v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Investments $ 1,108,294 $ 1,106,786
Other assets 29,228 26,419
Reinsurance recoverable 271,121 272,918
Deferred acquisition costs 5,468 6,791
Goodwill 30,193 30,193
Assets 1,548,899 1,600,718
LIABILITIES    
Future policy benefits 756,299 781,881
Accrued expenses and other liabilities 14,783 20,025
Liabilities 1,488,138 1,509,762
Commitments and Contingencies
EQUITY    
Common shares 11 13
Warrants 1,426 1,426
Additional paid-in-capital 161,713 177,099
Retained earnings (accumulated deficit) (131,562) (120,746)
Accumulated other comprehensive income (loss) 29,173 33,164
Total equity 60,761 90,956
Total liabilities and equity 1,548,899 1,600,718
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Cash and cash equivalents 92,306 143,725
Asset Management    
ASSETS    
Cash and cash equivalents 4,774 14,999
Investments 24,489 29,298
Other assets 12,380 11,165
Intangible assets 9,845 10,961
Goodwill 1,000 1,000
Assets 51,488 66,423
LIABILITIES    
Due to related parties 13,532 11,844
Debt obligations 98,059 76,250
Accrued expenses and other liabilities 3,879 9,515
Liabilities 115,470 97,609
Asset Management | Consolidated Entity, Excluding Consolidated VIE    
ASSETS    
Investments 24,489 29,298
Insurance Solutions    
ASSETS    
Cash and cash equivalents 87,532  
Restricted cash 11,640 9,973
Derivatives 0 481
Other assets 16,848 15,254
Reinsurance recoverable 271,121 272,918
Intangible assets 2,444 2,444
Deferred acquisition costs 5,468 6,791
Goodwill 30,193 30,193
Assets 1,497,411 1,534,295
LIABILITIES    
Future policy benefits 756,299 781,881
Interest sensitive contract liabilities 357,062 363,981
Funds held under reinsurance contracts 232,926 237,143
Debt obligations 12,000 17,250
Derivatives 3,477 1,388
Accrued expenses and other liabilities 10,904 10,510
Liabilities 1,372,668 1,412,153
Insurance Solutions | Consolidated Entity, Excluding Consolidated VIE    
ASSETS    
Cash and cash equivalents 59,863 88,723
Investments 953,083 956,808
Other assets 15,983 14,299
Insurance Solutions | Variable Interest Entity, Primary Beneficiary    
ASSETS    
Cash and cash equivalents 16,029 30,030
Investments 130,722 120,680
Other assets $ 865 $ 955