Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenue and Other Income | ||||
| Gross earned premiums | $ 12,239 | $ 16,484 | $ 25,953 | $ 32,602 |
| Ceded earned premiums | (5,431) | (6,920) | (13,220) | (12,723) |
| Net earned premiums | 6,808 | 9,564 | 12,733 | 19,879 |
| Net investment income | 1,040 | 1,298 | 2,150 | 2,587 |
| Net realized investment gains (losses) | (87) | (28) | (101) | (25) |
| Change in fair value of equity securities | 81 | (65) | 111 | (257) |
| Other income | 80 | 10 | 86 | 75 |
| Change in fair value of contingent considerations | 1,220 | 5,355 | 5,710 | 9,750 |
| Total revenue and other income | 9,142 | 16,134 | 20,689 | 32,009 |
| Expenses | ||||
| Losses and loss adjustment expenses, net | 1,672 | 6,564 | 5,001 | 15,838 |
| Policy acquisition costs | 1,926 | 2,287 | 3,484 | 4,964 |
| Operating and other expenses | 2,331 | 4,368 | 4,431 | 7,229 |
| Interest expense | 677 | 864 | 2,653 | 1,405 |
| Total expenses | 6,606 | 14,083 | 15,569 | 29,436 |
| Income (loss) before income taxes | 2,536 | 2,051 | 5,120 | 2,573 |
| Income tax expense (benefit) | 0 | 0 | (38) | 0 |
| Net income (loss) | $ 2,536 | $ 2,051 | $ 5,158 | $ 2,573 |
| Earnings (loss) per common share, basic and diluted | ||||
| Earnings (loss) per common share, basic | $ 0.68 | $ 1.17 | $ 1.66 | $ 1.47 |
| Earnings (loss) per common share, diluted | $ 0.68 | $ 1.17 | $ 1.66 | $ 1.47 |
| Weighted average common shares outstanding, basic | 3,746,114 | 1,746,125 | 3,105,236 | 1,746,125 |
| Weighted average common shares outstanding, diluted | 3,746,114 | 1,746,125 | 3,105,236 | 1,746,125 |
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- Definition Change in fair value of contingent considerations. No definition available.
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| X | ||||||||||
- Definition Premiums Earned, Gross No definition available.
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- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of earned premiums ceded to other entities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of amortization expense (reversal of expense) for deferred policy acquisition costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after effects of reinsurance, of expense (reversal of expense) for claims incurred and costs incurred in the claim settlement process. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of realized gain (loss) on investment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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