The following table summarizes, by major security type, the Company's assets that are measured at fair value on a recurring basis, and placement within the fair value hierarchy (in thousands):


	As of June 30, 2026
	Fair Value		Level 1		Level 2		Level 3
Assets
Money market funds	$	53,359	$	53,359	$	—	$	—
Fixed maturities:
Mortgage-backed securities and collateralized mortgage obligations	24,071		—		24,071		—
Other asset-backed securities	26,662		—		26,662		—
Corporate bonds	57,272		—		57,272		—


U.S. treasury securities	95,401		—		95,401		—

Total	$	256,765	$	53,359	$	203,406	$	—

	As of December 31, 2025
	Fair Value		Level 1		Level 2		Level 3
Assets
Money market funds	$	46,818	$	46,818	$	—	$	—
Fixed maturities:
Mortgage-backed securities and collateralized mortgage obligations	24,687		—		24,687		—
Other asset-backed securities	23,837		—		23,837		—
Corporate bonds	47,835		—		47,835		—


U.S. treasury securities	104,158		—		104,158		—
Total	$	247,335	$	46,818	$	200,517	$	—