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DEBT AND CREDIT FACILITIES
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
DEBT AND CREDIT FACILITIES DEBT AND CREDIT FACILITIES
Debt Obligations

The following table summarizes the Company’s outstanding debt obligations.
March 31, 2026December 31, 2025
Revolving credit facility5,000 5,000 
Less: deferred financing costs(261)(276)
Total debt$4,739 $4,724 

Credit Facilities

At March 31, 2026, the Company had letters of credit (“LC”) facilities with the following financial institutions:
CapacityLCs issued
For reinsurance contracts:
HSBC$100,000 $18 
Citibank275,000 159,043 
CIBC200,000 190,296 
Total LCs in favor of cedants$575,000 $349,357 
For Lloyd’s syndicates capacity:
Citibank FAL£50,000 £45,000 

Except for the above Citibank FAL facility, the LC facilities are cash collateralized (see Note 6). The LC facilities are subject to various customary covenants. At March 31, 2026, the Company was in compliance with all LC facilities covenants.