v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Investments Measured at Fair Value By Level
The following table presents the Company’s investments measured at fair value by level:
As of March 31, 2026Level 1Level 2Level 3Total
($ in thousands)
Fixed maturity securities
U.S. government and government agency$55,168 $17,644 $— $72,812 
State and municipal— 147,431 — 147,431 
Commercial mortgage-backed securities— 170,809 — 170,809 
Residential mortgage-backed securities— 348,865 — 348,865 
Asset-backed securities— 190,133 — 190,133 
Corporate— 590,300 — 590,300 
Total fixed maturity securities
55,168 1,465,182 — 1,520,350 
Short-term investments— 4,976 — 4,976 
Total investments
$55,168 $1,470,158 $— $1,525,326 
As of December 31, 2025Level 1Level 2Level 3Total
($ in thousands)
Fixed maturity securities
U.S. government and government agency$80,368 $— $— $80,368 
State and municipal— 129,278 — 129,278 
Commercial mortgage-backed securities— 171,322 — 171,322 
Residential mortgage-backed securities— 318,561 — 318,561 
Asset-backed securities— 169,004 — 169,004 
Corporate— 502,473 — 502,473 
Total fixed maturity securities
80,368 1,290,638 — 1,371,006 
Short-term investments— — — — 
Total investments
$80,368 $1,290,638 $— $1,371,006