Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING (Tables)

v3.25.1
SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2025
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):
Three Months Ended March 31,
2025 2024
Total Revenues(1)
$ 96,296  $ 102,790 
Total Investment Loss(1)
(7,698) (48,701)
Less:
Employee compensation and benefits 64,860  62,840 
Performance allocations compensation, realized 2,827  7,407 
Performance allocations compensation, unrealized 1,090  3,178 
General and administrative expenses 28,113  11,349 
Interest expense 6,222  7,365 
Other segment items(2)
23,089  (1,250)
Net loss
 $ (37,603) $ (36,800)
(1)     The reconciliation of Total Revenues and Total Investment 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.