v3.26.1
Reinsurance (Tables)
 6 Months Ended
Jun. 30, 2026
Reinsurance Disclosures [Abstract]  
Schedule of Reinsurance Recoverable, Credit Quality Indicator The following tables provide (i) a disaggregation of our reinsurance recoverable balance by financial strength rating and (ii) an aging analysis of our past due reinsurance recoverable balances as of June 30, 2026, and December 31, 2025:
June 30, 2026
($ in thousands)CurrentPast DueTotal Reinsurance Recoverables
Financial strength rating of rated reinsurers
A++$155,513 105 155,618 
A+566,547 3,067 569,614 
A142,876 3,116 145,992 
A-68 109 177 
Total rated reinsurers865,004 6,397 871,401 
Non-rated reinsurers
Federal and state pools81,022 — 81,022 
Other than federal and state pools1,780 45 1,825 
Total non-rated reinsurers82,802 45 82,847 
Total reinsurance recoverable, gross$947,806 6,442 954,248 
Less: allowance for credit losses(2,000)
Total reinsurance recoverable, net952,248 

December 31, 2025
($ in thousands)CurrentPast DueTotal Reinsurance Recoverables
Financial strength rating of rated reinsurers
A++$153,275 1,681 154,956 
A+529,027 5,556 534,583 
A130,457 974 131,431 
A-1,166 114 1,280 
Total rated reinsurers813,925 8,325 822,250 
Non-rated reinsurers
Federal and state pools82,322 — 82,322 
Other than federal and state pools12,862 61 12,923 
Total non-rated reinsurers95,184 61 95,245 
Total reinsurance recoverable, gross$909,109 8,386 917,495 
Less: allowance for credit losses(2,000)
Total reinsurance recoverable, net915,495 
Schedule of Reinsurance Recoverable, Allowance for Credit Loss
The following table provides a roll forward of the allowance for credit losses on our reinsurance recoverable balance for the periods indicated:

Quarter ended
June 30,		Six Months ended
June 30,
($ in thousands)
2026202520262025
Balance at beginning of period$2,000 2,000 $2,000 2,000 
Current period change for expected credit losses— — — — 
Write-offs charged against the allowance for credit losses— — — — 
Recoveries— — — — 
Allowance for credit losses, end of period$2,000 2,000 $2,000 2,000 
Schedule of Direct, Assumed, and Ceded Reinsurance Amounts
The following table lists direct, assumed, and ceded reinsurance amounts for premiums written, premiums earned, and loss and loss expense incurred for the indicated periods. For more information about reinsurance, refer to Note 9. "Reinsurance" in Item 8. "Financial Statements and Supplementary Data." of our 2025 Annual Report.

Quarter ended
June 30,		Six Months ended
June 30,
($ in thousands)2026202520262025
Premiums written:    
Direct$1,415,973 1,490,805 $2,831,633 2,913,656 
Assumed5,921 5,441 12,771 11,418 
Ceded(201,200)(207,617)(398,202)(396,002)
Net1,220,694 1,288,629 2,446,202 2,529,072 
Premiums earned:    
Direct1,404,205 1,373,080 2,810,927 2,713,526 
Assumed6,316 5,922 13,250 12,073 
Ceded(195,013)(190,945)(391,473)(378,785)
Net1,215,508 1,188,057 2,432,704 2,346,814 
Loss and loss expense incurred:
    
Direct909,014 929,929 1,763,732 1,760,601 
Assumed6,790 5,137 13,770 10,635 
Ceded(99,538)(111,168)(145,732)(201,013)
Net$816,266 823,898 $1,631,770 1,570,223