On September 29, 2025, the Company completed the sale of AAC. See Note 5. Discontinued Operation in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, for further information regarding the sale.

The following table summarizes the major line items constituting net income (loss) from discontinued operations reconciled to net income (loss) from discontinued operations presented in the Consolidated Statements of Income (Loss) for the three months ended March 31, 2025:


Three months ended March 31,	2025
Revenues:
Net premiums earned	$	4,763
Net investment income	20,700
Net investment gains (losses), including impairments	(5,954)
Net gains (losses) on derivative contracts	(533)


Other revenues	7,821
Total revenues	26,797
Expenses:
Loss and loss adjustment expenses (benefit)	10,735
Intangible amortization	5,826
General & administrative and other expenses	9,082
Interest expense	15,951

Total expenses	41,594
Pretax income (loss)	(14,797)
Provision for income taxes	953
Loss on disposal (1)	(14,497)
Net income (loss) from discontinued operations	$	(30,247)