Annual report pursuant to Section 13 and 15(d)

Business Segment Reporting (Details)

v3.24.0.1
Business Segment Reporting (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]    
Fee income $ 43,450 $ 81,815
Interest income 12,193 6,038
Interest expense (118,728) (118,649)
Total revenues 234,250 52,762
Total expenses 392,007 418,226
Impairment of intangibles and other assets (9,296) (9,528)
Other, net 211 31,992
Net income (loss) before taxes (166,842) (343,000)
Depreciation and amortization 42,369 42,028
Total assets 27,107,590 20,872,655
Continuing Operations    
Segment Reporting Information [Line Items]    
Net fair value gains (losses) on loans and related obligations 322,329 89,489
Fee income 43,450 81,815
Loss on sale and other income from loans held for sale, net (24,994) (5,931)
Interest income 12,193 6,038
Interest expense (118,728) (118,649)
Net interest expense (106,535) (112,611)
Total revenues 234,250 52,762
Total expenses 392,007 418,226
Impairment of intangibles and other assets (9,296)  
Impairment of intangibles and other assets   (9,528)
Other, net 211 31,992
Net income (loss) before taxes (166,842) (343,000)
Depreciation and amortization 42,369 42,028
Total assets 27,100,869 20,559,295
Operating segments | Retirement Solutions And Portfolio Management | Continuing Operations    
Segment Reporting Information [Line Items]    
Net fair value gains (losses) on loans and related obligations 322,329 88,577
Fee income 43,450 82,287
Loss on sale and other income from loans held for sale, net (24,994) (5,931)
Interest income 10,923 5,362
Interest expense (87,839) (90,980)
Net interest expense (76,916) (85,618)
Total revenues 263,869 79,315
Total expenses 292,859 306,347
Impairment of intangibles and other assets (6,400)  
Impairment of intangibles and other assets   (7,300)
Other, net 75 4,150
Net income (loss) before taxes (35,315) (230,182)
Depreciation and amortization 40,678 38,973
Total assets 27,049,706 20,483,340
Operating segments | Retirement Solutions | Continuing Operations    
Segment Reporting Information [Line Items]    
Net fair value gains (losses) on loans and related obligations 121,646 283,808
Fee income 33,167 15,526
Loss on sale and other income from loans held for sale, net (6,303) 367
Interest income 0 43
Interest expense 0 (54)
Net interest expense 0 (11)
Total revenues 148,510 299,690
Total expenses 208,836 182,287
Impairment of intangibles and other assets 0  
Impairment of intangibles and other assets   (3,500)
Other, net 75 3,290
Net income (loss) before taxes (60,251) 117,193
Depreciation and amortization 40,571 38,654
Total assets 276,605 297,361
Operating segments | Portfolio Management | Continuing Operations    
Segment Reporting Information [Line Items]    
Net fair value gains (losses) on loans and related obligations 200,683 (195,231)
Fee income 10,283 66,761
Loss on sale and other income from loans held for sale, net (18,691) (6,298)
Interest income 10,923 5,319
Interest expense (87,839) (90,926)
Net interest expense (76,916) (85,607)
Total revenues 115,359 (220,375)
Total expenses 84,023 124,060
Impairment of intangibles and other assets (6,400)  
Impairment of intangibles and other assets   (3,800)
Other, net 0 860
Net income (loss) before taxes 24,936 (347,375)
Depreciation and amortization 107 319
Total assets 26,773,101 20,185,979
Operating segments | Corporate and Other | Continuing Operations    
Segment Reporting Information [Line Items]    
Net fair value gains (losses) on loans and related obligations 0 0
Fee income 8,125 27,578
Loss on sale and other income from loans held for sale, net 0 0
Interest income 1,270 676
Interest expense (30,889) (27,669)
Net interest expense (29,619) (26,993)
Total revenues (21,494) 585
Total expenses 107,273 139,014
Impairment of intangibles and other assets (2,896)  
Impairment of intangibles and other assets   (2,228)
Other, net 136 27,839
Net income (loss) before taxes (131,527) (112,818)
Depreciation and amortization 1,691 3,055
Total assets 1,521,058 1,610,355
Eliminations | Continuing Operations    
Segment Reporting Information [Line Items]    
Net fair value gains (losses) on loans and related obligations 0 912
Fee income (8,125) (28,050)
Loss on sale and other income from loans held for sale, net 0 0
Interest income 0 0
Interest expense 0 0
Net interest expense 0 0
Total revenues (8,125) (27,138)
Total expenses (8,125) (27,135)
Impairment of intangibles and other assets 0  
Impairment of intangibles and other assets   0
Other, net 0 3
Net income (loss) before taxes 0 0
Depreciation and amortization 0 0
Total assets $ (1,469,895) $ (1,534,400)