Year Ended December 31,

2025

2024

Written premiums:

Direct

$

59,837

$

70,555

Assumed

3

1,498

Ceded

(38,492

)

(22,715

)

Net written premiums

$

21,348

$

49,338

Earned premiums:

Direct

$

64,603

$

88,868

Assumed

125

17,744

Ceded

(32,341

)

(45,750

)

Net earned premiums

$

32,387

$

60,862

Loss and loss adjustment expenses:

Direct

$

48,212

$

70,122

Assumed

5,021

46,010

Ceded

(14,692

)

(42,830

)

Net loss and LAE

$

38,541

$

73,302