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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities        
Net income $ 69,927 $ (547) $ 69,533 $ (924)
Less: net loss from discontinued operations 495 0 495 0
Adjustments to reconcile net income to net cash flows from operating activities:        
Other non-cash expenses including depreciation, amortization, share-based compensation and leases     2,797 34
Gain on bargain purchase (73,590) 0 (73,590) 0
Net realized and unrealized investment gains (1,058) 0 (1,058) 0
Change in allowance for expected credit losses     215 0
Foreign exchange and other losses 5,009 0 5,009 0
Changes in assets – (increase) decrease:        
Reinsurance balances receivable, net     93 0
Reinsurance recoverable on unpaid losses     (3,586) 0
Accrued investment income     (801) 0
Funds withheld receivable     (668) 0
Other assets     (27) 1,968
Changes in liabilities – increase (decrease):        
Reserve for loss and loss adjustment expenses     (25,090) 0
Unearned premiums     (1,327) 0
Accrued expenses and other liabilities     8,452 (1,644)
Net cash used in continuing operations     (19,553) (566)
Net cash used in discontinued operations     (1,185) 0
Net cash used in operating activities     (20,738) (566)
Cash flows from investing activities:        
Purchases of fixed maturities      (23,889) 0
Purchases of other investments     (1,380) 0
Purchases of equity method investments     (490) 0
Proceeds from sales of fixed maturities  7,312   7,312 0
Proceeds from maturities, paydowns and calls of fixed maturities     26,670 0
Proceeds from sale and redemption of other investments     141 0
Proceeds from sale and redemption of equity method investments     163 0
Cash acquired from purchase of business     79,807 0
Others, net     (1) 0
Net cash provided by (used in) investing activities     88,333 0
Cash flows from financing activities:        
Dividends paid – Kestrel equityholders     (40,000) 0
Net cash used in financing activities     (40,000) 0
Effect of exchange rate changes on foreign currency cash, restricted cash and cash equivalents     661 0
Net increase (decrease) in cash, restricted cash and cash equivalents     28,256 (566)
Cash, restricted cash and cash equivalents, beginning of period     4,286 5,553
Cash, restricted cash and cash equivalents, end of period 32,542 4,987 32,542 4,987
Less: change in cash and cash equivalents held for sale (1,126) 0 (1,126) 0
Cash, restricted cash and cash equivalents, end of period, excluding held-for-sale 33,668 4,987 33,668 4,987
Reconciliation of cash and restricted cash reported within Condensed Consolidated Balance Sheets:        
Cash and cash equivalents, end of period 18,951 4,987 18,951 4,987
Restricted cash and cash equivalents, end of period 14,717 0 14,717 0
Total cash, restricted cash and cash equivalents, end of period $ 33,668 $ 4,987 $ 33,668 $ 4,987