v3.26.1
Allowance for Expected Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Credit Loss [Abstract]  
Premiums receivable
The following table provides a roll forward of the allowance for expected credit losses of the Company’s premium receivables:
Premium Receivables, Net of AllowanceAllowance for Expected Credit Losses
Three Months Ended June 30, 2026
Balance at beginning of period$6,526 $39 
Change for provision of expected credit losses (1) 2 
Balance at end of period$7,160 $41 
Three Months Ended June 30, 2025
Balance at beginning of period$6,607 $43 
Change for provision of expected credit losses (1) 3 
Balance at end of period$7,067 $46 
Six Months Ended June 30, 2026
Balance at beginning of year$5,723 $43 
Change for provision of expected credit losses (1) (2)
Balance at end of period$7,160 $41 
Six Months Ended June 30, 2025
Balance at beginning of year$5,634 $45 
Change for provision of expected credit losses (1)
1 
Balance at end of period$7,067 $46 

(1)    Amounts deemed uncollectible are written-off in operating expenses. For the 2026 second quarter and 2025 second quarter, amounts written off were nil and $1 million, respectively. For the six months ended June 30, 2026 and 2025 period, amounts written off were nil and $1 million, respectively.
Reinsurance recoverables
The following table provides a roll forward of the allowance for expected credit losses of the Company’s reinsurance recoverables:
Reinsurance Recoverables, Net of AllowanceAllowance for Expected Credit Losses
Three Months Ended June 30, 2026
Balance at beginning of period$9,732 $18 
Change for provision of expected credit losses— 
Balance at end of period$9,964 $18 
Three Months Ended June 30, 2025
Balance at beginning of period$8,969 $17 
Change for provision of expected credit losses2 
Balance at end of period$9,044 $19 
Six Months Ended June 30, 2026
Balance at beginning of year$9,526 $17 
Change for provision of expected credit losses1 
Balance at end of period$9,964 $18 
Six Months Ended June 30, 2025
Balance at beginning of year$8,260 $17 
Change for provision of expected credit losses2 
Balance at end of period$9,044 $19 
Ceded credit risk
The following table summarizes the Company’s reinsurance recoverables on paid and unpaid losses (not including ceded unearned premiums):
June 30,
December 31,
20262025
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses$9,964$9,526
% due from carriers with A.M. Best rating of “A-” or better62.3 %62.1 %
% due from all other carriers with no A.M. Best rating (1)37.7 %37.9 %
Largest balance due from any one carrier as % of total shareholders’ equity8.4 %8.1 %
(1)    At June 30, 2026 and December 31, 2025 over 95% of such amount were collateralized through reinsurance trusts, funds withheld arrangements, letters of credit or other.
Contractholder receivables
The following table provides a roll forward of the allowance for expected credit losses of the Company’s contractholder receivables:
Contract-holder Receivables, Net of AllowanceAllowance for Expected Credit Losses
Three Months Ended June 30, 2026
Balance at beginning of period$2,253 $7 
Change for provision of expected credit losses— 
Balance at end of period$2,264 $7 
Three Months Ended June 30, 2025
Balance at beginning of period$2,212 $6 
Change for provision of expected credit losses— 
Balance at end of period$2,280 $6 
Six Months Ended June 30, 2026
Balance at beginning of year$2,270 $7 
Change for provision of expected credit losses— 
Balance at end of period$2,264 $7 
Six Months Ended June 30, 2025
Balance at beginning of year$2,161 $5 
Change for provision of expected credit losses1 
Balance at end of period$2,280 $6