| 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:
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Assets |
|
|
|
|
|
|
Fixed-maturity securities, available-for-sale, at fair value (amortized cost: $33,637 and $0, respectively, and allowance for credit losses: $0 and $0, respectively) |
|
$ |
33,621 |
|
|
$ |
— |
|
Total investments |
|
|
33,621 |
|
|
|
— |
|
Cash and cash equivalents |
|
|
158,345 |
|
|
|
154,156 |
|
Restricted cash |
|
|
642 |
|
|
|
636 |
|
Income taxes receivable |
|
|
1,277 |
|
|
|
1,332 |
|
Deferred income tax assets, net |
|
|
1,088 |
|
|
|
2,237 |
|
Premiums receivable, net (allowance: $1,558 and $1,406, respectively) |
|
|
8,414 |
|
|
|
4,549 |
|
Prepaid reinsurance premium |
|
|
— |
|
|
|
2,499 |
|
Reinsurance recoverable, net of allowance for credit losses: |
|
|
|
|
|
|
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively) |
|
|
748 |
|
|
|
26 |
|
Unpaid losses and loss adjustment expenses (allowance: $0 and $1, respectively) |
|
|
852 |
|
|
|
1,573 |
|
Deferred policy acquisition costs |
|
|
7,493 |
|
|
|
4,464 |
|
Other assets |
|
|
1,445 |
|
|
|
539 |
|
Total assets |
|
$ |
247,546 |
|
|
$ |
172,011 |
|
Liabilities |
|
|
|
|
|
|
Losses and loss adjustment expenses |
|
$ |
30,825 |
|
|
$ |
24,810 |
|
Unearned premiums |
|
|
71,998 |
|
|
|
73,086 |
|
Advance premiums |
|
|
5,613 |
|
|
|
1,817 |
|
Ceded reinsurance premiums payable |
|
|
5,173 |
|
|
|
933 |
|
Assumed premiums payable |
|
|
1,841 |
|
|
|
837 |
|
Income taxes payable |
|
|
1,211 |
|
|
|
2,857 |
|
Deferred income tax liabilities, net |
|
|
— |
|
|
|
127 |
|
Accrued expenses and other liabilities |
|
|
3,809 |
|
|
|
2,162 |
|
Total liabilities |
|
$ |
120,470 |
|
|
$ |
106,629 |
|
|