The following table shows the breakdown of reinsurance balances receivable:
| | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | Amount | | % | | Amount | | % | | Premiums receivable | $ | 285,741 | | | 42.5 | % | | $ | 246,533 | | | 37.1 | % | | | | | | | | | | Funds withheld: | | | | | | | | Premiums held by Lloyd's syndicates | 348,478 | | | 51.8 | % | | 336,216 | | | 50.6 | % | | Funds held by cedants | 32,967 | | | 4.9 | % | | 32,337 | | | 4.9 | % | | Funds at Lloyd’s | 13 | | | — | % | | 44,185 | | | 6.7 | % | | | | | | | | | | Profit commission receivable | 6,613 | | | 1.0 | % | | 6,459 | | | 1.0 | % | | | | | | | | | | Total before provision | 673,812 | | | 100.2 | % | | 665,730 | | | 100.2 | % | | Provision for expected credit losses | (1,349) | | | (0.2) | % | | (1,349) | | | (0.2) | % | | Reinsurance balances receivable, net | $ | 672,463 | | | 100.0 | % | | $ | 664,381 | | | 100.0 | % |
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