v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investment securities:    
Debt securities, at fair value (amortized cost of $94,063 and $96,669, respectively) $ 85,556 $ 88,305
Equity securities, at fair value (cost of $883 and $1,276, respectively) 995 1,277
Short-term investments, at fair value 28,389 24,725
Total investments 114,940 114,307
Cash and cash equivalents 12,798 27,362
Premiums and agents' balances receivable, net 5,562 5,521
Reinsurance recoverables on unpaid losses 60,410 63,909
Reinsurance recoverables on paid losses 6,170 5,929
Prepaid reinsurance premiums 3,244 12,024
Deferred policy acquisition costs 6,301 2,696
Receivable from contingent consideration 10,000 4,290
Other assets 3,049 3,245
Total assets 222,474 239,283
Liabilities:    
Unpaid losses and loss adjustment expenses 125,242 146,262
Unearned premiums 24,288 25,703
Reinsurance premiums payable 0 2,501
Debt 12,314 12,187
Mandatorily redeemable preferred stock 8,000 14,380
Funds held under reinsurance agreements 20,040 24,233
Accounts payable and other liabilities 4,845 5,051
Total liabilities 194,729 230,317
Commitments and contingencies
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 3,746,092 and 1,746,125 issued and outstanding, respectively) 113,922 100,158
Accumulated deficit (76,433) (81,591)
Accumulated other comprehensive income (loss) (9,744) (9,601)
Total shareholders' equity 27,745 8,966
Total liabilities and shareholders' equity $ 222,474 $ 239,283