v3.25.2
Segment Reporting (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Segment Reporting [Abstract]            
Number of Operating Segments         1  
Segment Reporting Information [Line Items]            
Premiums Earned, Net $ 383,613   $ 332,461   $ 749,403 $ 641,979
Fee income 10,796   8,991   20,355 17,083
Net investment income 46,473   35,847   90,292 68,780
Change in the fair value of equity securities 28,621   3,159   31,659 21,212
Net realized investment gains 136   2,879   673 6,745
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Period Increase (Decrease) 5   476   (15) 486
Other income 170   740   844 1,059
Revenues 469,814   384,553   893,211 757,344
Current year         480,430 398,058
Prior years         (30,095) (17,947)
Salaries, bonuses and employee benefits 32,500   26,000   61,700 50,700
Current period change for estimated uncollectible premiums 1,777   6,079   4,901 10,342
Interest Expense 2,557   2,564   5,095 4,986
Total income tax expense 34,168   23,221   57,252 40,147
Net income 134,121 $ 89,227 92,579 $ 98,941 223,348 191,520
Current period change for estimated uncollectible premiums 1,777   6,079   4,901 10,342
Catastrophe losses [Member]            
Segment Reporting Information [Line Items]            
Current year         26,300  
Operating Segments | Excess and Surplus Lines Segment            
Segment Reporting Information [Line Items]            
Premiums Earned, Net 383,613   332,461   749,403 641,979
Fee income 10,796   8,991   20,355 17,083
Net investment income 46,473   35,847   90,292 68,780
Change in the fair value of equity securities 28,621   3,159   31,659 21,212
Net realized investment gains 136   2,879   673 6,745
Debt Securities, Available-for-Sale, Excluding Accrued Interest, Allowance for Credit Loss, Period Increase (Decrease) 5   476   (15) 486
Other income 170   740   844 1,059
Revenues 469,814   384,553   893,211 757,344
Current year 229,100   199,406   454,147 394,060
Prior years (15,446)   (9,501)   (30,095) (17,947)
Net commissions incurred 39,727   33,405   75,407 64,944
Salaries, bonuses and employee benefits 32,487   25,973   61,696 50,689
Current period change for estimated uncollectible premiums 1,777   6,079   4,901 10,342
Depreciation, Depletion and Amortization, Nonproduction 1,122   988   2,229 1,863
Interest Expense 2,557   2,564   5,095 4,986
Selling, General and Administrative Expense 6,496   6,419   12,948 12,742
Total income tax expense 34,168   23,221   57,252 40,147
Net income 134,121   92,579   223,348 191,520
Current period change for estimated uncollectible premiums 1,777   6,079   4,901 10,342
Operating Segments | Excess and Surplus Lines Segment | Catastrophe losses [Member]            
Segment Reporting Information [Line Items]            
Current year $ 3,705   $ 3,420   $ 26,283 $ 3,998