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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net Income (Loss) $ 43,241 $ 25,429 $ (850)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Amortization and depreciation 5,764 6,199 8,398
Amortization of debt issuance costs 0 0 41
Gross proceeds from sale of renewal rights 0 0 (30,000)
Adjustment on lease right of use assets and lease liability (917) 0 0
Impairment loss on lease right of use assets 0 0 488
Impairment loss on furniture and fixtures and leasehold improvements 394 0 0
Impairment loss on software 0 0 508
Impairment loss on goodwill and intangible assets 0 0 5,657
Restricted stock and stock option expense 4,787 3,486 3,899
Deferred federal income taxes 11,300 5,326 2,395
Amortization of bond premium and discount, net (15,656) (6,749) 1,267
Net realized investment (gains) losses (455) 2,107 32,929
Loss on extinguishment of debt 0 0 3,529
(Income) loss from equity method investments, net of distributions (80) (2,369) 6,549
Changes in:      
Premium receivables, net 27,070 66,585 (40,299)
Reinsurance receivables, net 13,584 5,282 14,143
Funds held by ceding insurers (13,109) 2,142 8,785
Unpaid losses and loss adjustment expenses (50,208) 18,195 72,500
Unearned premiums 559 (86,501) (47,213)
Reinsurance balances payable 5,539 (14,599) (18,099)
Other assets and liabilities 5,301 (14,970) (12,814)
Contingent commissions 1,194 (3,184) 913
Federal income tax receivable / payable (2,420) 1,595 0
Deferred acquisition costs 1,309 22,449 (4,563)
Prepaid reinsurance premiums 1,638 12,463 36,073
Net cash provided by operating activities 38,835 42,886 44,236
Cash flows from investing activities:      
Proceeds from sale of fixed maturities 112,507 148,164 933,554
Proceeds from sale of equity securities 0 1,158 88,726
Proceeds from maturity of fixed maturities 973,523 280,115 81,546
Proceeds from maturity of preferred stock 5,534 500 1,000
Proceeds from other invested assets 8,902 2,309 107,925
Amounts received in connection with derivatives 0 0 12,726
Purchases of fixed maturities (1,139,971) (448,465) (1,164,683)
Purchases of equity securities 0 (111) (10,660)
Gross proceeds from sale of renewal rights 0 0 30,000
Net cash provided by (used for) investing activities (39,505) (16,330) 80,134
Cash flows from financing activities:      
Distributions paid to common shareholders (19,389) (14,248) (14,366)
Distributions paid to preferred shareholders (440) (440) (440)
Purchases of class A common shares (529) (12,677) (22,335)
Issuance of class A common shares 0 0 3,339
Redemption of subordinated notes 0 0 (130,000)
Net cash used for financing activities (20,358) (27,365) (163,802)
Net change in cash and cash equivalents (21,028) (809) (39,432)
Cash and cash equivalents at beginning of period 38,037 38,846 78,278
Cash and cash equivalents at end of period $ 17,009 $ 38,037 $ 38,846