v3.26.1
Mortgage Loans (Tables)
3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table sets forth the carrying value of the Company’s mortgage loans as of March 31, 2026 and 2025:
($ in thousands)March 31, 2026December 31, 2025
Commercial$2,468 $3,334 
Hospitality6,620 6,568 
$9,088 $9,902 
Schedule of Investment Income
The following table sets forth the proceeds from sales of available-for-sale fixed maturity securities and equity securities for the three months ended March 31, 2026 and 2025:
($ in thousands)20262025
Fixed maturity securities, available-for-sale$84,032 $8,195 
Equity securities 8,748 
The following table sets forth the components of net investment income for the three months ended March 31, 2026 and 2025:
($ in thousands)20262025
Income (loss):
Fixed maturity securities, available-for-sale$29,411 $17,288 
Fixed maturity securities, held-to-maturity(1,077)822 
Equity securities18 617 
Equity method investments(1,297)(1,988)
Mortgage loans(665)661 
Indirect loans(1,793)(741)
Short-term investments and cash3,474 3,192 
Other686 1,061 
Total investment income28,757 20,912 
Investment expenses(1,702)(1,490)
Net investment income$27,055 $19,422 
The following table sets forth the Company’s gross investment income for mortgage loans for the three months ended March 31, 2026 and 2025:
Three months ended March 31,
($ in thousands)20262025
Commercial$(824)$108 
Retail 304 
Hospitality159 249 
$(665)$661