Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING (Tables)

v3.25.2
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The CODM 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):
Three Months Ended June 30, Six Months Ended June 30,
2025 2024 2025 2024
Total Revenues(1)
$ 96,539  $ 104,760  $ 192,844  $ 207,549 
Total Investment Income (Loss)(1)
6,338  25,596  (1,360) (23,106)
Less:
Employee compensation and benefits 61,472  62,681  126,332  125,521 
Performance allocations compensation, realized 3,396  3,748  6,223  11,156 
Performance allocations compensation, unrealized 404  (1,150) 1,494  2,027 
General and administrative expenses 18,232  9,397  46,344  20,747 
Interest expense 6,232  6,846  12,454  14,210 
Other segment items(2)
10,349  21,340  33,447  20,087 
Net income (loss)
 $ 2,792  $ 27,494  $ (34,810) $ (9,305)
(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: loss and loss adjustment expenses; third party operating expenses; depreciation and amortization expense; realized and unrealized gains (losses), net; interest income; income tax provision. These amounts are separately presented on the consolidated statement of operations for the periods then ended.