v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Investment securities:    
Debt securities, at fair value (amortized cost of $88,838 and $96,669, respectively) $ 80,314 $ 88,305
Equity securities, at fair value (cost of $1,257 and $1,276, respectively) 1,288 1,277
Short-term investments, at fair value 32,464 24,725
Total investments 114,066 114,307
Cash and cash equivalents 25,469 27,362
Premiums and agents' balances receivable, net 6,540 5,521
Reinsurance recoverables on unpaid losses 62,014 63,909
Reinsurance recoverables on paid losses 3,617 5,929
Prepaid reinsurance premiums 9,629 12,024
Deferred policy acquisition costs 2,825 2,696
Receivable from contingent considerations at fair value 8,780 4,290
Other assets 3,670 3,245
Total assets 236,610 239,283
Liabilities:    
Unpaid losses and loss adjustment expenses 137,501 146,262
Unearned premiums 23,457 25,703
Reinsurance premiums payable 4,547 2,501
Debt 12,250 12,187
Mandatorily redeemable preferred stock 8,000 14,380
Funds held under reinsurance agreements 20,549 24,233
Accounts payable and other liabilities 5,116 5,051
Total liabilities 211,420 230,317
Commitments and contingencies
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 26,222,881 and 12,222,881 issued and outstanding, respectively) 113,919 100,158
Accumulated deficit (78,969) (81,591)
Accumulated other comprehensive income (loss) (9,760) (9,601)
Total shareholders' equity 25,190 8,966
Total liabilities and shareholders' equity $ 236,610 $ 239,283