Three Months Ended
March 31,

2026

2025

Written premiums:

Direct

$

11,469

$

16,177

Assumed

—

(4

)

Ceded

(5,394

)

(5,333

)

Net written premiums

$

6,075

$

10,840

Earned premiums:

Direct

$

13,714

$

16,187

Assumed

—

(69

)

Ceded

(7,789

)

(5,803

)

Net earned premiums

$

5,925

$

10,315

Losses and LAE:

Direct

$

5,011

$

7,080

Assumed

1,092

8,671

Ceded

(2,774

)

(6,477

)

Net Losses and LAE

$

3,329

$

9,274