v3.26.1
Statutory Financial Data, Risk-Based Capital and Dividend Restrictions (Tables)
12 Months Ended
Dec. 31, 2025
Insurance [Abstract]  
Summary of Statutory Basis Information

Summarized 2025 and 2024 statutory basis information for the non-captive Insurance Company Subsidiaries, which differs from generally accepted accounting principles, is as follows (dollars in thousands).

 

 

 

TIC

 

 

WPIC

 

2025

 

 

 

 

 

 

Statutory capital and surplus

 

$

42,555

 

 

$

8,173

 

RBC authorized control level

 

 

18,028

 

 

 

2,063

 

Statutory net income (loss)

 

 

(8,098

)

 

 

(1,859

)

RBC %

 

 

236

%

 

 

396

%

 

 

 

TIC

 

 

WPIC

 

2024

 

 

 

 

 

 

Statutory capital and surplus

 

$

33,482

 

 

$

10,045

 

RBC authorized control level

 

 

21,424

 

 

 

3,301

 

Statutory net income (loss)

 

 

(15,692

)

 

 

(112

)

RBC %

 

 

156

%

 

 

304

%

Effective December 31, 2025, PHI contributed all of the capital stock of WPIC to TIC. Accordingly, TIC's $42.6 million of statutory capital and surplus as of December 31, 2025, includes WPIC's $8.2 million of capital and surplus.