v3.26.1
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Investments $ 1,106,786 $ 1,062,824
Reinsurance recoverable 272,918 259,454
Deferred acquisition costs 6,791 6,524
Goodwill 30,193 55,697
Other assets 26,419 47,362
Assets 1,600,718 1,561,949
LIABILITIES    
Future policy benefits 781,881 769,533
Accrued expenses and other liabilities 20,025 8,664
Liabilities 1,509,762 1,457,866
Commitments and Contingencies
EQUITY    
Common shares 13 6
Warrants 1,426 1,426
Additional paid-in-capital 177,099 123,889
Retained earnings (accumulated deficit) (120,746) (58,279)
Accumulated other comprehensive income (loss) 33,164 37,041
Total equity 90,956 104,083
Total liabilities and equity 1,600,718 1,561,949
Asset Management    
ASSETS    
Cash and cash equivalents 14,999 8,933
Investments 29,298 21,370
Intangible assets 10,961 25,940
Goodwill 1,000 1,000
Other assets 11,165 9,179
Assets 66,423 65,422
LIABILITIES    
Due to related parties 11,844 10,470
Debt obligations 76,250 74,963
Accrued expenses and other liabilities 9,515 5,669
Liabilities 97,609 91,102
Asset Management | Consolidated Entity, Excluding Consolidated VIE    
ASSETS    
Investments 29,298 21,370
Insurance Solutions    
ASSETS    
Restricted cash 9,973 15,716
Derivatives 481 0
Intangible assets 2,444 2,444
Reinsurance recoverable 272,918 259,454
Deferred acquisition costs 6,791 6,524
Goodwill 30,193 55,697
Other assets 15,254 38,183
Assets 1,534,295 1,496,527
LIABILITIES    
Future policy benefits 781,881 769,533
Interest sensitive contract liabilities 363,981 334,876
Funds held under reinsurance contracts 237,143 239,918
Debt obligations 17,250 14,250
Derivatives 1,388 5,192
Accrued expenses and other liabilities 10,510 2,995
Liabilities 1,412,153 1,366,764
Insurance Solutions | Consolidated Entity, Excluding Consolidated VIE    
ASSETS    
Cash and cash equivalents 88,723 51,999
Investments 956,808 915,556
Other assets 14,299 37,135
Insurance Solutions | Variable Interest Entity, Primary Beneficiary    
ASSETS    
Cash and cash equivalents 30,030 25,056
Investments 120,680 125,898
Other assets $ 955 $ 1,048