| Schedule of Accounts, Notes, Loans and Financing Receivable |
The following table sets forth the carrying value of the Company’s mortgage loans as of December 31, 2024 and December 31, 2023: | | | | | | | | | | | | | | | | ($ in thousands) | | December 31, 2024 | | December 31, 2023 | | Commercial | | $ | 8,474 | | | $ | 14,469 | | | Retail | | 10,032 | | | 16,072 | | | Hospitality | | 7,984 | | | 12,744 | | | Industrial | | — | | | 6,785 | | | | | | | | | | | | | | $ | 26,490 | | | $ | 50,070 | | | | | | |
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| Investment Income |
The following table sets forth the proceeds from sales of available-for-sale fixed maturity securities and equity securities for the years ended December 31, 2024, 2023 and 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | 2024 | | 2023 | | 2022 | | Fixed maturity securities, available-for sale | | $ | 217,468 | | | $ | 26,626 | | | $ | 13,964 | | | Equity securities | | 37,534 | | | 40,201 | | | 37,177 | | | | | | | | |
The following table sets forth the components of net investment income for the years ended December 31, 2024, 2023 and 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | | | | | 2024 | | 2023 | | 2022 | | Income: | | | | | | | | | | | | Fixed maturity securities, available-for sale | | | | | | $ | 57,574 | | | $ | 34,703 | | | $ | 18,481 | | | Fixed maturity securities, held-to-maturity | | | | | | 4,177 | | | 4,163 | | | 5,375 | | | Equity securities | | | | | | 2,720 | | | 3,418 | | | 3,579 | | | Equity method investments | | | | | | 2,524 | | | (9,434) | | | 6,015 | | | Mortgage loans | | | | | | 5,153 | | | 5,474 | | | 4,767 | | | Indirect loans | | | | | | (2,400) | | | (4,155) | | | 4,846 | | | Short-term investments and cash | | | | | | 14,851 | | | 11,392 | | | 1,498 | | | Other | | | | | | 3,000 | | | 318 | | | (77) | | | Total investment income | | | | | | 87,599 | | | 45,879 | | | 44,484 | | | Investment expenses | | | | | | (6,913) | | | (5,557) | | | (7,553) | | | Net investment income | | | | | | $ | 80,686 | | | $ | 40,322 | | | $ | 36,931 | | | | | | | | | | | | |
The following table sets forth the Company’s gross investment income for mortgage loans for the years ended December 31, 2024, 2023 and 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | | | | | 2024 | | 2023 | | 2022 | | Commercial | | | | | | $ | 2,025 | | | $ | 2,340 | | | $ | 1,242 | | | Retail | | | | | | 1,853 | | | 1,853 | | | 1,255 | | | Hospitality | | | | | | 1,277 | | | 1,034 | | | 411 | | | Office | | | | | | — | | | 203 | | | 385 | | | Multi-family | | | | | | — | | | 44 | | | 909 | | | | | | | | | | | | | | Industrial | | | | | | — | | | — | | | 565 | | | | | | | | $ | 5,155 | | | $ | 5,474 | | | $ | 4,767 | | | | | | | | | | | | |
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