v3.26.1
Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net Investment Income [Abstract]    
Interest Income, Debt Securities, Available-for-Sale, Operating $ 2,355 $ 2,894
Investment income 2,355 2,815
Realized Investment Gains (Losses) 3 (3)
Credit Risk Derivatives, at Fair Value, Net [Abstract]    
Insurance Commissions and Fees 68,178 36,771
Other Operating Income (Expense), Net 630 (1,124)
Total revenues 104,170 62,756
Policyholder Benefits and Claims Incurred, Net 19,679 10,496
Expenses:    
Intangible amortization 11,647 8,763
General and Administrative Expense 53,155 38,531
Interest 2,090 5,454
Total expenses 107,514 77,863
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (3,344) (15,107)
Provision (benefit) for income taxes from continuing operations (481) (617)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest (3,988) (1,654)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (2,863) (14,490)
Net income (loss) attributable to shareholders (6,851) (46,391)
Other Comprehensive Income (Loss), Net of Tax [Abstract]    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (2,863) (14,490)
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax (1,039) 18,606
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (12,590) 44,720
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax 0 442
Total other comprehensive income (loss), net of income tax (13,629) 63,768
Total comprehensive income (loss), net of income tax (16,492) 19,031
Total comprehensive income (loss) attributable to shareholders (14,110) 7,016
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest $ (3,988) $ (1,654)
Earnings Per Share, Basic $ (0.13) $ (1.21)
Earnings Per Share, Diluted $ (0.13) $ (1.21)
Weighted Average Number of Shares Outstanding, Basic 45,302,933 47,313,012
Weighted Average Number of Shares Outstanding, Diluted 45,302,933 47,313,012
Premiums Earned, Net $ 20,001 $ 15,678
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset 3,644 3,652
Deferred Policy Acquisition Costs, Amortization Expense 6,371 3,841
General and Administrative Expense 53,155 38,531
Insurance Commissions 14,005 10,365
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest 6,370 (10,361)
Depreciation 567 413
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 0 (30,247)
Net income attributable to common shareholders (6,851) (46,391)
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic (6,851) (16,144)
Net Income (Loss) from Discontinued Operations Available to Common Shareholders, Basic $ 0 $ (30,247)
Income (Loss) from Continuing Operations, Per Basic Share $ (0.13) $ (0.57)
Income (Loss) from Continuing Operations, Per Diluted Share (0.13) (0.57)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 (0.64)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share $ 0 $ (0.64)
Net Income (Loss) Available to Common Stockholders, Basic $ (6,851) $ (46,391)
Fee Income 9,362 4,964
Premiums Earned, Net 20,001 15,678
Depreciation, Depletion and Amortization 12,214 9,176
Net Income (Loss) Attributable to Noncontrolling Interest (2,863) (44,737)
Unrealized (loss) gain on securities, taxes 0 645
Gain (loss) on foreign currency translation, taxes 0 0
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Reclassification Adjustment, Tax 0 147
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest $ (2,863) (14,490)
Discontinued Operations, Held-for-Sale or Disposed of by Sale | Ambac Assurance Corporation [Member]    
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent   (30,247)
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax   $ (14,497)