v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue and Other Income    
Gross earned premiums $ 64,728 $ 106,612
Ceded earned premiums (32,341) (45,750)
Net earned premiums 32,387 60,862
Net investment income 5,037 5,763
Net realized investment gains (losses) (716) (125)
Change in fair value of equity securities 234 (203)
Other gains 0 500
Other income 142 328
Change in fair value of contingent considerations 6,220 146
Total revenue and other income 43,304 67,271
Expenses    
Losses and loss adjustment expenses, net 38,541 73,302
Policy acquisition costs 8,405 13,335
Operating expenses 11,470 11,831
Interest expense 3,185 4,883
Total expenses 61,601 103,351
Income (loss) from continuing operations before income taxes (18,297) (36,080)
Income tax expense (benefit) 141 (1,840)
Net income (loss) from continuing operations (18,438) (34,240)
Net income from discontinued operations 0 58,587
Net income (loss) (18,438) 24,347
Series A Preferred Stock Dividends and Redemption premium 0 817
Net income (loss) allocable to common shareholders $ (18,438) $ 23,530
Earnings (loss) per common share, basic and diluted    
Net income (loss) from continuing operations, basic $ (1.51) $ (2.87)
Net income (loss) from continuing operations, diluted (1.51) (2.87)
Net income from discontinued operations, basic 0 4.79
Net income from discontinued operations, diluted 0 4.79
Net income (loss) allocable to common shareholders, basic (1.51) 1.93
Net income (loss) allocable to common shareholders, diluted $ (1.51) $ 1.93
Weighted average common shares outstanding, basic 12,222,881 12,222,881
Weighted average common shares outstanding, diluted 12,222,881 12,222,881