Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment


						Three Months Ended March 31, 2026																								Three Months Ended March 31, 2025
						Reportable Segments																														Reportable Segments
						Specialty Property & Casualty Insurance						Insurance Distribution						Corporate & Other												Total						Specialty Property & Casualty Insurance						Insurance Distribution						Corporate & Other												Total
Revenues:
Net premiums earned						$	20,001																							$	20,001					$	15,678																							$	15,678
Commissions												$	68,178																	68,178												$	36,771																	36,771
Servicing and other fees												9,362																		9,362												4,964																		4,964
Program fees						3,644																								3,644						3,652																								3,652

Investment income						1,649						308						$	398											2,355						1,842						376						$	597											2,815


Other						5						678						(53)												630						(1)						(1,113)						(10)												(1,124)
Total revenues from continuing operations						25,299						78,526						345												104,170						21,171						40,998						587												62,756
Less:
Losses and loss adjustment expenses						19,679																								19,679						10,496																								10,496
Policy acquisition costs						6,371																								6,371						3,841																								3,841
Commissions												14,005																		14,005												10,365																		10,365


Intangible amortization and depreciation												11,942						272												12,214												8,872						304												9,176
Interest												2,090																		2,090												5,454																		5,454
Compensation expense						5,298						24,983						6,763												37,044						3,510						13,533						5,844												22,887
Non-compensation expense						2,234						8,721						5,156												16,111						1,821						5,017						8,806												15,644
Total expenses from continuing operations						33,581						61,741						12,192												107,514						19,668						43,241						14,954												77,863
Segment pretax income (loss)						(8,282)						16,785						(11,847)												(3,344)						1,503						(2,243)						(14,367)												(15,107)
Segment income tax expense (benefit)						(592)						(368)						479												(481)						78						(500)						(195)												(617)
Segment net income (loss)						(7,690)						17,153						(12,326)												(2,863)						1,425						(1,743)						(14,172)												(14,490)
Segment net (income) loss attributable to NCI						—						(3,988)																		(3,988)						—						(1,654)																		(1,654)
Net income (loss) attributable to shareholders						$	(7,690)					$	13,165					$	(12,326)											(6,851)						$	1,425					$	(3,397)					$	(14,172)											(16,144)

Reconciliation to consolidated net income (loss) attributable to shareholders
Discontinued operations																														—																														(30,247)

Net income (loss) attributable to shareholders																														$	(6,851)																													$	(46,391)

Reconciliation of segment assets to consolidated total assets
Total assets						$	933,974					$	1,264,704					$	68,348											$	2,267,026					$	802,856					$	929,172					$	129,250											$	1,861,278
Discontinued operations																																																												6,392,004
Total consolidated assets																																																												$	8,253,282

EBITDA Reconciliation
Segment net income (loss)						$	(7,690)					$	17,153					$	(12,326)											$	(2,863)					$	1,425					$	(1,743)					$	(14,172)											$	(14,490)
Adjustments:
Interest expense						—						2,090						—												2,090						—						5,454						—												5,454
Income tax expense (benefit)						(592)						(368)						479												(481)						78						(500)						(195)												(617)
Depreciation expense						—						295						272												567						—						109						304												413
Intangible amortization expense						—						11,647						—												11,647						—						8,763						—												8,763

EBITDA						(8,282)						30,817						(11,575)												10,960						1,503						12,083						(14,063)												(477)
Impact of noncontrolling interests						—						(7,350)																		(7,350)						—						(5,000)																		(5,000)
EBITDA attributable to shareholders						$	(8,282)					$	23,467					$	(11,575)											$	3,610					$	1,503					$	7,083					$	(14,063)											$	(5,477)

(1)Inter-segment revenues and inter-segment pretax income (loss) amounts are insignificant and are not presented separately.