v3.26.1
Premiums and Reinsurance Related Information (Tables)
 3 Months Ended
Mar. 31, 2026
Insurance [Abstract]  
Schedule of Reinsurance Effects on Written and Earned Premiums and Losses and Loss Adjustment Expenses
The following table summarizes the effects of reinsurance on the Company’s written and earned premiums and losses and loss adjustment expenses:
Three Months Ended March 31, 2026Written
Premiums		Earned
Premiums		Losses and Loss
Adjustment
Expenses
($ in thousands)
Assumed$216,741 $212,919 $140,349 
Ceded(76,399)(76,111)(48,868)
Net$140,342 $136,808 $91,481 
Three Months Ended March 31, 2025Written
Premiums		Earned
Premiums		Losses and Loss
Adjustment
Expenses
($ in thousands)
Assumed$174,848 $168,853 $111,547 
Ceded(58,079)(59,037)(38,120)
Net $116,769 $109,816 $73,427 
Schedule of Reinsurance Recoverable on Paid and Unpaid Losses and Loss Adjustment Expenses
The following table summarizes reinsurance recoverable on paid and unpaid losses and loss adjustment expenses:
As of
March 31,
2026		December 31,
2025
($ in thousands)
Reinsurance recoverable on unpaid losses and loss adjustment expenses$412,908 $381,697 
Reinsurance recoverable on paid losses and loss adjustment expenses20,604 18,202 
Allowance for credit losses
(247)(223)
Reinsurance recoverable, net$433,265 $399,676 
Schedule of A.M. Best Financial Strength Rating and Percent of Total Reinsurance Recoverable
The following table summarizes the Company’s top five reinsurers, their A.M. Best financial strength rating and percent of total reinsurance recoverable as of March 31, 2026 and December 31, 2025:
ReinsurerA.M. Best RatingMarch 31,
2026		December 31,
2025
Renaissance Reinsurance U.S. Inc A+ 29.9%30.1%
Endurance Assurance Corporation A+ 23.2%23.5%
Markel Global Reinsurance Company A 17.4%18.4%
American Family Connect Property and Casualty Insurance Company A 9.6%9.1%
Ascot Bermuda Limited A 6.8%7.1%
All other reinsurersAt least A13.1%11.8%
Total
100.0%100.0%