v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue and Other Income    
Gross earned premiums $ 13,714 $ 16,118
Ceded earned premiums (7,789) (5,803)
Net earned premiums 5,925 10,315
Net investment income 1,110 1,289
Net realized investment gains (losses) (14) 3
Change in fair value of equity securities 30 (192)
Other income 6 65
Change in fair value of contingent considerations 4,490 4,395
Total revenue and other income 11,547 15,875
Expenses    
Losses and loss adjustment expenses, net 3,329 9,274
Policy acquisition costs 1,558 2,677
Operating and other expenses 2,100 2,861
Interest expense 1,976 541
Total expenses 8,963 15,353
Income (loss) before income taxes 2,584 522
Income tax expense (benefit) (38) (0)
Net income (loss) $ 2,622 $ 522
Earnings (loss) per common share, basic and diluted    
Earnings (loss) per common share, basic $ 0.15 $ 0.04
Earnings (loss) per common share, diluted $ 0.15 $ 0.04
Weighted average common shares outstanding, basic 17,200,659 12,222,881
Weighted average common shares outstanding, diluted 17,200,659 12,222,881