v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue    
Assumed premiums $ 2,275 $ 2,379
Change in unearned premiums reserve 12 (76)
Net premiums earned 2,287 2,303
SurancePlus fee income 1 312
Realized gain on other investments 35
Net investment and other income 314 248
Interest and gain on redemption of Series A-1 preferred shares 47
Interest and gain on redemption of loan receivable 41
Unrealized loss on other investments (20) (2,145)
Change in fair value of equity securities (40) (260)
Total revenue 2,577 546
Expenses    
Losses and loss adjustment expenses 2,742
Policy acquisition costs and underwriting expenses 252 254
General and administrative expenses 3,046 1,917
Total expenses 6,040 2,171
Loss before loss (income) attributable to tokenholders and non-controlling interests (3,463) (1,625)
Loss (income) attributable to tokenholders 1,386 (962)
Loss before income attributable to non-controlling interests (2,077) (2,587)
Income attributable to non-controlling interests (2) (139)
Net loss attributable to ordinary shareholders $ (2,079) $ (2,726)
Loss per share attributable to ordinary shareholders    
Basic $ (0.28) $ (0.45)
Diluted $ (0.28) $ (0.45)
Weighted-average shares outstanding    
Basic 7,389,822 6,099,051
Diluted 7,389,822 6,099,051