v3.25.1
Variable Interest Entity - Summary of Unaudited Financial Information and Unaudited Financial Position (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Assets:      
Cash and cash equivalents [1] $ 754,481 $ 532,471  
Income taxes receivable [1] 0 463  
Deferred income taxes, net [1] 1,502 72  
Premiums receivable, net [1] 54,704 50,582  
Prepaid reinsurance premiums [1] 38,009 92,060  
Unpaid losses and loss adjustment expenses 481,434 522,379  
Deferred policy acquisition costs [1] 56,398 54,303  
Other assets [1] 9,642 9,818  
Total assets 2,306,668 2,230,213  
Liabilities:      
Losses and loss adjustment expenses 798,146 [2] 845,900 [2] $ 578,712
Unearned premiums [2] 573,565 584,703  
Advance premiums [2] 37,807 18,867  
Ceded reinsurance premiums payable 19,779 18,313  
Assumed premiums payable [2] 3,582 2,176  
Accrued expenses [2] 29,110 17,677  
Income tax payable [2] 33,378 5,451  
Deferred income taxes, net [2] 3,661 2,830  
Other liabilities [2] 34,708 32,320  
Total liabilities 1,762,199 1,761,172  
Consolidated Variable Interest Entities [Member]      
Assets:      
Cash and cash equivalents 100,286 74,886  
Restricted cash 616 611  
Income taxes receivable 0 463  
Deferred income taxes, net 1,502 72  
Premiums receivable, net 4,143 4,230  
Prepaid reinsurance premiums 6,582 13,886  
Unpaid losses and loss adjustment expenses 3,598 3,596  
Deferred policy acquisition costs 2,538 2,709  
Other assets 626 891  
Total assets 119,891 101,344  
Liabilities:      
Losses and loss adjustment expenses 19,042 17,415  
Unearned premiums 40,474 30,204  
Advance premiums 327 0  
Assumed premiums payable 1,362 656  
Accrued expenses 889 915  
Income tax payable 2,535 19  
Deferred income taxes, net 0 261  
Other liabilities 1,398 1,131  
Total liabilities $ 66,027 $ 50,601  
[1] See Note 14 for details of balances associated with consolidated variable interest entities.
[2] See Note 14 for details of balances associated with consolidated variable interest entities.