v3.25.4
Catastrophe Reinsurance (Tables)
12 Months Ended
Dec. 31, 2025
Reinsurance Disclosures [Abstract]  
Reinsurance Retention Policy
Coverage on individual catastrophes provided under the excess of loss reinsurance contracts effective January 1, 2025 to December 31, 2025 is provided in various layers as presented below.
DOLLARS IN MILLIONSCatastrophe Losses and
LAE
Percentage
of Coverage
In Excess ofUp to
Retained$— $50.0 — %
1st Layer of Coverage50.0 110.0 95.0 
2nd Layer of Coverage110.0 175.0 95.0 
Coverage on individual catastrophes provided under the excess of loss reinsurance contracts effective January 1, 2024 to December 31, 2024 is provided in various layers as presented below.
DOLLARS IN MILLIONSCatastrophe Losses and
LAE
Percentage
of Coverage
In Excess ofUp to
Retained$— $50.0 — %
1st Layer of Coverage50.0 150.0 85.0 
2nd Layer of Coverage150.0 240.0 95.0 
3rd Layer of Coverage240.0 250.0 31.7 
Coverage on individual catastrophes provided under the excess of loss reinsurance contracts effective January 1, 2023 to December 31, 2023 is provided in various layers as presented below.
DOLLARS IN MILLIONSCatastrophe Losses and
LAE
Percentage
of Coverage
In Excess ofUp to
Retained$— $50.0 — %
1st Layer of Coverage50.0 150.0 95.0 
2nd Layer of Coverage150.0 250.0 95.0 
3rd Layer of Coverage250.0 295.0 95.0 
4th Layer of Coverage295.0 325.0 95.0 
Catastrophe Reinsurance Premiums
Reinsurance premiums for the Company’s catastrophe reinsurance programs and the FHCF Program reduced earned premiums for the years ended December 31, 2025, 2024 and 2023 by the following:
DOLLARS IN MILLIONS202520242023
Specialty Property & Casualty Insurance$1.2 $6.5 $6.1 
Life Insurance0.1 0.3 0.7 
Non-Core Operations— 9.6 9.5 
Total Ceded Catastrophe Reinsurance Premiums$1.3 $16.4 $16.3 
Catastrophe Losses and LAE, Net Reinsurance Recoveries
Catastrophe losses and LAE (including reserve development), net of reinsurance recoveries, for the years ended December 31, 2025, 2024 and 2023 by business segment are presented below.
DOLLARS IN MILLIONS202520242023
Specialty Property & Casualty Insurance$11.3 $20.6 $32.2 
Life Insurance1.1 2.1 3.0 
Non-Core Operations5.9 48.6 52.4 
Total Catastrophe Losses and LAE$18.3 $71.3 $87.6