v3.22.1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Segment Reporting [Abstract] |
Underwriting results and reconciliation from reportable segments and other's category net income (loss) to consolidated | The following tables summarize the underwriting results of our reportable segments and the reconciliation of our reportable segments' underwriting results to consolidated net income:
For the Three Months Ended March 31, 2022 |  | Diversified Reinsurance |  | AmTrust Reinsurance |  |  |  | Total
Gross premiums written |  | $ | 4,736 |  |  | $ | (14,906) |  |  |  |  | $ | (10,170) |
Net premiums written |  | $ | 4,583 |  |  | $ | (14,906) |  |  |  |  | $ | (10,323) |
Net premiums earned |  | $ | 5,955 |  |  | $ | (4,833) |  |  |  |  | $ | 1,122 |
Other insurance revenue |  | 51 |  |  | — |  |  |  |  | 51 |
Net loss and LAE |  | 1,360 |  |  | 923 |  |  |  |  | 2,283 |
Commission and other acquisition expenses |  | (3,771) |  |  | 1,243 |  |  |  |  | (2,528) |
General and administrative expenses |  | (2,098) |  |  | (485) |  |  |  |  | (2,583) |
Underwriting income (loss) |  | $ | 1,497 |  |  | $ | (3,152) |  |  |  |  | (1,655) |
Reconciliation to net loss |  |  |  |  |  |  |  |
Net investment income and net realized and unrealized investment gains |  |  |  |  |  |  |  | 8,876 |
Interest and amortization expenses |  |  |  |  |  |  |  | (4,832) |
Foreign exchange and other gains, net |  |  |  |  |  |  |  | 3,949 |
Other general and administrative expenses |  |  |  |  |  |  |  | (8,303) |
Income tax expense |  |  |  |  |  |  |  | (1,255) |
Interest in income of equity method investments |  |  |  |  |  |  |  | 1,271 |
Net loss |  |  |  |  |  |  |  | $ | (1,949) |
3. Segment Information (continued)
For the Three Months Ended March 31, 2021 |  | Diversified Reinsurance |  | AmTrust Reinsurance |  |  |  | Total
Gross premiums written |  | $ | 72 |  |  | $ | (2,462) |  |  |  |  | $ | (2,390) |
Net premiums written |  | $ | (234) |  |  | $ | (2,462) |  |  |  |  | $ | (2,696) |
Net premiums earned |  | $ | 6,240 |  |  | $ | 5,524 |  |  |  |  | $ | 11,764 |
Other insurance revenue |  | 269 |  |  | — |  |  |  |  | 269 |
Net loss and LAE |  | (1,415) |  |  | (944) |  |  |  |  | (2,359) |
Commission and other acquisition expenses |  | (3,755) |  |  | (2,187) |  |  |  |  | (5,942) |
General and administrative expenses |  | (1,574) |  |  | (603) |  |  |  |  | (2,177) |
Underwriting (loss) income |  | $ | (235) |  |  | $ | 1,790 |  |  |  |  | 1,555 |
Reconciliation to net income |  |  |  |  |  |  |  |
Net investment income and net realized and unrealized investment gains |  |  |  |  |  |  |  | 17,942 |
Interest and amortization expenses |  |  |  |  |  |  |  | (4,831) |
Foreign exchange and other gains, net |  |  |  |  |  |  |  | 3,542 |
Other general and administrative expenses |  |  |  |  |  |  |  | (11,820) |
Income tax expense |  |  |  |  |  |  |  | (49) |
Interest in income from equity method investments |  |  |  |  |  |  |  | 2,947 |
Net income |  |  |  |  |  |  |  | $ | 9,286 |
Reconciliation of assets from reportable segments to consolidated | The following tables summarize the financial position of the Company's reportable segments including the reconciliation to the Company's consolidated total assets at March 31, 2022 and December 31, 2021:
March 31, 2022 |  | Diversified Reinsurance |  | AmTrust Reinsurance |  | Total
Total assets - reportable segments |  | $ | 126,905 |  |  | $ | 1,686,992 |  |  | $ | 1,813,897 |
Corporate assets |  | — |  |  | — |  |  | 402,075 |
Total Assets |  | $ | 126,905 |  |  | $ | 1,686,992 |  |  | $ | 2,215,972 |
December 31, 2021 |  | Diversified Reinsurance |  | AmTrust Reinsurance |  | Total
Total assets - reportable segments |  | $ | 126,116 |  |  | $ | 1,810,940 |  |  | $ | 1,937,056 |
Corporate assets |  | — |  |  | — |  |  | 385,554 |
Total Assets |  | $ | 126,116 |  |  | $ | 1,810,940 |  |  | $ | 2,322,610 |
Net premiums by major line of business | The following tables set forth financial information relating to net premiums written by major line of business and reportable segment for the three months ended March 31, 2022 and 2021:
For the Three Months Ended March 31, |  | 2022 |  | 2021
Net premiums written |  | Total |  | % of Total |  | Total |  | % of Total
Diversified Reinsurance |  |  |  |  |  |  |  |
International |  | $ | 4,583 |  |  | (44.4) | % |  | $ | (244) |  |  | 9.1 | %
Other |  | — |  |  | — | % |  | 10 |  |  | (0.4) | %
Total Diversified Reinsurance |  | 4,583 |  |  | (44.4) | % |  | (234) |  |  | 8.7 | %
AmTrust Reinsurance |  |  |  |  |  |  |  |
Small Commercial Business |  | (11,722) |  |  | 113.5 | % |  | (2,478) |  |  | 91.9 | %
Specialty Program |  | 837 |  |  | (8.1) | % |  | (25) |  |  | 0.9 | %
Specialty Risk and Extended Warranty |  | (4,021) |  |  | 39.0 | % |  | 41 |  |  | (1.5) | %
Total AmTrust Reinsurance |  | (14,906) |  |  | 144.4 | % |  | (2,462) |  |  | 91.3 | %
Total Net Premiums Written |  | $ | (10,323) |  |  | 100.0 | % |  | $ | (2,696) |  |  | 100.0 | %
The following tables set forth financial information relating to net premiums earned by major line of business and reportable segment for the three months ended March 31, 2022 and 2021:
For the Three Months Ended March 31, |  | 2022 |  | 2021
Net premiums earned |  | Total | % of Total |  | Total |  | % of Total
Diversified Reinsurance |  |  |  |  |  |  |  |
International |  | $ | 5,955 |  |  | 530.7 | % |  | $ | 6,230 |  |  | 53.0 | %
Other |  | — |  |  | — | % |  | 10 |  |  | 0.1 | %
Total Diversified Reinsurance |  | 5,955 |  |  | 530.7 | % |  | 6,240 |  |  | 53.1 | %
AmTrust Reinsurance |  |  |  |  |  |  |  |
Small Commercial Business |  | (11,710) |  |  | (1,043.6) | % |  | (2,351) |  |  | (20.0) | %
Specialty Program |  | 838 |  |  | 74.7 | % |  | (18) |  |  | (0.2) | %
Specialty Risk and Extended Warranty |  | 6,039 |  |  | 538.2 | % |  | 7,893 |  |  | 67.1 | %
Total AmTrust Reinsurance |  | (4,833) |  |  | (430.7) | % |  | 5,524 |  |  | 46.9 | %
Total Net Premiums Earned |  | $ | 1,122 |  |  | 100.0 | % |  | $ | 11,764 |  |  | 100.0 | %

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration