v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 49,731 $ 42,058
Adjustments to reconcile net income to net cash provided by operating activities 66,806 54,702
Net cash provided by operating activities 116,537 96,760
Cash flows from investing activities:    
Net cash paid in acquisition (303,035) 0
Purchase of fixed maturity securities, available-for-sale (269,921) (126,827)
Purchase of equity securities 0 (8,422)
Purchase of equity method investments and other long-term investments (283) (200)
Investment in direct and indirect loans 442 13,829
Proceeds from the sales of (payments for the purchase of) property and equipment 1,654  
Proceeds from the sales of (payments for the purchase of) property and equipment   (202)
Proceeds from the sales of fixed maturity securities, available-for-sale 84,032 8,195
Maturities, calls, transfers and paydowns of fixed maturity securities, available-for-sale 50,210 29,537
Maturities, calls and paydowns of fixed maturity securities held-to-maturity 1,536 2,129
Proceeds from the sales of equity securities 0 8,748
Sales of and distributions from equity method and other long-term investments 13,628 4,396
Change in short-term investments 64,961 (33,162)
Change in receivable/payable for securities (9,525) 0
Cash provided by deposit accounting 4,457 1,200
Net cash used in investment activities (361,844) (100,779)
Cash flows from financing activities:    
Proceeds from issuance of common stock 200 0
Proceeds from long term borrowings 371,089 0
Treasury stock acquired (8,665) 0
Net cash provided by financing activities 362,624 0
Net increase in cash and cash equivalents and restricted cash 117,317 (4,019)
Cash and cash equivalents and restricted cash at beginning of period [1] 199,114 157,525
Cash and cash equivalents and restricted cash at end of period [1] 316,431 153,506
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 6,246 $ 1,805
[1]
(1) The sum of cash and cash equivalents and restricted cash from the consolidated balance sheets