Employee Benefit Plans	6 Months Ended
Jun. 30, 2025
Employee Benefit Plans
Employee Benefit Plans	Employee Benefit Plans Bonus Plans Employee Bonus Plan For the three months ended June 30, 2025 and 2024, the Company accrued $856,458 and $502,075, respectively ("Cash Payments") related to an employee bonus plan (the "Bonus Plan"), of which $195,272 and $114,473, respectively, is allocated and recorded in loss and LAE, and $661,186 and $387,602, respectively, is recorded in other underwriting expenses on the accompanying condensed consolidated statements of income and comprehensive income. For the six months ended June 30, 2025 and 2024, the Company accrued approximately $980,391 and $584,140, respectively, of Cash Payments related to the Bonus Plan, of which $223,529 and $133,184,respectively, is allocated and recorded in loss and LAE, and $756,862 and $450,956, respectively, is recorded in other underwriting expenses on the accompanying condensed consolidated statements of income and comprehensive income. In addition to the Cash Payments, the Bonus Plan also calls for a restricted stock award ("RSA") to the Company's senior leadership team ("SLT") in an amount up to their Cash Payments if certain performance metrics have been met. The performance metrics for the six months ended June 30, 2025 were met, and, accordingly, $48,006 of stock based compensation liability has been accrued for the three months and six months ended June 30, 2025 for the SLT RSA bonus and is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. For the three months and six months ended June 30, 2024, the performance metrics were not met, and accordingly, the Company did not accrue any amount for the SLT RSA bonus. Executive Bonus Plan For the three months ended June 30, 2025 and 2024, the Company accrued approximately $345,000 and $116,000, respectively, for a bonus pursuant to the Third Amended Golden Employment Agreement ("Executive Bonus"), of which $311,000 and $0, respectively, is recorded in other underwriting expenses, and $34,000 and $116,000, respectively, is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. For the six months ended June 30, 2025, the Company accrued approximately $371,000 and $116,000, respectively, for the Executive Bonus of which $334,000 and $0, respectively, is recorded in other underwriting expenses, and $37,000 and $116,000, respectively, is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. 401(k) Plan The Company maintains a salary reduction plan under Section 401(k) of the Internal Revenue Code (the “401(k) Plan”) for its qualified employees. The Company matches 100% of each participant’s contribution up to 4% of the participant’s eligible contribution. The Company incurred approximately $72,000 and $66,000, respectively, of expense for the three months ended June 30, 2025 and 2024, related to the 401(k) Plan, which is recorded in other underwriting expenses on the accompanying condensed consolidated statements of income and comprehensive income. The Company incurred approximately $185,000 and $138,000, respectively, of expense for the six months ended June 30, 2025 and 2024, related to the 401(k) Plan, which is recorded in other underwriting expenses on the accompanying condensed consolidated statements of income and comprehensive income.

For the three months ended June 30, 2025 and 2024, the Company accrued $856,458 and $502,075, respectively ("Cash Payments") related to an employee bonus plan (the "Bonus Plan"), of which $195,272 and $114,473, respectively, is allocated and recorded in loss and LAE, and $661,186 and $387,602, respectively, is recorded in other underwriting expenses on the accompanying condensed consolidated statements of income and comprehensive income. For the six months ended June 30, 2025 and 2024, the Company accrued approximately $980,391 and $584,140, respectively, of Cash Payments related to the Bonus Plan, of which $223,529 and $133,184,respectively, is allocated and recorded in loss and LAE, and $756,862 and $450,956, respectively, is recorded in other underwriting expenses on the accompanying condensed consolidated statements of income and comprehensive income. In addition to the Cash Payments, the Bonus Plan also calls for a restricted stock award ("RSA") to the Company's senior leadership team ("SLT") in an amount up to their Cash Payments if certain performance metrics have been met. The performance metrics for the six months ended June 30, 2025 were met, and, accordingly, $48,006 of stock based compensation liability has been accrued for the three months and six months ended June 30, 2025 for the SLT RSA bonus and is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. For the three months and six months ended June 30, 2024, the performance metrics were not met, and accordingly, the Company did not accrue any amount for the SLT RSA bonus.

For the three months ended June 30, 2025 and 2024, the Company accrued approximately $345,000 and $116,000, respectively, for a bonus pursuant to the Third Amended Golden Employment Agreement ("Executive Bonus"), of which $311,000 and $0, respectively, is recorded in other underwriting expenses, and $34,000 and $116,000, respectively, is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. For the six months ended June 30, 2025, the Company accrued approximately $371,000 and $116,000, respectively, for the Executive Bonus of which $334,000 and $0, respectively, is recorded in other underwriting expenses, and $37,000 and $116,000, respectively, is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income.

The Company maintains a salary reduction plan under Section 401(k) of the Internal Revenue Code (the “401(k) Plan”) for its qualified employees. The Company matches 100% of each participant’s contribution up to 4% of the participant’s eligible contribution. The Company incurred approximately $72,000 and $66,000, respectively, of expense for the three months ended June 30, 2025 and 2024, related to the 401(k) Plan, which is recorded in other underwriting expenses on the accompanying condensed consolidated statements of income and comprehensive income. The Company incurred