v3.25.4
TAXATION - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets    
Intangible assets $ 382,183 $ 420,143
Value of in-force business 150,840 167,599
Tax loss carryforwards 135,107 152,864
Reserve for claims and claim expenses 143,158 131,121
Unearned premiums 51,520 59,441
Amortization and depreciation 25,761 23,877
Deferred finance charges 15,935 17,832
Other 5,598 8,571
Deferred tax assets, gross 910,102 981,448
Deferred tax liabilities    
Deferred acquisition expenses (75,558) (125,347)
Investments (36,123) 0
Deferred underwriting results (22,399) 0
Deferred revenue (14,458) (8,685)
VOBA 0 (17,540)
Other (14,572) (7,312)
Deferred tax liabilities, gross (163,110) (158,884)
Net deferred tax asset (liability) before valuation allowance 746,992 822,564
Valuation allowance (80,078) (147,079)
Net deferred tax asset (liability) $ 666,914 $ 675,485