Atlas Financial (AFHIF) 10-Q 10 Aug 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Aug. 09, 2021
Cover [Abstract]
Document type	10-Q
Document Period End Date	Jun. 30, 2021
Entity File Number	000-54627
Entity registrant name	ATLAS FINANCIAL HOLDINGS, INC.
Entity Incorporation, State or Country Code	E9
Entity Tax Identification Number	27-5466079
Entity Address, Address Line One	953 American Lane
Entity Address, Address Line Two	3rd Floor
Entity Address, City or Town	Schaumburg
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60173
City Area Code	847
Local Phone Number	472-6700
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,047,334
Entity Central Index Key	0001539894
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Position - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 2,014	$ 5,238
Restricted cash	3,197	5,287
Premiums receivable (net of allowance of $800 and $800)	13,859	13,442
Intangible assets, net	2,040	2,235
Property and equipment, net	3,260	18,815
Right-of-use asset	566	888
Notes receivable	18,017	18,017
Other assets	1,977	1,895
Assets held for sale	57,870	53,885
Total assets	102,800	119,702
Liabilities
Premiums payable	18,500	19,416
Lease liability	663	1,091
Due to deconsolidated affiliates	19,091	19,170
Notes payable, net	33,354	36,168
Other liabilities and accrued expenses	3,446	4,342
Liabilities held for sale	50,544	60,407
Total liabilities	125,598	140,594
Commitments and contingencies (see Note 7)
Shareholders' Deficit
Additional paid-in capital	82,006	81,840
Treasury stock, at cost: 255,505 shares of ordinary voting common shares at June 30, 2021 and December 31, 2020, respectively	(3,000)	(3,000)
Retained deficit	(102,090)	(100,199)
Accumulated other comprehensive income, net of tax	249	430
Total shareholders' deficit	(22,798)	(20,892)
Total liabilities and shareholders' deficit	102,800	119,702
Ordinary Voting Common Shares
Shareholders' Deficit
Ordinary voting common shares, $0.003 par value, 266,666,667 shares authorized, shares issued: June 30, 2021 - 12,302,839 and December 31, 2020 - 12,248,798; shares outstanding: June 30, 2021 - 12,047,334 and December 31, 2020 - 11,993,293	37	37
Restricted voting common shares
Shareholders' Deficit
Restricted voting common shares, $0.003 par value, 33,333,334 shares authorized, shares issued and outstanding: June 30, 2021 and December 31, 2020 - 0	$ 0	$ 0

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Position (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Statement [Line Items]
Premiums receivable, allowance	$ 800	$ 800
Shareholders' Deficit
Common stock, shares authorized (in shares)	300,000,001
Common stock, shares issued (in shares)	12,302,839	12,248,798
Common stock, shares outstanding (in shares)	12,047,334	11,993,293
Treasury stock, common stock, shares held (in shares)	255,505	255,505
Ordinary Voting Common Shares
Shareholders' Deficit
Common stock, par value (USD per share)	$ 0.003	$ 0.003
Common stock, shares authorized (in shares)	266,666,667	266,666,667
Common stock, shares issued (in shares)	12,302,839	12,248,798
Common stock, shares outstanding (in shares)	12,047,334	11,993,293
Restricted Voting Common Shares
Shareholders' Deficit
Common stock, par value (USD per share)	$ 0.003	$ 0.003
Common stock, shares authorized (in shares)	33,333,334	33,333,334
Common stock, shares issued (in shares)	0	0
Common stock, shares outstanding (in shares)	0	0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Commission income	$ 1,791	$ 951	$ 3,484	$ 3,003
Net realized losses	(1,477)	0	(1,465)	0
Other income	925	327	1,561	481
Total revenue	1,239	1,278	3,580	3,484
Acquisition costs	955	466	1,849	1,875
Other underwriting expenses	3,614	5,072	7,096	8,581
Amortization of intangible assets	97	97	195	195
Forgiveness of Paycheck Protection Program loan	(4,601)	0	(4,601)	0
Interest expense, net	514	501	1,083	821
Total expenses	579	6,136	5,622	11,472
Income (loss) from operations before income taxes	660	(4,858)	(2,042)	(7,988)
Income tax benefit	0	(227)	0	(123)
Income (loss) from continuing operations	660	(4,631)	(2,042)	(7,865)
(Loss) income from discontinued operations, net of tax	(1)	(103)	151	(160)
Net income (loss)	$ 659	$ (4,734)	$ (1,891)	$ (8,025)
Basic net income (loss) per share attributable to common shareholders
Continuing operations (in dollars per share)	$ 0.06	$ (0.39)	$ (0.17)	$ (0.66)
Discontinued operations (in dollars per share)	0	(0.01)	0.01	(0.01)
Net loss (in dollars per share)	0.06	(0.40)	(0.16)	(0.67)
Diluted net income (loss) per share attributable to common shareholders
Continuing operations (in dollars per share)	0.06	(0.39)	(0.17)	(0.66)
Discontinued operations (in dollars per share)	0	(0.01)	0.01	(0.01)
Net loss (in dollars per share)	$ 0.06	$ (0.40)	$ (0.16)	$ (0.67)
Basic weighted average common shares outstanding (in shares)	12,047,334	11,874,653	12,035,560	11,855,882
Diluted weighted average common shares outstanding (in shares)	12,047,334	11,874,653	12,035,560	11,855,882
Condensed Consolidated Statements of Comprehensive Income (Loss)
Net loss	$ 659	$ (4,734)	$ (1,891)	$ (8,025)
Other comprehensive (loss) income:
Changes in net unrealized investment (losses) gains	(9)	303	(22)	245
Reclassification to net income (loss)	(1)	(2)	(159)	(93)
Other comprehensive (loss) income	(10)	301	(181)	152
Total comprehensive income (loss)	$ 649	$ (4,433)	$ (2,072)	$ (7,873)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders’ Deficit - USD ($) $ in Thousands	Total	Ordinary Voting Common Shares	Restricted Voting Common Shares	Additional Paid-In Capital	Treasury Stock	Retained Deficit	Accumulated Other Comprehensive Income
Balance at beginning of period at Dec. 31, 2019	$ (8,461)	$ 36	$ 0	$ 81,548	$ (3,000)	$ (87,469)	$ 424
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(3,291)					(3,291)
Other comprehensive income (loss)	(149)						(149)
Share-based compensation	179			179
Balance at end of period at Mar. 31, 2020	(11,722)	36	0	81,727	(3,000)	(90,760)	275
Balance at beginning of period at Dec. 31, 2019	(8,461)	36	0	81,548	(3,000)	(87,469)	424
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(8,025)
Balance at end of period at Jun. 30, 2020	(16,139)	36	0	81,743	(3,000)	(95,494)	576
Balance at beginning of period at Mar. 31, 2020	(11,722)	36	0	81,727	(3,000)	(90,760)	275
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(4,734)					(4,734)
Other comprehensive income (loss)	301						301
Share-based compensation	16			16
Balance at end of period at Jun. 30, 2020	(16,139)	36	0	81,743	(3,000)	(95,494)	576
Balance at beginning of period at Dec. 31, 2020	(20,892)	37	0	81,840	(3,000)	(100,199)	430
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(2,550)					(2,550)
Other comprehensive income (loss)	(171)						(171)
Share-based compensation	10			10
Balance at end of period at Mar. 31, 2021	(23,603)	37	0	81,850	(3,000)	(102,749)	259
Balance at beginning of period at Dec. 31, 2020	(20,892)	37	0	81,840	(3,000)	(100,199)	430
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(1,891)
Balance at end of period at Jun. 30, 2021	(22,798)	37	0	82,006	(3,000)	(102,090)	249
Balance at beginning of period at Mar. 31, 2021	(23,603)	37	0	81,850	(3,000)	(102,749)	259
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	659					659
Other comprehensive income (loss)	(10)						(10)
Share-based compensation	156			156
Balance at end of period at Jun. 30, 2021	$ (22,798)	$ 37	$ 0	$ 82,006	$ (3,000)	$ (102,090)	$ 249

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Operating activities:
Net loss	$ 659	$ (2,550)	$ (4,734)	$ (3,291)	$ (1,891)	$ (8,025)
Adjustments to reconcile net loss to net cash flows used in operating activities:
Income (loss) from discontinued operations, net of taxes					(151)	160
Depreciation and amortization	394		854		1,078	1,723
Share-based compensation expense					166	195
Amortization of intangible assets	97		97		195	195
Net realized losses	1,477		0		1,465	0
Amortization of financing costs					112	112
Forgiveness of Paycheck Protection Program loan	(4,601)		0		(4,601)	0
Net changes in operating assets and liabilities:
Premiums receivable, net					(1,400)	12,008
Other assets					(83)	(3,418)
Premiums payable					(916)	(16,716)
Due to deconsolidated affiliates					(78)	3,444
Other liabilities and accrued expenses					(896)	(768)
Net cash flows used in operating activities - continuing operations					(7,000)	(11,090)
Net cash flows used in operating activities - discontinued operations					(1,779)	(9,461)
Net cash flows used in operating activities					(8,779)	(20,551)
Purchases of:
Property, equipment and other					0	(199)
Proceeds from sale of:
Property, equipment and other					12	0
Net cash flows provided by (used in) investing activities - continuing operations					12	(199)
Net cash flows provided by investing activities - discontinued operations					2,880	6,741
Net cash flows provided by investing activities					2,892	6,542
Financing activities:
Proceeds from notes payable					2,000	4,601
Repayment of notes payable					(326)	(374)
Net cash flows provided by financing activities - continuing operations					1,674	4,227
Net cash flows provided by financing activities - discontinued operations					0	0
Net cash flows provided by financing activities					1,674	4,227
Net change in cash and cash equivalents and restricted cash - continuing operations					(5,314)	(7,062)
Cash and cash equivalents and restricted cash, beginning of period							$ 13,554	$ 23,859
Less: cash and cash equivalents of discontinued operations - beginning of period							3,029	$ 7,712
Cash and cash equivalents and restricted cash of continuing operations, beginning of period		$ 10,525		$ 16,147	10,525	16,147	16,147
Cash and cash equivalents and restricted cash of continuing operations, end of period	$ 5,211		$ 9,085		5,211	9,085	$ 10,525
Supplemental disclosure of cash information:
Cash (recovered) paid for income taxes					0	52
Cash (recovered) paid for interest					$ 969	$ 923

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation Atlas Financial Holdings, Inc. (“Atlas” or “We” or the “Company”) commenced operations on December 31, 2010. The primary business of Atlas focuses on a managing general agency strategy, primarily through our wholly owned subsidiary, Anchor Group Management, Inc. (“AGMI”). AGMI focuses on a niche market orientation for the “light” commercial automobile sector. This sector includes taxi cabs, non-emergency para-transit, limousine, livery, including certain transportation network companies (“TNC”) drivers/operators, and business autos. Automobile insurance products provide insurance coverage in three major areas: liability, accident benefits and physical damage. Atlas’ business is carried out through its non-insurance company subsidiaries: AGMI, UBI Holdings Inc. (“UBI Holdings”) and UBI Holdings’ wholly-owned subsidiaries, optOn Digital IP Inc. (“OOIP”) and optOn Insurance Agency Inc. (“optOn” and together with OOIP and UBI Holdings, “UBI”). Prior to a strategic transition, our core business was the underwriting of commercial automobile insurance policies, focusing on the “light” commercial automobile sector, through American Country Insurance Company (“American Country”), American Service Insurance Company, Inc. (“American Service”) and Gateway Insurance Company (“Gateway” and together with American Country and American Service, the “ASI Pool Companies”) and Global Liberty Insurance Company of New York (“Global Liberty” and together with the ASI Pool Companies, our “Insurance Subsidiaries”), along with our wholly owned managing general agency, AGMI. The ASI Pool Companies were placed into rehabilitation under the statutory control of the Illinois Department of Insurance during the second half of 2019 and were subsequently placed into liquidation and have been deconsolidated from our consolidated financial statements as of October 1, 2019 as a result of these actions. Other regulatory actions were taken in certain states, including restriction, suspension, or revocation of certain state licenses and certificates of authority held by the ASI Pool Companies preceding and following the initiation of rehabilitation. During the fourth quarter of 2019, the Company began actively pursuing the potential sale of Global Liberty Insurance Company of New York (“Global Liberty”), and as a result, Global Liberty has been classified as a discontinued operation since October 1, 2019. Atlas’ ordinary common shares are listed on the OTC Markets system under the symbol “AFHIF”. Basis of Presentation These statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The consolidated financial statements include the accounts of Atlas and the entities it controls. Equity investments in entities that we do not consolidate, including corporate entities in which we have significant influence and partnership and partnership-like entities in which we have more than minor influence over operating and financial policies, are accounted for under the equity method unless we have elected the fair value option. All significant intercompany accounts and transactions have been eliminated. The results for the three and six months ended June 30, 2021 are not necessarily indicative of the results expected for the full calendar year. The accompanying unaudited condensed consolidated financial statements, in accordance with Securities and Exchange Commission (“SEC”) rules for interim periods, do not include all of the information and notes required by GAAP for complete financial statements and should be read in conjunction with Atlas’ Annual Report on Form 10-K for the year ended December 31, 2020, which provides a more complete understanding of the Company’s accounting policies, financial position, operating results, business properties, and other matters. Atlas has consistently applied the same accounting policies throughout all periods presented. Estimates and Assumptions The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and changes in estimates are recorded in the accounting period in which they are determined. Significant estimates in the accompanying financial statements include revenue recognition, evaluation of assets for impairment, deferred tax asset valuation, and allowances on premiums receivable. Revenue Recognition Revenues from contracts with customers include both commission and fee income. The recognition and measurement of revenue is based on the assessments of individual contract terms. As a managing general agency (an “MGA”), AGMI has contracts with various insurance carriers which determines AGMI’s commission income revenue. Each contract specifies what our performance obligations are as an MGA and what determines our commission income revenue, generally a percentage of gross written premiums, net of cancellations and refunds. Under these contracts there are a number of performance obligations; however, it is the bundle of these services and not a single obligation that results in the performance of the MGA under the contracts. The Company considers these performance obligations as a non-bifurcated bundle of services where the performance obligations are satisfied simultaneous to the point in time where the Company issues a policy, or cancels a policy to an insured. The commission rate stated in the individual contract is the standalone selling price of these non-bifurcated services, which is allocated to the service bundle and not to any individual obligation under the various contracts. Seasonality The property and casualty (“P&C”) insurance business is seasonal in nature. Our ability to generate commission income is also impacted by the timing of policy effective periods in the states in which we operate and products provided by our business partners. For example, January 1 st and March 1 st are common taxi cab renewal dates in Illinois and New York, respectively. Operating Segments

New Accounting Standards

New Accounting Standards	6 Months Ended
	Jun. 30, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Standards	New Accounting StandardsThere have been no recent pronouncements or changes in pronouncements during the six months ended June 30, 2021, as compared to those described in our Annual Report on Form 10-K for the twelve months ended December 31, 2020, that are of significance or potential significance to Atlas. Pertinent Accounting Standard Updates (“ASUs”) are issued from time to time by the Financial Accounting Standards Board (“FASB”) and are adopted by the Company as they become effective. All recently issued accounting pronouncements with effective dates prior to July 1, 2021 have been adopted by the Company.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Intangible Assets Intangible Assets by Major Asset Class ($ in ‘000s) Economic Useful Life Gross Carrying Amount Accumulated Amortization Net As of June 30, 2021 Trade name and trademark 15 years $ 1,800 $ 764 $ 1,036 Customer relationship 10 years 2,700 1,696 1,004 $ 4,500 $ 2,460 $ 2,040 As of December 31, 2020 Trade name and trademark 15 years $ 1,800 $ 703 $ 1,097 Customer relationship 10 years 2,700 1,562 1,138 $ 4,500 $ 2,265 $ 2,235

Income (Loss) From Continuing O

Income (Loss) From Continuing Operations per Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Income (Loss) From Continuing Operations per Share	Income (Loss) From Continuing Operations per Share Computations of Basic and Diluted Income (Loss) per Common Share from Continuing Operations ($ in ‘000s, except share and per share amounts) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Basic Income (loss) from continuing operations before income taxes $ 660 $ (4,858) $ (2,042) $ (7,988) Income tax benefit — (227) — (123) Net income (loss) attributable to common shareholders from continuing operations $ 660 $ (4,631) $ (2,042) $ (7,865) Basic weighted average common shares outstanding 12,047,334 11,874,653 12,035,560 11,855,882 Income (loss) per common share basic from continuing operations $ 0.06 $ (0.39) $ (0.17) $ (0.66) Diluted Basic weighted average common shares outstanding 12,047,334 11,874,653 12,035,560 11,855,882 Dilutive potential ordinary shares: Dilutive stock options outstanding — — — — Diluted weighted average common shares outstanding 12,047,334 11,874,653 12,035,560 11,855,882 Income (loss) per common share diluted from continuing operations $ 0.06 $ (0.39) $ (0.17) $ (0.66) Common shares are defined as ordinary voting common shares, restricted voting common shares and participative restricted stock units (“RSUs”). Earnings per common share diluted is computed by dividing net income (loss) by the weighted average number of common shares outstanding for each period plus the incremental number of shares added as a result of converting dilutive potential ordinary voting common shares, calculated using the treasury stock method. Atlas’ potential dilutive ordinary voting common shares consists of outstanding stock options to purchase ordinary voting common shares and warrants to purchase 2,387,368 ordinary voting common shares of Atlas for $0.69 per share.

Contracts with Customers

Contracts with Customers	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Contracts with Customers	Contracts with Customers The revenue included as commission income was $1.8 million and $951,000 for the three months ended June 30, 2021 and 2020, respectively, and $3.5 million and $3.0 million for the six months ended June 30, 2021 and 2020, respectively. The balance of receivables related to contracts with customers, which is recorded as part of premiums receivable on the Condensed Consolidated Statements of Financial Position as of June 30, 2021 and December 31, 2020: Components of Commission Receivables ($ in ‘000s) June 30, 2021 December 31, 2020 Commission receivable, beginning of period $ 2,577 $ 1,428 Commission revenue 3,484 5,195 Net change in cash received (3,543) (4,046) Commission receivable, end of period $ 2,518 $ 2,577

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Reconciliation of U.S. Statutory Marginal Income Tax Rate to the Effective Tax Rate - Continuing Operations ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Amount % Amount % Amount % Amount % Provision for taxes at U.S. statutory marginal income tax rate $ 139 21.0 % $ (1,020) 21.4 % $ (429) 21.0 % $ (1,677) 21.2 Provision for deferred tax assets deemed unrealizable (valuation allowance) 826 125.1 792 (16.6) 1,386 (67.9) 1,583 (19.9) Nondeductible expenses 1 0.1 1 — 2 (0.1) 1 — Stock compensation — — — — 7 (0.3) 12 (0.2) Gain from debt extinguishment (966) (146.2) — — (966) 47.3 — — Tax rate differential — — — — — — (42) 0.5 Provision for income taxes for continuing operations $ — — % $ (227) 4.8 % $ — — % $ (123) 1.6 % Reconciliation of U.S. Statutory Marginal Income Tax Rate to the Effective Tax Rate - Discontinued Operations ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Amount % Amount % Amount % Amount % Provision for taxes at U.S. statutory marginal income tax rate $ — — % $ (20) 21.0 % $ 32 21.0 % $ (142) 21.0 % Provision for deferred tax assets deemed unrealizable (valuation allowance) — — 22 (21.2) (32) (21.0) (180) 26.3 Nondeductible expenses — — (2) 0.2 — — — — Tax rate differential — — — — — — (200) 29.2 Provision for income taxes for discontinued operations $ — — % $ — — % $ — — % $ (522) 76.5 % Components of Income Tax Expense - Continuing Operations ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Current tax benefit $ — $ (227) $ — $ (123) Components of Income Tax Benefit - Discontinued Operations ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Current tax benefit $ — $ — $ — $ (522) During 2013 and 2019, due to shareholder activity, “triggering events” as determined under IRC Section 382 may have occurred. As a result, under IRC Section 382, the use of the Company’s net operating loss (“NOL”) and other carryforwards generated prior to the “triggering events” may be subject to a yearly limitation as a result of this “ownership change” for tax purposes, which is defined as a cumulative change of more than 50% during any three-year period by shareholders owning 5% or greater portions of the Company’s shares. Due to the mechanics of the Section 382 calculation when there are multiple triggering events, the Company’s losses will generally be limited based on the thresholds of the 2019 triggering event. The Company has established a valuation allowance against the NOLs that will expire unused as a result of the yearly limitation. Components of Deferred Income Tax Assets and Liabilities ($ in ‘000s) June 30, 2021 December 31, 2020 Gross deferred tax assets: Losses carried forward $ 17,200 $ 16,408 Claims liabilities and unearned premium reserves 487 496 Investment in affiliates 23,870 23,870 Bad debts 168 168 Stock compensation 305 279 Other 419 203 Valuation allowance (34,813) (33,420) Total gross deferred tax assets 7,636 8,004 Gross deferred tax liabilities: Deferred policy acquisition costs 69 134 Investments 81 122 Fixed assets 826 1,344 Intangible assets 429 469 Other 6,231 5,935 Total gross deferred tax liabilities 7,636 8,004 Net deferred tax assets $ — $ — Net Operating Loss Carryforward as of June 30, 2021 by Expiry ($ in ‘000s) Year of Occurrence Year of Expiration Amount 2011 2031 $ 1 2012 2032 70 2015 2035 1 2017 2037 13,649 2018 2038 8,903 2018 Indefinite 8,245 2019 2039 4,973 2019 Indefinite 6,306 2020 2040 31,300 2020 Indefinite 4,687 2021 2041 873 2021 Indefinite 2,896 Total $ 81,904

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesIn the ordinary course of its business, Atlas is involved in legal proceedings, including lawsuits, regulatory examinations and inquiries. Atlas is exposed to credit risk on balances receivable from insureds and agents. Credit exposure to any one individual insured is not material. The policies placed with risk taking partners are distributed by agents who may manage cash collection on its behalf pursuant to the terms of their agency agreement. Atlas has procedures to monitor and minimize its exposure to delinquent agent balances, including, but not limited to, reviewing agent account statements, processing policy cancellations for non-payment and other collection efforts deemed appropriate.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and Equipment Held ($ in ‘000s) June 30, 2021 December 31, 2020 Buildings 1 $ — $ 7,425 Land 1 — 1,840 Building improvements 1 — 9,031 Leasehold improvements 182 193 Internal use software 12,795 12,795 Computer equipment 1,838 1,838 Furniture and other office equipment 1,097 1,121 Total $ 15,912 $ 34,243 Accumulated depreciation and amortization (12,652) (15,428) Total property and equipment, net $ 3,260 $ 18,815 1 Held for sale Depreciation expense and amortization from continuing operations was $394,000 and $854,000 for the three months ended June 30, 2021 and 2020, respectively, and $1.1 million and $1.7 million for the six months ended June 30, 2021 and 2020, respectively. For the year ended December 31, 2020, depreciation expense and amortization from continuing operations was $3.2 million. For the six months ended June 30, 2021 and 2020, the Company capitalized $0 and $186,000, respectively, of costs incurred, consisting primarily of external consultants and internal labor costs incurred during the application development stage for internal-use software. Substantially all of the costs incurred during the period were part of the application development stage. Amortization expense recorded for projects in the post-implementation/operation stage was $302,000 and $404,000 for the three months ended June 30, 2021 and 2020, respectively, and $604,000 and $806,000 for the six months ended June 30, 2021 and 2020, respectively. During 2016, Atlas purchased a building and land to serve as its new corporate headquarters to replace its former leased office space. Atlas’ Chicago area staff moved into this space in late October 2017 and occupies approximately 70,000 square feet in the building. An unrelated tenant occupies the remaining office space in the building. Rental income related to this lease agreement was $119,000 and $76,000 for the three months ended June 30, 2021 and 2020, respectively, and $238,000 and $230,000 for the six months ended June 30, 2021 and 2020, respectively. Depreciation expense related to the building and its improvements was $0 and $284,000 for the three months ended June 30, 2021 and 2020, respectively, and $284,000 and $549,000 for the six months ended June 30, 2021 and 2020, respectively. The decrease in depreciation expense for its corporate headquarters is a result of the held for sale status of the corporate headquarters. On April 1, 2021, the Company transitioned the assets related to its corporate headquarters from long-lived asset as held and used to long-lived assets held for sale. The Company has engaged an independent third party which is actively marketing the sale of the corporate headquarters including the land, building, building improvements and contents including furniture and fixtures and a sale is expected to close within one year from the classification transition date. The assets transferred totaled $13.0 million which were previously classified as property and equipment, net on the condensed consolidated statements of financial position and now included as part of assets held for sale. The Company performed an evaluation of the net book value of the assets and recorded an impairment of $1.5 million which is recorded as part of net realized losses on the condensed consolidated statements of operations for the three and six months ended June 30, 2021.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation On January 6, 2011, Atlas adopted a stock option plan (“Stock Option Plan”) in order to advance the interests of Atlas by providing incentives to eligible persons defined in the plan. In the second quarter of 2013, a new equity incentive plan (“Equity Incentive Plan”) was approved by the Company’s common shareholders at the Annual General Meeting, and Atlas ceased to grant new stock options under the preceding Stock Option Plan. The Equity Incentive Plan is a securities based compensation plan, pursuant to which Atlas may issue restricted stock grants for ordinary voting common shares, restricted stock, stock grants for ordinary voting common shares, stock options and other forms of equity incentives to eligible persons as part of their compensation. The Equity Incentive Plan is considered an amendment and restatement of the Stock Option Plan, although outstanding stock options issued pursuant to the Stock Option Plan will continue to be governed by the terms of the Stock Option Plan. Stock Options Stock Option Activity (prices in Canadian dollars designated with “C$” and U.S. dollars designated with “US$” Six months ended June 30, 2021 2020 Number of Options Weighted Average Exercise Price Number of Options Weighted Average Exercise Price C$ Denominated: Outstanding, beginning of period — C$— 27,195 C$6.00 Granted — — — — Exercised — — — — Canceled — — — — Outstanding, end of period — C$— 27,195 C$6.00 US$ Denominated: Outstanding, beginning of period 181,500 US$13.51 375,000 US$17.01 Granted 1,016,000 0.49 — — Exercised — — — — Canceled — — (193,500) 18.73 Outstanding, end of period 1,197,500 US$2.63 181,500 US$13.51 There are 401,500 stock options that are exercisable as of June 30, 2021. The stock option grants outstanding have a weighted average remaining life of 6.22 years and have a fair value of $0 as of June 30, 2021. On March 12, 2015, the Board of Directors of Atlas granted equity awards of (i) 200,000 restricted stock grants for ordinary voting common shares of the Company and (ii) 200,000 options to acquire ordinary voting common shares to the executive officers of the Company as part of the Company’s annual compensation process. The awards were made under the Company’s Equity Incentive Plan. The awards vest in five On April 22, 2021, the Company granted an aggregate of 1,016,000 options (“Options”) with an exercise price of $0.49 per common share of the Company to directors, managers, and executives pursuant to the Company’s Equity Incentive Plan. This exercise price is the average of the high bid and low asked prices on the date of the grant quoted on the OTC Bulletin Board Service. The Options granted to management shall vest in three equal installments, with each installment vesting on the 1st, 2nd and 3rd anniversary of the date of the grant. The Options granted to independent directors vested immediately upon the date of the grant. The Options will expire on the 7th anniversary of the date of the grant. In the event of a change of control of the Company, or should a director’s or employee’s service with the Company be terminated other than for cause or voluntary resignation, any unvested Options will immediately vest. The estimated fair values of the Options are amortized to expense over the Options’ vesting period. The Company estimated the fair value of the Options at the date of the grant using the Black-Scholes option pricing model with the following weighted average assumptions: 2021 Expected risk-free interest rate 1.6 % Volatility 180.8 % Expected life (in years) 7.0 On December 31, 2018, the Company awarded restricted stock unit grants for ordinary voting common shares of the Company to its external directors pursuant to a director equity award agreement dated December 31, 2018. The awards, which were approved by the Company’s Board of Directors in March 2018, were valued at $40,000 per external director (“Aggregate Award”) and were made under the Company’s Equity Incentive Plan. The number of restricted stock units awarded was determined by dividing (A) the Aggregate Award by (B) the closing price of a Company ordinary voting common share at the close of market on April 4, 2018, which was $10.50 per share. For new directors, the Aggregate Award is proportionate to the director’s start date and priced as of that same day. During 2018, the Company awarded 17,524 RSU grants having an aggregate grant date fair value of $179,000. As of June 30, 2021, all of the RSU grants have vested. Restricted Shares Restricted Stock Grants for Ordinary Voting Common Shares and Restricted Share Unit Activity Six months ended June 30, 2021 2020 Number of Shares Weighted Average Fair Value at Grant Date Number of Shares Weighted Average Fair Value at Grant Date Non-vested, beginning of period $ 3,301 $ 10.22 $ 171,682 $ 17.46 Granted — — — — Vested (3,301) 0.12 (5,841) 10.22 Canceled — — (160,000) 9.62 Non-vested, end of period $ — $ — $ 5,841 $ 10.22 During the first quarter of 2020, 140,000 ordinary voting restricted common shares were canceled as a result of not meeting annual performance targets. Also during the first quarter of 2020, an additional 20,000 restricted common shares were canceled due to the departure of a former officer.

Other Employee Benefit Plans

Other Employee Benefit Plans	6 Months Ended
	Jun. 30, 2021
Other Employee Benefit Plans [Abstract]
Other Employee Benefit Plans	Other Employee Benefit Plans Defined Contribution Plan Atlas has a defined contribution 401(k) plan covering all qualified employees of Atlas and its subsidiaries. Contributions to this plan are limited based on IRS guidelines. Atlas may match up to 100% of the employee contribution up to 2.5% of annual earnings, plus 50% of additional contributions up to 2.5% of annual earnings, for a total maximum expense of 3.75% of annual earnings per participant. Atlas’ matching contributions are discretionary. Employees are 100% vested in their own contributions and vest in Atlas contributions based on years of service equally over 5 years with 100% vested after 5 years. Company contributions were $0 and $48,000 for the three months ended June 30, 2021 and 2020, respectively, and $0 and $58,000 for the six months ended June 30, 2021 and 2020, respectively. The matching portion of this plan was suspended during the third quarter of 2020. Employee Stock Purchase Plan The Atlas Employee Stock Purchase Plan (“ESPP”) encourages employee interest in the operation, growth and development of Atlas and provides an additional investment opportunity to employees. Full time and permanent part time employees working more than 30 hours per week are allowed to invest up to 7.5% of adjusted salary in Atlas ordinary voting common shares. Atlas may match up to 100% of the employee contribution up to 2.5% of annual earnings, plus 50% of additional contributions up to 5% of annual earnings, for a total maximum expense of 5% of annual earnings per participant. Atlas’ matching contributions are discretionary. Atlas also pays all administrative costs related to this plan. Atlas’ costs incurred related to the matching portion of the ESPP were $0 and $13,000 for the three months ended June 30, 2021 and 2020, respectively, and $0 and $16,000 for the six months ended June 30, 2021 and 2020, respectively. The matching portion of this plan was suspended during the third quarter of 2020.

Share Capital and Mezzanine Equ

Share Capital and Mezzanine Equity	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Share Capital and Mezzanine Equity	Share Capital and Mezzanine Equity Share Capital Share Capital Activity June 30, 2021 December 31, 2020 Shares Authorized 1 Shares Issued Shares Outstanding Amount Shares Issued Shares Outstanding Amount Ordinary voting common shares 266,666,667 12,302,839 12,047,334 $ 37 12,248,798 11,993,293 $ 37 Restricted voting common shares 33,333,334 — — — — — — Total common shares 300,000,001 12,302,839 12,047,334 $ 37 12,248,798 11,993,293 $ 37 1 Shares authorized increased from 266,666,667 to 800,000,001 effective July 12, 2021 There were 0 and 3,301 non-vested RSUs as of June 30, 2021 and December 31, 2020, respectively. These RSUs are participative and are included in the computations of earnings per common share and book value per common share for these periods. During the six months ended June 30, 2021, the Company issued 54,041 ordinary voting common shares of which 50,740 ordinary voting common shares were issued under the near term incentive program while 3,301 ordinary voting common shares were issued as a result of the vesting of RSUs. During the year ended December 31, 2020, the Company issued 210,481 ordinary voting common shares of which 202,100 ordinary voting common shares were issued under the near term incentive program while 8,381 ordinary voting common shares were issued as a result of the vesting of RSUs. Also, during the year ended December 31, 2020, 140,000 ordinary voting restricted common shares were canceled due to not meeting performance targets, and 20,000 ordinary voting restricted common shares were canceled due to the departure of a former officer. Warrants The Schedule 13G/A filed by American Financial Group, Inc. a parent holding company, on February 2, 2021 states that as of December 31, 2020, it has sole power to vote and sole power to dispose of 2,387,368 ordinary voting common shares. These shares are represented by warrants to purchase 2,387,368 ordinary voting common shares until June 10, 2024, under a Warrant Agreement dated June 10, 2019 (the “Warrant Agreement”), at an initial exercise price of $0.69 per share, with both the number of ordinary voting common shares subject to the Warrant Agreement and the exercise price subject to adjustment as set forth in the Warrant Agreement. Mezzanine Equity

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Leases	Leases We currently lease real estate space, automobiles, and certain equipment under non-cancelable operating lease agreements. Leases with an initial term of 12 months or less, which are immaterial to the Company, are not recorded in the condensed consolidated statement of financial position. The Company has elected the practical expedient to account for each separate lease component of a contract and its associated non-lease components as a single lease component, thus causing all fixed payments to be capitalized. The Company also elected the package of practical expedients permitted within the new standard, which among other things, allows the Company to carry forward historical lease classification. Variable lease payment amounts that cannot be determined at the commencement of the lease, such as increases to lease payments based on changes in index rates or usage, are not recorded in the condensed consolidated statements of financial position. Certain agreements include an option to extend or renew the lease term at our option. The operating lease liability includes lease payments related to options to extend or renew the lease term if the Company is reasonably certain of exercising those options. Lease payments are discounted using the implicit discount rate in the lease. If the implicit discount rate for the lease cannot be readily determined, the Company uses an estimate of its incremental borrowing rate. The Company did not have any contracts accounted for as finance leases as of June 30, 2021 or 2020. Lease Expense ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Operating leases $ 169 $ 190 $ 338 $ 380 Variable lease cost 91 91 183 180 Total $ 260 $ 281 $ 521 $ 560 Other Operating Lease Information ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Cash paid for amounts included in the measurement of lease liabilities reported in operating cash flows $ 260 $ 281 $ 521 $ 560 Right-of-use assets obtained in exchange for new lease liabilities — — — — Total $ 260 $ 281 $ 521 $ 560 The following table presents the undiscounted contractual maturities of the Company’s operating lease liability: Contractual Operating Lease Liabilities ($ in ‘000s) As of June 30, 2021 Remainder of 2021 $ 448 2022 179 2023 23 Total lease payments $ 650 Impact of discounting 13 Operating lease liability $ 663 Supplemental Balance Sheet Disclosures ($ in ‘000s) Lease Component Balance Sheet Classification As of June 30, 2021 Lease right-of-use asset Right-of-use asset $ 566 Weighted-average remaining lease term 0.8 years Weighted-average discount rate 3.6 %

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party TransactionsDuring the year-ended December 31, 2020, a portion of Global Liberty’s investment portfolio, which is included in “Assets held for sale” on the Condensed Consolidated Statements of Financial Position, included investment vehicles that were considered related-party transactions. As of December 31, 2020, these related-party transactions made up approximately 22.5%, of the Company’s investment portfolio. In these transactions, one or more of the Company’s former directors or entities affiliated with such directors invest in and/or manage these vehicles.  These related-party transactions are consistent with the Company’s investment guidelines and have been reviewed and approved by the Investment Committee of the Company’s Board of Directors. With the retirement of these former directors from the Atlas Board of Directors during 2020, these investments are no longer considered related-party transactions.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Notes Payable	Notes Payable On April 26, 2017, Atlas issued $25 million of five-year 6.625% senior unsecured notes and received net proceeds of approximately $23.9 million after deducting underwriting discounts and commissions and other estimated offering expenses. Interest on the senior unsecured notes is payable quarterly on each January 26, April 26, July 26 and October 26. Atlas may, at its option, beginning with the interest payment date of April 26, 2020, and on any scheduled interest payment date thereafter, redeem the senior unsecured notes, in whole or in part, at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the date of redemption. The senior unsecured notes will rank senior in right of payment to any of Atlas’ existing and future indebtedness that is by its terms expressly subordinated or junior in right of payment to the senior unsecured notes. The senior unsecured notes will rank equally in right of payment to all of Atlas’ existing and future senior indebtedness, but will be effectively subordinated to any secured indebtedness to the extent of the value of the collateral securing such secured indebtedness. In addition, the senior unsecured notes will be structurally subordinated to the indebtedness and other obligations of Atlas’ subsidiaries. The senior unsecured notes were issued under an indenture and supplemental indenture that contain covenants that, among other things, limit: (i) the ability of Atlas to merge or consolidate, or lease, sell, assign or transfer all or substantially all of its assets; (ii) the ability of Atlas to sell or otherwise dispose of the equity securities of certain of its subsidiaries; (iii) the ability of certain of Atlas’ subsidiaries to issue equity securities; (iv) the ability of Atlas to permit certain of its subsidiaries to merge or consolidate, or lease, sell, assign or transfer all or substantially all of their respective assets; and (v) the ability of Atlas and its subsidiaries to incur debt secured by equity securities of certain of its subsidiaries. On November 10, 2016, American Insurance Acquisition, Inc. (“AIAI”) entered into a ten-year 5.0% fixed rate mortgage agreement with the Insurance Subsidiaries totaling $10.7 million with principal and interest payments due monthly. The mortgage rate is secured by the Company’s headquarters and was previously eliminated in consolidation. The amounts payable as of June 30, 2021 are due to the estates of the ASI Pool Companies. On May 1, 2020, AIAI entered into a Paycheck Protection Program Promissory Note (the "PPP Note") with respect to a loan of $4,600,500 (the "PPP Loan") from Fifth Third Bank, National Association (“Fifth Third”). The PPP Loan was obtained pursuant to the Paycheck Protection Program (the "PPP") of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") administered by the U.S. Small Business Administration ("SBA"). The PPP Loan had a maturity date of May 1, 2022 and interest at a rate of 1.0% per annum. On June 14, 2021, AIAI received notification from the SBA that the PPP Loan principal and related interest has been forgiven. On February 7, 2021, AIAI entered into a Paycheck Protection Program Promissory Note with respect to a loan of $2,000,000 (the “Second PPP Loan”) from Fifth Third. The Second PPP Loan was obtained pursuant to the SBA’s Paycheck Protection Program Second Draw Loans under the Small Business Act (“SB Act”) and is subject to the terms and conditions of the SB Act, the CARES Act and related legislation and regulations (the “PPP Rules”). The Company was eligible for this Second PPP Loan because our equity securities are not a National Markets System stock traded on a national securities exchange as defined by Section 6 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Second PPP Loan matures on February 7, 2026 and bears interest at a rate of 1.0% per annum. The Company will not be obligated to make any payments of principal or interest if the Company submits a loan forgiveness application to Fifth Third within 10 months after the end of the Company’s covered loan forgiveness period (as defined and interpreted by the PPP Rules) and such loan forgiveness is allowed. If the Company does not submit a loan forgiveness application within 10 months after the end of the Company’s loan forgiveness covered period (or such forgiveness is not allowed), the Company must begin paying principal and interest after that period (or after notice that such forgiveness is not allowed). Interest expense on notes payable was $514,000 and $571,000 for the three months ended June 30, 2021 and 2020, respectively, and $1.1 million and $1.1 million for the six months ended June 30, 2021 and 2020, respectively. Notes Payable Outstanding ($ in ‘000s) June 30, 2021 December 31, 2020 6.625% Senior Unsecured Notes due April 26, 2022 $ 25,000 $ 25,000 1.0% PPP Loan due May 1, 2022 — 4,601 1.0% Second PPP Loan due February 7, 2026 2,000 — 5.0% Mortgage due November 10, 2026 6,538 6,863 Total outstanding borrowings 33,538 36,464 Unamortized issuance costs (184) (296) Total notes payable $ 33,354 $ 36,168

Deconsolidation and Discontinue

Deconsolidation and Discontinued Operations	6 Months Ended
	Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Deconsolidation and Discontinued Operations	Deconsolidation and Discontinued Operations Deconsolidation As part of the deconsolidation of the ASI Pool Companies which occurred on October 1, 2019, notes receivable from the ASI Pool Companies with an outstanding principal and accrued interest balances of $18.0 million due to AIAI are presented on the condensed consolidated statements of financial position. On May 1, 2015, AIAI entered into subordinated surplus debentures (“Surplus Notes”) with the ASI Pool Companies that had a maturity date of April 30, 2020 carrying a variable interest equal to the corporate base rate as reported by the largest bank (measured in assets) with its head office located in Chicago, Illinois, in effect on the first business day of each month for the term of the Surplus Notes plus two percent per annum on the unpaid principal balance with a maximum variable interest rate for any month not to exceed the initial rate for the Surplus Notes by more than ten percent per annum. These Surplus Notes are subject to various terms and conditions as set forth by the Illinois Department of Insurance and require prior written approval for the payment of interest and/or a reduction in principal. AIAI stopped accruing the interest receivable on these notes at their maturity date. These Surplus Notes could be used at some point by AIAI to offset future amounts payable due to the estates of the ASI Pool Companies related to income tax settlements and various other amounts due to the estates of the ASI Pool Companies that are in liquidation. Discontinued Operations During the fourth quarter of 2019, the Company began actively pursuing the potential sale of Global Liberty, and as a result, Global Liberty has been classified as a discontinued operation and the assets and liabilities are reported as held for sale and results of Global Liberty’s operations are reported separately for all periods presented. Global Liberty has not been sold within the one year guidance as set forth by ASC 205-20 (Discontinued Operations) to continue classifying Global Liberty as a discontinued operations. However, due to the confluence of events and circumstances beyond the Company’s control, ASC 205-20 provides for an exception to the one year guidance which the Company believes fits its situation. As a result of the Company applying the exception guidance, Global Liberty remains a discontinued operation as of June 30, 2021. The Company continues to move forward with the plans of selling Global Liberty pending certain regulatory and other matters that must occur prior to such sale. Summary financial information for Global Liberty included in (loss) income from discontinued operations, net of tax in the condensed consolidated statements of operations for the three and six months ended June 30, 2021 and 2020 is presented below: (Loss) Income from Discontinued Operations ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Net premiums earned $ 2,703 $ 2,973 $ 5,301 $ 7,840 Net investment (loss) income (29) 12 (93) (17) Net realized gains (losses) — — 145 (1,565) Total revenue 2,674 2,985 5,353 6,258 Net claims incurred 1,565 1,757 2,448 2,353 Acquisition costs 495 361 1,405 2,429 Other underwriting expenses 615 970 1,349 2,158 Total expenses 2,675 3,088 5,202 6,940 (Loss) income from operations before income taxes (1) (103) 151 (682) Income tax benefit — — — (522) Net (loss) income $ (1) $ (103) $ 151 $ (160) Statements of Comprehensive Loss (Income) ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Net (loss) income $ (1) $ (103) $ 151 $ (160) Other comprehensive (loss) income: Changes in net unrealized investments (gains) losses (9) 303 (22) 245 Reclassification to net (loss) income (1) (2) (159) (93) Other comprehensive (loss) income (10) 301 (181) 152 Total comprehensive (loss) income $ (11) $ 198 $ (30) $ (8) The assets and liabilities of Global Liberty are presented as discontinued operations and included in assets and liabilities held for sale in the condensed consolidated statements of financial position at June 30, 2021 and December 31, 2020 and are detailed as follows: ($ in ‘000s) June 30, 2021 December 31, 2020 Assets Investments Fixed income securities, available for sale, at fair value (amortized cost $1,647 and $4,315) $ 1,695 $ 4,544 Other investments 1,307 1,319 Total investments 3,002 5,863 Cash and cash equivalents 4,130 3,029 Accrued investment income 10 29 Reinsurance recoverables on amounts paid 780 581 Reinsurance recoverables on amounts unpaid 35,480 31,958 Prepaid reinsurance premiums 332 9,739 Deferred policy acquisition costs 329 637 Other assets 807 2,049 Total assets $ 44,870 $ 53,885 Liabilities Claims liabilities $ 38,201 $ 38,499 Unearned premium reserves 5,364 14,545 Due to reinsurers — 10 Other liabilities and accrued expenses 6,979 7,353 Total liabilities $ 50,544 $ 60,407

Going Concern

Going Concern	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	Going Concern Under ASC 205-40 (Going Concern), we have the responsibility to evaluate whether conditions and/or events raise substantial doubt about our ability to meet our future financial obligations as they become due within one year after the date that the condensed consolidated financial statements are issued. As required by this standard, our evaluation shall initially not take into consideration the potential mitigating effects of our plans that have not been fully implemented as of the date the condensed consolidated financial statements are issued. In complying with the requirements under ASC 205-40 to complete an evaluation without considering mitigating factors, the Company considered several conditions or events including (1) uncertainty around the continued impact of the COVID-19 pandemic on the Company’s operations and consolidated financial results, (2) the $25 million of Senior Unsecured Notes maturing on April 26, 2022, (3) recurring operating losses for fiscal periods through June 30, 2021, (4) the Company’s negative equity, and (5) the Company’s working capital limitations. The above conditions raise substantial doubt about the Company’s ability to continue as a going concern for the 12-month period following the date of the issuance of the June 30, 2021 interim financial statements. In performing the second step of this assessment, we are required to evaluate whether our plans to mitigate the conditions above alleviate the substantial doubt about our ability to meet our obligations as they become due within one year after the date that the condensed consolidated financial statements are issued. Our future plans may potentially include, without limitation, one or more of the following: (1) securing incremental capital with the objective of potentially repurchasing some or all of the Senior Unsecured Notes at a discount to par, in the open market or otherwise, (2) securing equity or debt capital in private or public transactions, or (3) offering to exchange some or all of the Senior Unsecured Notes for debt, equity and/or other securities or other consideration, through privately negotiated transactions or otherwise. The constraints and requirements related to the Company’s current senior notes coupled with market conditions could create limitations with respect to such alternatives. Management believes that the Company’s capital requirements will depend on many factors including the success of the Company’s business development efforts. Management also believes the Company may need to raise additional capital for working capital purposes. There is no assurance that such financing will be available in the future. The conditions described above raise substantial doubt about our ability to continue as a going concern. The condensed consolidated financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern. There is no assurance that sufficient funds required during the next year or thereafter will be generated from operations or that funds will be available through external sources. The lack of additional capital resulting from the inability to generate cash flow from operations or to raise capital from external sources would force the Company to substantially curtail or cease operations and would, therefore, have a material effect on the business. Furthermore, there can be no assurance that any such required funds, if available, will be available on attractive terms or will not have a significant dilutive effect on the Company’s existing shareholders. In the absence of the successful execution of one or more of the Company’s previously mentioned mitigating actions, we have therefore concluded there is substantial doubt about our ability to continue as a going concern through or beyond 12 months of the issue date of these interim financial statements. The accompanying condensed consolidated financial statements have been prepared on a going-concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The accompanying condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from our failure to continue as a going concern.

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation These statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The consolidated financial statements include the accounts of Atlas and the entities it controls. Equity investments in entities that we do not consolidate, including corporate entities in which we have significant influence and partnership and partnership-like entities in which we have more than minor influence over operating and financial policies, are accounted for under the equity method unless we have elected the fair value option. All significant intercompany accounts and transactions have been eliminated. The results for the three and six months ended June 30, 2021 are not necessarily indicative of the results expected for the full calendar year.
Estimates and Assumptions	Estimates and Assumptions
Revenue Recognition	Revenue RecognitionRevenues from contracts with customers include both commission and fee income. The recognition and measurement of revenue is based on the assessments of individual contract terms. As a managing general agency (an “MGA”), AGMI has contracts with various insurance carriers which determines AGMI’s commission income revenue. Each contract specifies what our performance obligations are as an MGA and what determines our commission income revenue, generally a percentage of gross written premiums, net of cancellations and refunds. Under these contracts there are a number of performance obligations; however, it is the bundle of these services and not a single obligation that results in the performance of the MGA under the contracts. The Company considers these performance obligations as a non-bifurcated bundle of services where the performance obligations are satisfied simultaneous to the point in time where the Company issues a policy, or cancels a policy to an insured. The commission rate stated in the individual contract is the standalone selling price of these non-bifurcated services, which is allocated to the service bundle and not to any individual obligation under the various contracts.
Operating Segments	Operating Segments
New Accounting Standards	New Accounting StandardsThere have been no recent pronouncements or changes in pronouncements during the six months ended June 30, 2021, as compared to those described in our Annual Report on Form 10-K for the twelve months ended December 31, 2020, that are of significance or potential significance to Atlas. Pertinent Accounting Standard Updates (“ASUs”) are issued from time to time by the Financial Accounting Standards Board (“FASB”) and are adopted by the Company as they become effective. All recently issued accounting pronouncements with effective dates prior to July 1, 2021 have been adopted by the Company.

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Finite-Lived Intangible Assets	Intangible Assets by Major Asset Class ($ in ‘000s) Economic Useful Life Gross Carrying Amount Accumulated Amortization Net As of June 30, 2021 Trade name and trademark 15 years $ 1,800 $ 764 $ 1,036 Customer relationship 10 years 2,700 1,696 1,004 $ 4,500 $ 2,460 $ 2,040 As of December 31, 2020 Trade name and trademark 15 years $ 1,800 $ 703 $ 1,097 Customer relationship 10 years 2,700 1,562 1,138 $ 4,500 $ 2,265 $ 2,235

Income (Loss) From Continuing_2

Income (Loss) From Continuing Operations per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Computations of Basic and Diluted Income (Loss) per Common Share from Continuing Operations ($ in ‘000s, except share and per share amounts) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Basic Income (loss) from continuing operations before income taxes $ 660 $ (4,858) $ (2,042) $ (7,988) Income tax benefit — (227) — (123) Net income (loss) attributable to common shareholders from continuing operations $ 660 $ (4,631) $ (2,042) $ (7,865) Basic weighted average common shares outstanding 12,047,334 11,874,653 12,035,560 11,855,882 Income (loss) per common share basic from continuing operations $ 0.06 $ (0.39) $ (0.17) $ (0.66) Diluted Basic weighted average common shares outstanding 12,047,334 11,874,653 12,035,560 11,855,882 Dilutive potential ordinary shares: Dilutive stock options outstanding — — — — Diluted weighted average common shares outstanding 12,047,334 11,874,653 12,035,560 11,855,882 Income (loss) per common share diluted from continuing operations $ 0.06 $ (0.39) $ (0.17) $ (0.66)

Contracts with Customers (Table

Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Contract with Customer, Contract Asset, Contract Liability, and Receivable	The balance of receivables related to contracts with customers, which is recorded as part of premiums receivable on the Condensed Consolidated Statements of Financial Position as of June 30, 2021 and December 31, 2020: Components of Commission Receivables ($ in ‘000s) June 30, 2021 December 31, 2020 Commission receivable, beginning of period $ 2,577 $ 1,428 Commission revenue 3,484 5,195 Net change in cash received (3,543) (4,046) Commission receivable, end of period $ 2,518 $ 2,577

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	Reconciliation of U.S. Statutory Marginal Income Tax Rate to the Effective Tax Rate - Continuing Operations ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Amount % Amount % Amount % Amount % Provision for taxes at U.S. statutory marginal income tax rate $ 139 21.0 % $ (1,020) 21.4 % $ (429) 21.0 % $ (1,677) 21.2 Provision for deferred tax assets deemed unrealizable (valuation allowance) 826 125.1 792 (16.6) 1,386 (67.9) 1,583 (19.9) Nondeductible expenses 1 0.1 1 — 2 (0.1) 1 — Stock compensation — — — — 7 (0.3) 12 (0.2) Gain from debt extinguishment (966) (146.2) — — (966) 47.3 — — Tax rate differential — — — — — — (42) 0.5 Provision for income taxes for continuing operations $ — — % $ (227) 4.8 % $ — — % $ (123) 1.6 % Reconciliation of U.S. Statutory Marginal Income Tax Rate to the Effective Tax Rate - Discontinued Operations ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Amount % Amount % Amount % Amount % Provision for taxes at U.S. statutory marginal income tax rate $ — — % $ (20) 21.0 % $ 32 21.0 % $ (142) 21.0 % Provision for deferred tax assets deemed unrealizable (valuation allowance) — — 22 (21.2) (32) (21.0) (180) 26.3 Nondeductible expenses — — (2) 0.2 — — — — Tax rate differential — — — — — — (200) 29.2 Provision for income taxes for discontinued operations $ — — % $ — — % $ — — % $ (522) 76.5 %
Schedule of Components of Income Tax Expense (Benefit)	Components of Income Tax Expense - Continuing Operations ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Current tax benefit $ — $ (227) $ — $ (123) Components of Income Tax Benefit - Discontinued Operations ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Current tax benefit $ — $ — $ — $ (522)
Schedule of Deferred Tax Assets and Liabilities	Components of Deferred Income Tax Assets and Liabilities ($ in ‘000s) June 30, 2021 December 31, 2020 Gross deferred tax assets: Losses carried forward $ 17,200 $ 16,408 Claims liabilities and unearned premium reserves 487 496 Investment in affiliates 23,870 23,870 Bad debts 168 168 Stock compensation 305 279 Other 419 203 Valuation allowance (34,813) (33,420) Total gross deferred tax assets 7,636 8,004 Gross deferred tax liabilities: Deferred policy acquisition costs 69 134 Investments 81 122 Fixed assets 826 1,344 Intangible assets 429 469 Other 6,231 5,935 Total gross deferred tax liabilities 7,636 8,004 Net deferred tax assets $ — $ —
Summary of Operating Loss Carryforwards	Net Operating Loss Carryforward as of June 30, 2021 by Expiry ($ in ‘000s) Year of Occurrence Year of Expiration Amount 2011 2031 $ 1 2012 2032 70 2015 2035 1 2017 2037 13,649 2018 2038 8,903 2018 Indefinite 8,245 2019 2039 4,973 2019 Indefinite 6,306 2020 2040 31,300 2020 Indefinite 4,687 2021 2041 873 2021 Indefinite 2,896 Total $ 81,904

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property and Equipment Held ($ in ‘000s) June 30, 2021 December 31, 2020 Buildings 1 $ — $ 7,425 Land 1 — 1,840 Building improvements 1 — 9,031 Leasehold improvements 182 193 Internal use software 12,795 12,795 Computer equipment 1,838 1,838 Furniture and other office equipment 1,097 1,121 Total $ 15,912 $ 34,243 Accumulated depreciation and amortization (12,652) (15,428) Total property and equipment, net $ 3,260 $ 18,815 1 Held for sale

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	Stock Option Activity (prices in Canadian dollars designated with “C$” and U.S. dollars designated with “US$” Six months ended June 30, 2021 2020 Number of Options Weighted Average Exercise Price Number of Options Weighted Average Exercise Price C$ Denominated: Outstanding, beginning of period — C$— 27,195 C$6.00 Granted — — — — Exercised — — — — Canceled — — — — Outstanding, end of period — C$— 27,195 C$6.00 US$ Denominated: Outstanding, beginning of period 181,500 US$13.51 375,000 US$17.01 Granted 1,016,000 0.49 — — Exercised — — — — Canceled — — (193,500) 18.73 Outstanding, end of period 1,197,500 US$2.63 181,500 US$13.51
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The Company estimated the fair value of the Options at the date of the grant using the Black-Scholes option pricing model with the following weighted average assumptions: 2021 Expected risk-free interest rate 1.6 % Volatility 180.8 % Expected life (in years) 7.0
Schedule of Restricted Stock and Restricted Stock Units Activity	Restricted Stock Grants for Ordinary Voting Common Shares and Restricted Share Unit Activity Six months ended June 30, 2021 2020 Number of Shares Weighted Average Fair Value at Grant Date Number of Shares Weighted Average Fair Value at Grant Date Non-vested, beginning of period $ 3,301 $ 10.22 $ 171,682 $ 17.46 Granted — — — — Vested (3,301) 0.12 (5,841) 10.22 Canceled — — (160,000) 9.62 Non-vested, end of period $ — $ — $ 5,841 $ 10.22

Share Capital and Mezzanine E_2

Share Capital and Mezzanine Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Schedule of Stock by Class	Share Capital Activity June 30, 2021 December 31, 2020 Shares Authorized 1 Shares Issued Shares Outstanding Amount Shares Issued Shares Outstanding Amount Ordinary voting common shares 266,666,667 12,302,839 12,047,334 $ 37 12,248,798 11,993,293 $ 37 Restricted voting common shares 33,333,334 — — — — — — Total common shares 300,000,001 12,302,839 12,047,334 $ 37 12,248,798 11,993,293 $ 37 1 Shares authorized increased from 266,666,667 to 800,000,001 effective July 12, 2021

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Lease, Cost	Lease Expense ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Operating leases $ 169 $ 190 $ 338 $ 380 Variable lease cost 91 91 183 180 Total $ 260 $ 281 $ 521 $ 560 Other Operating Lease Information ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Cash paid for amounts included in the measurement of lease liabilities reported in operating cash flows $ 260 $ 281 $ 521 $ 560 Right-of-use assets obtained in exchange for new lease liabilities — — — — Total $ 260 $ 281 $ 521 $ 560
Lessee, Operating Lease, Liability, Maturity	The following table presents the undiscounted contractual maturities of the Company’s operating lease liability: Contractual Operating Lease Liabilities ($ in ‘000s) As of June 30, 2021 Remainder of 2021 $ 448 2022 179 2023 23 Total lease payments $ 650 Impact of discounting 13 Operating lease liability $ 663 Supplemental Balance Sheet Disclosures ($ in ‘000s) Lease Component Balance Sheet Classification As of June 30, 2021 Lease right-of-use asset Right-of-use asset $ 566 Weighted-average remaining lease term 0.8 years Weighted-average discount rate 3.6 %

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Summary of Outstanding Debt	Notes Payable Outstanding ($ in ‘000s) June 30, 2021 December 31, 2020 6.625% Senior Unsecured Notes due April 26, 2022 $ 25,000 $ 25,000 1.0% PPP Loan due May 1, 2022 — 4,601 1.0% Second PPP Loan due February 7, 2026 2,000 — 5.0% Mortgage due November 10, 2026 6,538 6,863 Total outstanding borrowings 33,538 36,464 Unamortized issuance costs (184) (296) Total notes payable $ 33,354 $ 36,168

Deconsolidation and Discontin_2

Deconsolidation and Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	Summary financial information for Global Liberty included in (loss) income from discontinued operations, net of tax in the condensed consolidated statements of operations for the three and six months ended June 30, 2021 and 2020 is presented below: (Loss) Income from Discontinued Operations ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Net premiums earned $ 2,703 $ 2,973 $ 5,301 $ 7,840 Net investment (loss) income (29) 12 (93) (17) Net realized gains (losses) — — 145 (1,565) Total revenue 2,674 2,985 5,353 6,258 Net claims incurred 1,565 1,757 2,448 2,353 Acquisition costs 495 361 1,405 2,429 Other underwriting expenses 615 970 1,349 2,158 Total expenses 2,675 3,088 5,202 6,940 (Loss) income from operations before income taxes (1) (103) 151 (682) Income tax benefit — — — (522) Net (loss) income $ (1) $ (103) $ 151 $ (160) Statements of Comprehensive Loss (Income) ($ in ‘000s) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Net (loss) income $ (1) $ (103) $ 151 $ (160) Other comprehensive (loss) income: Changes in net unrealized investments (gains) losses (9) 303 (22) 245 Reclassification to net (loss) income (1) (2) (159) (93) Other comprehensive (loss) income (10) 301 (181) 152 Total comprehensive (loss) income $ (11) $ 198 $ (30) $ (8) The assets and liabilities of Global Liberty are presented as discontinued operations and included in assets and liabilities held for sale in the condensed consolidated statements of financial position at June 30, 2021 and December 31, 2020 and are detailed as follows: ($ in ‘000s) June 30, 2021 December 31, 2020 Assets Investments Fixed income securities, available for sale, at fair value (amortized cost $1,647 and $4,315) $ 1,695 $ 4,544 Other investments 1,307 1,319 Total investments 3,002 5,863 Cash and cash equivalents 4,130 3,029 Accrued investment income 10 29 Reinsurance recoverables on amounts paid 780 581 Reinsurance recoverables on amounts unpaid 35,480 31,958 Prepaid reinsurance premiums 332 9,739 Deferred policy acquisition costs 329 637 Other assets 807 2,049 Total assets $ 44,870 $ 53,885 Liabilities Claims liabilities $ 38,201 $ 38,499 Unearned premium reserves 5,364 14,545 Due to reinsurers — 10 Other liabilities and accrued expenses 6,979 7,353 Total liabilities $ 50,544 $ 60,407

Nature of Operations and Basi_3

Nature of Operations and Basis of Presentation (Details)	6 Months Ended
	Jun. 30, 2021segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of business segments (segment)	1

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,500	$ 4,500
Accumulated Amortization	2,460	2,265
Net	$ 2,040	$ 2,235
Trade name and trademark
Schedule of Intangible Assets [Line Items]
Economic Useful Life	15 years	15 years
Gross Carrying Amount	$ 1,800	$ 1,800
Accumulated Amortization	764	703
Net	$ 1,036	$ 1,097
Customer relationship
Schedule of Intangible Assets [Line Items]
Economic Useful Life	10 years	10 years
Gross Carrying Amount	$ 2,700	$ 2,700
Accumulated Amortization	1,696	1,562
Net	$ 1,004	$ 1,138

Income (Loss) From Continuing_3

Income (Loss) From Continuing Operations per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Basic
Income (loss) from continuing operations before income taxes	$ 660	$ (4,858)	$ (2,042)	$ (7,988)
Income tax benefit	0	(227)	0	(123)
Income (loss) from continuing operations	$ 660	$ (4,631)	$ (2,042)	$ (7,865)
Basic weighted average common shares outstanding (in shares)	12,047,334	11,874,653	12,035,560	11,855,882
Income (loss) per common share basic from continuing operations (in dollars per share)	$ 0.06	$ (0.39)	$ (0.17)	$ (0.66)
Diluted
Basic weighted average common shares outstanding (in shares)	12,047,334	11,874,653	12,035,560	11,855,882
Dilutive stock options outstanding (in shares)	0	0	0	0
Diluted weighted average common shares outstanding (includes RSUs) (in shares)	12,047,334	11,874,653	12,035,560	11,855,882
Loss per common share diluted from continuing operations (in dollars per share)	$ 0.06	$ (0.39)	$ (0.17)	$ (0.66)

Income (Loss) From Continuing_4

Income (Loss) From Continuing Operations per Share - Narrative (Details) - $ / shares	Jun. 30, 2021	Jun. 10, 2019
Class of Warrant or Right [Line Items]
Exercise price of warrants or rights (in dollars per share)	$ 0.69	$ 0.69
Ordinary Voting Common Shares Warrants to Purchase
Class of Warrant or Right [Line Items]
Class of warrant or right, outstanding (in shares)	2,387,368

Contracts with Customers (Detai

Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Commission income	$ 1,791	$ 951	$ 3,484	$ 3,003	$ 5,195

Contracts with Customers - Comm

Contracts with Customers - Commissions Revenue Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Commissions Receivable [Roll Forward]
Commission receivable, beginning of year			$ 2,577	$ 1,428	$ 1,428
Commission income	$ 1,791	$ 951	3,484	$ 3,003	5,195
Net change in cash received			(3,543)		(4,046)
Commission receivable, end of year	$ 2,518		$ 2,518		$ 2,577

Income Taxes - Rate Reconciliat

Income Taxes - Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Provision for taxes at U.S. statutory marginal income tax rate	$ 139	$ (1,020)	$ (429)	$ (1,677)
Provision for deferred tax assets deemed unrealizable (valuation allowance)	826	792	1,386	1,583
Nondeductible expenses	1	1	2	1
Stock compensation	0	0	7	12
Gain from debt extinguishment	(966)	0	(966)	0
Tax rate differential	0	0	0	(42)
Income tax benefit	$ 0	$ (227)	$ 0	$ (123)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Provision for taxes at U.S. statutory marginal income tax rate, percent	21.00%	21.40%	21.00%	21.20%
Provision for deferred tax assets deemed unrealizable (valuation allowance), percent	125.10%	(16.60%)	(67.90%)	(19.90%)
Nondeductible expenses, percent	0.10%	0.00%	(0.10%)	0.00%
Stock compensation, percent	0.00%	0.00%	(0.30%)	(0.20%)
Gain from debt extinguishment, percent	(1.462)	0	0.473	0
Tax rate differential, percent	0.00%	0.00%	0.00%	0.50%
Effective income tax rate	0.00%	4.80%	0.00%	1.60%
Discontinued Operations
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Provision for taxes at U.S. statutory marginal income tax rate	$ 0	$ (20)	$ 32	$ (142)
Provision for deferred tax assets deemed unrealizable (valuation allowance)	0	22	(32)	(180)
Nondeductible expenses	0	(2)	0	0
Tax rate differential	0	0	0	(200)
Income tax benefit	$ 0	$ 0	$ 0	$ (522)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Provision for taxes at U.S. statutory marginal income tax rate, percent	0.00%	21.00%	21.00%	21.00%
Provision for deferred tax assets deemed unrealizable (valuation allowance), percent	0.00%	(21.20%)	(21.00%)	26.30%
Nondeductible expenses, percent	0.00%	0.20%	0.00%	0.00%
Tax rate differential, percent	0.00%	0.00%	0.00%	29.20%
Effective income tax rate	0.00%	0.00%	0.00%	76.50%

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Operating Loss Carryforwards [Line Items]
Current tax benefit	$ 0	$ (227)	$ 0	$ (123)
Discontinued Operations
Operating Loss Carryforwards [Line Items]
Current tax benefit	$ 0	$ 0	$ 0	$ (522)

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Gross deferred tax assets:
Losses carried forward	$ 17,200	$ 16,408
Claims liabilities and unearned premium reserves	487	496
Investment in affiliates	23,870	23,870
Bad debts	168	168
Stock compensation	305	279
Other	419	203
Valuation allowance	(34,813)	(33,420)
Total gross deferred tax assets	7,636	8,004
Gross deferred tax liabilities:
Deferred policy acquisition costs	69	134
Investments	81	122
Fixed assets	826	1,344
Intangible assets	429	469
Other	6,231	5,935
Total gross deferred tax liabilities	7,636	8,004
Net deferred tax assets	$ 0	$ 0

Income Taxes - Schedule of Tax

Income Taxes - Schedule of Tax Carryforwards (Details) $ in Thousands	Jun. 30, 2021USD ($)
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	$ 81,904
Carryforward Expiring in 2031
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	1
Carryforward Expiring in 2032
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	70
Carryforward Expiring in 2035
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	1
Carryforward Expiring in 2037
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	13,649
Carryforward Expiring in 2038
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	8,903
Carryforward Expiring Indefinite Originated In 2018
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	8,245
Carryforward Expiring in 2039
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	4,973
Carryforward Expiring Indefinite Originated In 2019
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	6,306
Carryforward Expiring in 2040
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	31,300
Carryforward Expiring Indefinite Originated In 2020
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	4,687
Carryforward Expiring in 2041
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	873
Carryforward Expiring Indefinite Originated In 2021
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	$ 2,896

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Text Block [Abstract]
Valuation allowance	$ 34,813	$ 33,420

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment gross	$ 15,912	$ 34,243
Accumulated depreciation and amortization	(12,652)	(15,428)
Total property and equipment, net	3,260	18,815
Building
Property, Plant and Equipment [Line Items]
Property and equipment gross	0	7,425
Land
Property, Plant and Equipment [Line Items]
Property and equipment gross	0	1,840
Building improvements1
Property, Plant and Equipment [Line Items]
Property and equipment gross	0	9,031
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment gross	182	193
Internal use software
Property, Plant and Equipment [Line Items]
Property and equipment gross	12,795	12,795
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment gross	1,838	1,838
Furniture and other office equipment
Property, Plant and Equipment [Line Items]
Property and equipment gross	$ 1,097	$ 1,121

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) ft² in Thousands, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)ft²	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)ft²	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Property, Plant and Equipment [Line Items]
Depreciation and amortization of property and equipment	$ 394	$ 854	$ 1,078	$ 1,723
Capitalized costs			0	186
Amortization of capitalized costs	$ 302	404	$ 604	806
Occupied area of corporate headquarters building (in sq ft) | ft²	70		70
Rental income	$ 119	76	$ 238	230
Assets held for sale	57,870		57,870		$ 53,885
Asset Impairment Charges	1,500		1,500
Gain (loss) on disposition of fixed assets	0		12
Corporate
Property, Plant and Equipment [Line Items]
Assets held for sale	13,000		13,000
Building and building improvements
Property, Plant and Equipment [Line Items]
Depreciation and amortization of property and equipment	$ 0	$ 284	$ 284	$ 549
Continuing Operations
Property, Plant and Equipment [Line Items]
Depreciation and amortization of property and equipment					$ 3,200

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Outstanding Options and Restricted Shares (Details)	Apr. 22, 2021$ / shares	Jun. 30, 2021$ / sharesshares	Jun. 30, 2021$ / sharesshares	Jun. 30, 2020$ / sharesshares	Jun. 30, 2020$ / sharesshares
Weighted Average Exercise Price
Granted in period (in US or Canadian dollars per share)	$ 0.49
Prior to December 31, 2013
Number of Options
Outstanding, beginning of period (in shares) | shares		0	0	27,195	27,195
Granted in period (in shares) | shares		0	0	0	0
Exercised in period (in shares) | shares		0	0	0	0
Canceled in period (in shares) | shares		0	0	0	0
Outstanding, end of period (in shares) | shares		0	0	27,195	27,195
Weighted Average Exercise Price
Outstanding, beginning balance (in US or Canadian dollars per share)		$ 0		$ 6
Granted in period (in US or Canadian dollars per share)		0		0
Exercises in period (in US or Canadian dollars per share)		0		0
Canceled in period (in US or Canadian dollars per share)		0		0
Outstanding, ending balance (in US or Canadian dollars per share)		$ 0		$ 6
After December 31, 2013
Number of Options
Outstanding, beginning of period (in shares) | shares		181,500	181,500	375,000	375,000
Granted in period (in shares) | shares		1,016,000	1,016,000	0	0
Exercised in period (in shares) | shares		0	0	0	0
Canceled in period (in shares) | shares		0	0	(193,500)	(193,500)
Outstanding, end of period (in shares) | shares		1,197,500	1,197,500	181,500	181,500
Weighted Average Exercise Price
Outstanding, beginning balance (in US or Canadian dollars per share)			$ 13.51		$ 17.01
Granted in period (in US or Canadian dollars per share)			0.49		0
Exercises in period (in US or Canadian dollars per share)			0		0
Canceled in period (in US or Canadian dollars per share)			0		18.73
Outstanding, ending balance (in US or Canadian dollars per share)			$ 2.63		$ 13.51

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details)	Apr. 22, 2021$ / sharesshares	Mar. 12, 2015shares	Mar. 31, 2018USD ($)	Jun. 30, 2021USD ($)shares	Jun. 30, 2020USD ($)shares	Mar. 31, 2020shares	Jun. 30, 2021USD ($)$ / sharesshares	Jun. 30, 2021USD ($)shares	Jun. 30, 2020$ / shares	Jun. 30, 2020USD ($)shares	Dec. 31, 2020shares	Dec. 31, 2018USD ($)shares	Apr. 04, 2018$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, exercisable (in shares)				401,500			401,500	401,500
Grants, weighted average remaining life								6 years 2 months 19 days
Options outstanding, intrinsic value | $				$ 0			$ 0	$ 0
Option awards canceled during period (shares)						140,000
Options granted (in shares)	1,016,000
Exercise price (in dollars per share) | $ / shares	$ 0.49
Share-based compensation expense | $				156,000	$ 16,000			$ 166,000		$ 195,000
Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option awards canceled during period (shares)						53,500
March 12, 2015 | Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		5 years
Award vesting rights, percentage		20.00%
December 31, 2018 | Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (in dollars per share) | $ / shares													$ 10.50
Prior to December 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted in period (in shares)								0		0
Exercise price (in dollars per share) | $ / shares							$ 0		$ 0
Restricted Stock Grants | March 12, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted share awards, non-vested, fair value | $				$ 1,900,000			$ 1,900,000	$ 1,900,000
Restricted Stock Grants | March 12, 2015 | Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares granted during period (in shares)		200,000
Restricted shares vested during period (shares)				0	0			0		0
Stock Option | March 12, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, non-vested, fair value | $				$ 1,500,000			1,500,000	$ 1,500,000
Stock Option | March 12, 2015 | Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted in period (in shares)		200,000
Restricted Stock Units (RSUs) | December 31, 2018 | Director | Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares granted during period (in shares)												17,524
Deferred compensation arrangement with individual, fair value (in shares) | $			$ 40,000
Share-based compensation arrangement by share-based payment award, aggregate grant date fair value | $												$ 179,000
Restricted share and restricted share units grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares canceled during period (shares)						140,000					140,000
Unearned share-based compensation expense | $				$ 0			$ 0	$ 0
Restricted share and restricted share units grants | Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares canceled during period (shares)						20,000					20,000

Share-Based Compensation - Valu

Share-Based Compensation - Valuation Assumptions (Details)	6 Months Ended
	Jun. 30, 2021
Text Block [Abstract]
Expected risk-free interest rate	1.60%
Volatility	180.80%
Expected life (in years)	7 years

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Restricted Shares and Restricted Share Units (Details) - Restricted stock and restricted stock units (RSUs) - $ / shares	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Number of Shares
Non-vested, beginning of period (shares)	3,301	171,682	171,682
Granted during period (shares)	0	0
Vested during period (shares)	(3,301)	(5,841)
Canceled during period (shares)	0	(160,000)
Non-vested, end of period (shares)	0	5,841	3,301
Weighted Average Fair Value at Grant Date
Non-vested, beginning of period (USD per share)	$ 10.22	$ 17.46	$ 17.46
Granted during period (USD per share)	0	0
Vested during period (USD per share)	0.12	10.22
Canceled during period (USD per share)	0	9.62
Non-vested, end of period (USD per share)	$ 0	$ 10.22	$ 10.22

Other Employee Benefit Plans -

Other Employee Benefit Plans - Defined Contribution Plan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Other Employee Benefit Plans [Abstract]
Defined contribution plan, percent of employee contribution matched by employer, up to 2.5% annual earnings			100.00%
Defined contribution plan, percent of additional employees annual earnings employer will match 50%			2.50%
Defined contribution plan, percent of employer match on additional employee contributions, up to 2.5% annual earnings			50.00%
Defined contribution plan employer additional contribution matching percent of employees gross pay			2.50%
Defined contribution plan, employer matching contribution, maximum percent of employees' gross pay			3.75%
Defined contribution plan, employee contribution vesting percentage			100.00%
Defined contribution plan, employers matching contribution, vesting period			5 years
Defined contribution plan, company contributions	$ 0	$ 48	$ 0	$ 58

Other Employee Benefit Plans _2

Other Employee Benefit Plans - Employee Stock Purchase Plan (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Other Employee Benefit Plans [Abstract]
Employee stock purchase plan, hours of week threshold for investing in ordinary voting common shares			30 hours
Employee stock purchase plan, maximum annual contribution percent of annual earnings per employee			0.075
Employee stock purchase plan, percent of employee contribution matched by employer, up to 2.5% annual earnings			1
Employee stock purchase plan, percent of employees annual earnings employer will match 100%			2.50%
Employee stock purchase plan employer additional matching contribution on percent of employees gross pay			50.00%
Employee stock purchase plan, percent of additional employees annual earnings employer will match 50%			5.00%
Employee stock purchase plan, employer matching contribution, maximum percent of employee's gross pay			5.00%
Employee stock purchase plan, company cost	$ 0	$ 13	$ 0	$ 16

Share Capital and Mezzanine E_3

Share Capital and Mezzanine Equity - Schedule of Stock by Class (Details) - USD ($) $ in Thousands	Jul. 12, 2021	Jun. 30, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		300,000,001
Common stock, shares issued (in shares)		12,302,839	12,248,798
Common stock, shares outstanding (in shares)		12,047,334	11,993,293
Common stock, value, outstanding		$ 37	$ 37
Ordinary Voting Common Shares
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		266,666,667	266,666,667
Common stock, shares issued (in shares)		12,302,839	12,248,798
Common stock, shares outstanding (in shares)		12,047,334	11,993,293
Common stock, value, outstanding		$ 37	$ 37
Ordinary Voting Common Shares | Subsequent Event
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	800,000,001
Restricted Voting Common Shares
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		33,333,334	33,333,334
Common stock, shares issued (in shares)		0	0
Common stock, shares outstanding (in shares)		0	0
Common stock, value, outstanding		$ 0	$ 0

Share Capital and Mezzanine E_4

Share Capital and Mezzanine Equity - Narrative (Details) - $ / shares	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2020	Jun. 30, 2021	Dec. 31, 2020	Jun. 10, 2019
Class of Stock [Line Items]
Exercise price of warrants or rights (in dollars per share)		$ 0.69		$ 0.69
Preferred stock, shares outstanding (in shares)		0	0
Ordinary Voting Common Shares
Class of Stock [Line Items]
Ordinary voting common shares issued, RSU vesting (in shares)		54,041	210,481
Ordinary Voting Common Shares, Sole Power to Dispose of
Class of Stock [Line Items]
Class of warrant or right, outstanding (in shares)			2,387,368
Ordinary Voting Common Shares, Warrants to Purchase
Class of Stock [Line Items]
Class of warrant or right, outstanding (in shares)				2,387,368
Incentive Program | Ordinary Voting Common Shares
Class of Stock [Line Items]
Ordinary voting common shares issued, RSU vesting (in shares)		50,740
Restricted Stock Units (RSUs)
Class of Stock [Line Items]
Nonvested restricted stock units (RSUs) (shares)		0	3,301
Ordinary voting common shares issued, RSU vesting (in shares)		3,301	8,381
Restricted Stock Units (RSUs) | Incentive Program
Class of Stock [Line Items]
Ordinary voting common shares issued, RSU vesting (in shares)			202,100
Restricted share and restricted share units grants
Class of Stock [Line Items]
Restricted shares canceled during period (shares)	140,000		140,000
Restricted share and restricted share units grants | Officer
Class of Stock [Line Items]
Restricted shares canceled during period (shares)	20,000		20,000

Leases - Lease Expenses (Detail

Leases - Lease Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Operating leases	$ 169	$ 190	$ 338	$ 380
Variable lease cost	91	91	183	180
Total	$ 260	$ 281	$ 521	$ 560

Leases - Other Operating Lease

Leases - Other Operating Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities reported in operating cash flows	$ 260	$ 281	$ 521	$ 560
Right-of-use assets obtained in exchange for new lease liabilities	0	0	0	0
Total	$ 260	$ 281	$ 521	$ 560

Leases - Contractual Operating

Leases - Contractual Operating Lease Liability (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Remainder of 2021	$ 448
2022	179
2023	23
Total lease payments	650
Impact of discounting	13
Operating lease liability	$ 663	$ 1,091

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Disclosures (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Right-of-use asset	$ 566	$ 888
Weighted-average remaining lease term	9 months 18 days
Weighted-average discount rate	3.60%

Related Party Transactions (Det

Related Party Transactions (Details)	Dec. 31, 2020
Director or Director Affiliated Entity
Related Party Transaction [Line Items]
Percent of invested assets considered related party transactions	22.50%

Notes Payable - Narrative (Deta

Notes Payable - Narrative (Details) - USD ($)	Apr. 26, 2017	Nov. 10, 2016	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Feb. 07, 2021	May 01, 2020
Line of Credit Facility [Line Items]
Interest expense on notes payable			$ 514,000	$ 571,000
1.0% PPP Loan due May 1, 2022
Line of Credit Facility [Line Items]
Debt instrument, face amount								$ 4,600,500
Debt instrument, interest rate, stated percentage								1.00%
Second PPP Loan
Line of Credit Facility [Line Items]
Debt instrument, face amount							$ 2,000,000
Debt instrument, interest rate, stated percentage							1.00%
Loan Agreement | American Insurance Acquisition
Line of Credit Facility [Line Items]
Interest expense on notes payable					$ 1,100,000	$ 1,100,000
Senior unsecured notes
Line of Credit Facility [Line Items]
Debt instrument, face amount	$ 25,000,000
Debt instrument, term	5 years
Debt instrument, interest rate, stated percentage	6.625%
Amounts of funds accessed in period	$ 23,900,000
Redemption price	100.00%
Mortgage
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage		5.00%
Mortgage | Loan Agreement | American Insurance Acquisition
Line of Credit Facility [Line Items]
Debt instrument, face amount		$ 10,700,000
Debt instrument, term		10 years

Notes Payable - Debt Outstandin

Notes Payable - Debt Outstanding (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Feb. 07, 2021	Dec. 31, 2020	May 01, 2020	Apr. 26, 2017	Nov. 10, 2016
Line of Credit Facility [Line Items]
Total outstanding borrowings	$ 33,538		$ 36,464
Unamortized issuance costs	(184)		(296)
Notes payable, net	33,354		36,168
1.0% PPP Loan due May 1, 2022
Line of Credit Facility [Line Items]
Total outstanding borrowings	0		4,601
Debt instrument, interest rate, stated percentage				1.00%
Second PPP Loan
Line of Credit Facility [Line Items]
Total outstanding borrowings	2,000		0
Debt instrument, interest rate, stated percentage		1.00%
6.625% Senior Unsecured Notes due April 26, 2022
Line of Credit Facility [Line Items]
Total outstanding borrowings	25,000		25,000
Debt instrument, interest rate, stated percentage					6.625%
5.0% Mortgage due November 10, 2026
Line of Credit Facility [Line Items]
Total outstanding borrowings	$ 6,538		$ 6,863
Debt instrument, interest rate, stated percentage						5.00%

Deconsolidation and Discontin_3

Deconsolidation and Discontinued Operations - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Notes receivable	$ 18,017	$ 18,017
Interest Rate, increase on unpaid principal balance	0.02
Maximum variable interest rate	0.10

Deconsolidation and Discontin_4

Deconsolidation and Discontinued Operations - Loss From Discontinued Operations, Net of Tax (Details) - Global Liberty - Discontinued operations, held-for-sale - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Net premiums earned	$ 2,703	$ 2,973	$ 5,301	$ 7,840
Net investment (loss) income	(29)	12	(93)	(17)
Net realized gains (losses)	0	0	145	(1,565)
Total revenue	2,674	2,985	5,353	6,258
Net claims incurred	1,565	1,757	2,448	2,353
Acquisition costs	495	361	1,405	2,429
Other underwriting expenses	615	970	1,349	2,158
Total expenses	2,675	3,088	5,202	6,940
(Loss) income from operations before income taxes	(1)	(103)	151	(682)
Income tax benefit	0	0	0	(522)
Net (loss) income	(1)	(103)	151	(160)
Changes in net unrealized investments (gains) losses	(9)	303	(22)	245
Reclassification to net (loss) income	(1)	(2)	(159)	(93)
Other comprehensive (loss) income	(10)	301	(181)	152
Total comprehensive (loss) income	$ (11)	$ 198	$ (30)	$ (8)

Deconsolidation and Discontin_5

Deconsolidation and Discontinued Operations - Consolidated Statements of Financial Position (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Liabilities
Total liabilities	$ 50,544	$ 60,407
Fixed income securities at fair value, amortized cost	1,647	4,315
Global Liberty | Discontinued operations, held-for-sale
Assets
Fixed income securities, available for sale, at fair value (amortized cost $1,647 and $4,315)	1,695	4,544
Other investments	1,307	1,319
Total investments	3,002	5,863
Cash and cash equivalents	4,130	3,029
Accrued investment income	10	29
Reinsurance recoverables on amounts paid	780	581
Reinsurance recoverables on amounts unpaid	35,480	31,958
Prepaid reinsurance premiums	332	9,739
Deferred policy acquisition costs	329	637
Other assets	807	2,049
Total assets	44,870	53,885
Liabilities
Claims liabilities	38,201	38,499
Unearned premium reserves	5,364	14,545
Due to reinsurers	0	10
Other liabilities and accrued expenses	6,979	7,353
Total liabilities	$ 50,544	$ 60,407

Going Concern (Details)

Going Concern (Details)	Apr. 26, 2017USD ($)
Senior unsecured notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 25,000,000