Discontinued Operations |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Discontinued Operations and Disposal Groups [Abstract] | |
| Discontinued Operations | Discontinued Operations The Company previously entered into a stock purchase agreement with Fleming Intermediate Holdings LLC, a Cayman Islands limited liability company (“Fleming”) pursuant to which Fleming agreed to purchase from the Company all of the common shares of JRG Reinsurance Company Ltd. (“JRG Re”). The sale of JRG Re, which previously comprised the remaining operations of the former Casualty Reinsurance segment, closed on April 16, 2024, and resulted in the disposition of the Company's casualty reinsurance business and related assets. The Company determined that the sale of JRG Re represented a strategic shift that had a major effect on its operations. Accordingly, losses recognized on the disposal of JRG Re have been presented as discontinued operations for all periods presented in this interim report on Form 10-Q. For the three months ended March 31, 2026, the loss on disposal of $149,000 reflects additional selling costs incurred by the Company related to the sale of JRG Re net of a tax benefit. For the three months ended March 31, 2025, the loss on disposal of $1.4 million included a final downward adjustment to the closing date purchase price plus interest of $520,000 and additional selling costs incurred by the Company related to the sale of JRG Re of $894,000.
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