v3.26.1
Deferred Policy Acquisition Costs (Tables)
 3 Months Ended
Mar. 31, 2026
Insurance [Abstract]  
Schedule of Deferred Policy Acquisition Costs
Acquisition costs deferred and amortized to net income for the three months ended March 31, 2026 and 2025 are summarized as follows:
As of March 31,20262025
($ in thousands)
Deferred policy acquisition costs, beginning of year
$35,284 $27,625 
Additions to deferred balance:
Broker commission32,741 24,346 
Ceding fee4,325 2,348 
Others3,989 637 
Ceding commission(22,402)(17,007)
Total net additions18,653 10,324 
Amortization of net policy acquisition costs(13,893)(9,796)
Deferred policy acquisition costs, end of period$40,044 $28,153 
Three Months Ended March 31,20262025
($ in thousands)
Net policy acquisition costs
Broker commission30,655 23,646 
Ceding fee4,133 2,444 
Others 1,330 816 
Ceding commission(22,225)(17,110)
Amortization of net policy acquisition costs
$13,893 $9,796