				2024
Assets:
Limited liability investment, at fair value:
Beginning balance		$	2,860			$	3,488			$	2,859			$	3,496
Distributions received			(95	)			(937	)			(95	)			(1,052	)
Realized gains included in net loss			95				271				95				386
Change in fair value of limited liability investment, at fair value included in net loss			177				86				178				78
Ending balance		$	3,037			$	2,908			$	3,037			$	2,908
Unrealized losses (gains) on limited liability investments, at fair value held at end of period:
Included in net loss		$	177			$	86			$	178			$	78
Included in other comprehensive (loss) income		$	—			$	—			$	—			$	—
Ending balance - assets		$	3,037			$	2,908			$	3,037			$	2,908
Liabilities:
Contingent consideration:
Beginning balance		$	—			$	3,375			$	2,725			$	3,105
Settlements of contingent consideration liabilities		$	—			$	—			$	(2,725	)		$	—
Change in fair value of contingent consideration included in net loss			—				—				—				270
Ending balance		$	—			$	3,375			$	—			$	3,375
Unrealized gains recognized on contingent consideration liability held at end of period:
Included in net loss		$	—			$	—			$	—			$	270
Included in other comprehensive (loss) income		$	—			$	—			$	—			$	—
Ending balance - liabilities		$	—			$	3,375			$	—			$	3,375

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

		Fair Value
Categories			(in thousands)		Valuation Techniques	Unobservable Inputs			Input Value(s)
Limited liability investment, at fair value		$	3,037		Market approach	Valuation multiples		1.0x - 9.0x

		Fair Value
Categories			(in thousands)		Valuation Techniques	Unobservable Inputs			Input Value(s)
Limited liability investment, at fair value		$	2,859		Market approach	Valuation multiples		1.0x - 9.0x
Contingent consideration		$	2,725		Option-based income approach	Discount rate			8.25	%
						Risk-free rate			4.96	%
						Expected volatility			9.0	%

Fair Value, Nonrecurring [Member]

Notes Tables

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

		Fair Value
Categories		(in thousands)			Valuation Techniques	Unobservable Inputs		Input Value(s)
Customer relationships		$	500		Multi-period excess earnings	Growth rate			3.0	%
						Attrition rate			30.0	%
						Discount rate			18.0	%
Trade name		$	3,100		Relief from royalty	Royalty rate			5.0	%
						Discount rate			17.0	%

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