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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Net earned premiums $ 434,007 $ 300,366
Underwriting fee income 10,078 0
Commission and fee income 1,527 1,976
Net investment income 27,055 19,422
Net investment gains 3,185 6,750
Other income 15 13
Total revenues 475,867 328,527
Expenses:    
Losses and loss adjustment expenses 265,223 187,309
Underwriting, acquisition and insurance expenses 124,614 86,551
Fee‑based service expenses 4,170 0
Interest expense 7,719 1,834
Amortization expense 8,843 337
Other expenses 3,222 1,061
Total expenses 413,791 277,092
Income before income taxes 62,076 51,435
Income tax expense 12,345 9,377
Net income 49,731 42,058
Comprehensive income    
Net income 49,731 42,058
Unrealized gains and losses on investments:    
Net change in unrealized (losses) gains on investments, net of tax (17,217) 12,255
Reclassification adjustment for gains (losses) on securities no longer held, net of tax 502 (182)
Foreign currency translation adjustment (868) 0
Total other comprehensive (loss) income (17,583) 12,073
Comprehensive income $ 32,148 $ 54,131
Per share data:    
Basic earnings per share (in dollar per share) $ 1.12 $ 1.05
Diluted earnings per share (in dollar per share) $ 1.09 $ 1.01
Weighted-average common shares outstanding    
Basic (in shares) 44,463,167 40,196,416
Diluted (in shares) 45,443,960 41,680,595