| Metric | FY2025 | FY2024 |
|---|---|---|
| Equity investment earning | $1.0M+50.4% | $680K |
| Net premiums | -$17.2M-11.1% | -$15.5M |
| Total revenues | $13.2M-12.7% | $15.1M |
| Amortization of deferred acquisition costs | $3.1M+43.7% | $2.2M |
| Goodwill impairment | $25.5M | $0 |
| Total expenses | $59.0M+126.7% | $26.0M |
| Income (loss) before taxes | -$58.5M-497.7% | -$9.8M |
| Net income (loss) | -$60.8M-485.8% | -$10.4M |
| Net income (loss) attributable to common shareholders - basic (in dollars per share) | -$7.08-316.5% | -$1.70 |
| Net income (loss) attributable to common shareholders - Diluted (in dollars per share) | -$7.08-316.5% | -$1.70 |
| Weighted average shares outstanding – Basic (in shares) | 8.60B+40.6% | 6.11B |
| Weighted average shares outstanding – Diluted (in shares) | 8.60B+40.6% | 6.11B |
| Asset Management | ||
| Net gains (losses) from investment activities | -$2.4M+21.8% | -$3.1M |
| Net investment income (loss) on funds withheld | $309K-42.9% | $541K |
| Administration and servicing fees | $7.8M+32.3% | $5.9M |
| Transaction costs | $9.5M+337.0% | $2.2M |
| Compensation and benefits | $543K-60.3% | $1.4M |
| Amortization and impairment of intangible assets | $15.0M+318.1% | $3.6M |
| Interest and other credit facility expenses | $7.8M+11.6% | $7.0M |
| General, administrative and other | $14.4M-11.6% | $16.3M |
| Dividend income | $98K-72.5% | $356K |
| Interest income | $1.3M+17.1% | $1.1M |
| Other income (loss), net | $309K-42.9% | $541K |
| Gain on acquisition | $4.5M | $0 |
| Total investment and other income (loss) | $8.6M+57140.0% | -$15K |
| Income tax (expense) benefit — Asset Management | -$2.4M-293.7% | -$606K |
| Asset Management | Management fees | ||
| Fee revenue | $798K | $0 |
| Asset Management | Incentive fees | ||
| Asset Management | Advisory and transaction fees, net | ||
| Insurance Solutions | ||
| Product charges | $1.9M+605.6% | $266K |
| Net investment income | $15.6M-14.2% | $18.2M |
| Net revenues of consolidated variable interest entities | -$27.2M+15.2% | -$32.1M |
| Net policy benefit and claims (remeasurement gain on policy liabilities of $9,872 and $16,237 for the year ended December 31, 2025 and 2024, respectively) | -$2.2M+78.0% | -$10.1M |
| Interest sensitive contract benefits | $16.1M+7.4% | $15.0M |
| Interest expense | $1.5M+17.4% | $1.3M |
| Insurance Solutions | Consolidated Entity, Excluding Consolidated VIE | ||
| Insurance Solutions | Variable Interest Entity, Primary Beneficiary | ||
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.