Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENT REPORTING (Tables)

v3.25.0.1
SEGMENT REPORTING (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The chief operating decision maker is regularly provided with the consolidated expenses as noted on the face of the consolidated statement of operations, with certain significant expenses identified below (in thousands):
Year Ended December 31,
2024 2023 2022
Total Revenues(1)
$ 412,432  $ 390,648  $ 409,049 
Total Investment Income (Loss)(1)
6,788  (130,835) 186,624 
Less:
Employee compensation and benefits 251,323  220,869  196,629 
Performance allocations compensation, realized 27,262  7,779  4,396 
Performance allocations compensation, unrealized 4,059  (10,570) 24,870 
General and administrative expenses 43,818  54,201  41,070 
Interest expense 26,756  28,495  12,340 
Other segment items(2)
49,286  46,445  43,998 
Net income (loss) $ 16,716  $ (87,406) $ 272,370 
(1)     The reconciliation of Total Revenues and Total Investment Income (Loss) are presented on the consolidated statement of operations for the periods then ended.
(2)    The other segment items category includes: incentive fees compensation; loss and loss adjustment expenses; third party operating expenses; depreciation and amortization expense; realized and unrealized gains (losses), net; interest income; other income (expense), net; income tax provision. These amounts are separately presented on the consolidated statement of operations for the periods then ended.