v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common shares
Additional paid-in capital
Accumulated other comprehensive (loss) income
Accumulated deficit
Treasury shares
Beginning balance at Dec. 31, 2024   $ 27 $ 10,107 $ 0 $ (5,528) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Shares issued on Combination Agreement   72 166,539      
Share-based compensation expense     239      
Change in net unrealized investment gains (losses)       485    
Foreign currency translation adjustment       74    
Net (loss) income $ 69,533       69,533  
Distribution to shareholders         (40,000)  
Shares issued to Maiden Reinsurance           (51,463)
Ending balance at Jun. 30, 2025 150,085 99 176,885 559 24,005 (51,463)
Beginning balance at Dec. 31, 2024   27 10,107 0 (5,528) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Change in net unrealized investment gains (losses) 679          
Ending balance at Dec. 31, 2025 128,284 100 177,534 916 1,197 (51,463)
Beginning balance at Mar. 31, 2025   27 10,122 0 (5,922) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Shares issued on Combination Agreement   72 166,539      
Share-based compensation expense     224      
Change in net unrealized investment gains (losses)       485    
Foreign currency translation adjustment       74    
Net (loss) income 69,927       69,927  
Distribution to shareholders         (40,000)  
Shares issued to Maiden Reinsurance           (51,463)
Ending balance at Jun. 30, 2025 150,085 99 176,885 559 24,005 (51,463)
Beginning balance at Dec. 31, 2025 128,284 100 177,534 916 1,197 (51,463)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common shares from vesting of stock based compensation   1 (1)      
Share-based compensation expense     2,620      
Change in net unrealized investment gains (losses) (541)     (541)    
Foreign currency translation adjustment       (404)    
Net (loss) income (15,513)       (15,513)  
Shares repurchased           (486)
Ending balance at Jun. 30, 2026 113,960 101 180,153 (29) (14,316) (51,949)
Beginning balance at Mar. 31, 2026   101 178,982 537 (6,234) (51,949)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation expense     1,171      
Change in net unrealized investment gains (losses)       79    
Foreign currency translation adjustment       (645)    
Net (loss) income (8,082)       (8,082)  
Ending balance at Jun. 30, 2026 $ 113,960 $ 101 $ 180,153 $ (29) $ (14,316) $ (51,949)