| Summary of Unaudited Financial Information and Unaudited Financial Position |
The following table summarizes the assets and liabilities related to the Company’s variable interests in consolidated VIEs which are included in the accompanying consolidated balance sheets:
|
|
|
|
|
|
|
|
|
|
|
March 31, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Assets |
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
170,126 |
|
|
$ |
154,156 |
|
Restricted cash |
|
|
643 |
|
|
|
636 |
|
Income taxes receivable |
|
|
1,521 |
|
|
|
1,332 |
|
Deferred income tax assets, net |
|
|
1,344 |
|
|
|
2,237 |
|
Premiums receivable, net (allowance: $1,035 and $1,406, respectively) |
|
|
5,701 |
|
|
|
4,549 |
|
Prepaid reinsurance premium |
|
|
1,808 |
|
|
|
2,499 |
|
Reinsurance recoverable, net of allowance for credit losses: |
|
|
|
|
|
|
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively) |
|
|
325 |
|
|
|
26 |
|
Unpaid losses and loss adjustment expenses (allowance: $1 and $1, respectively) |
|
|
1,275 |
|
|
|
1,573 |
|
Deferred policy acquisition costs |
|
|
5,343 |
|
|
|
4,464 |
|
Other assets |
|
|
446 |
|
|
|
539 |
|
Total assets |
|
$ |
188,532 |
|
|
$ |
172,011 |
|
Liabilities |
|
|
|
|
|
|
Losses and loss adjustment expenses |
|
$ |
27,875 |
|
|
$ |
24,810 |
|
Unearned premiums |
|
|
63,956 |
|
|
|
73,086 |
|
Advance premiums |
|
|
4,187 |
|
|
|
1,817 |
|
Ceded reinsurance premiums payable |
|
|
742 |
|
|
|
933 |
|
Assumed premiums payable |
|
|
1,436 |
|
|
|
837 |
|
Income taxes payable |
|
|
5,209 |
|
|
|
2,857 |
|
Deferred income tax liabilities, net |
|
|
— |
|
|
|
127 |
|
Accrued expenses and other liabilities |
|
|
3,048 |
|
|
|
2,162 |
|
Total liabilities |
|
$ |
106,453 |
|
|
$ |
106,629 |
|
|