| Disaggregation of Revenue [Table Text Block] |
The Company has a single reportable segment and offers specialty insurance products. Gross written premiums (“GWP”) by product are presented below:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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($ in thousands) |
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($ in thousands) |
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% of |
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% of |
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% of |
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% of |
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Amount |
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GWP |
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Amount |
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GWP |
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Amount |
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GWP |
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Amount |
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GWP |
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Product(1) |
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Casualty |
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$ |
197,494 |
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31.3 |
% |
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$ |
144,388 |
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29.1 |
% |
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$ |
403,793 |
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32.0 |
% |
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$ |
277,490 |
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29.6 |
% |
Inland Marine and Property |
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169,728 |
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26.9 |
% |
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153,040 |
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30.8 |
% |
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336,291 |
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26.7 |
% |
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266,366 |
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28.4 |
% |
Earthquake |
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146,648 |
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23.3 |
% |
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147,709 |
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29.8 |
% |
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283,964 |
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22.5 |
% |
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281,405 |
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30.0 |
% |
Crop |
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77,368 |
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12.3 |
% |
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39,464 |
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8.0 |
% |
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165,142 |
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13.1 |
% |
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87,683 |
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9.3 |
% |
Surety & Credit |
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39,218 |
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6.2 |
% |
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11,687 |
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2.3 |
% |
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71,094 |
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5.7 |
% |
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25,508 |
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2.7 |
% |
Total gross written premiums |
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$ |
630,456 |
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100.0 |
% |
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$ |
496,288 |
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100.0 |
% |
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$ |
1,260,284 |
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100.0 |
% |
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$ |
938,452 |
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100.0 |
% |
(1)Beginning in 2026, the Company has updated the categorization of its products to align with management’s current strategy and view of the business. Prior year amounts have been reclassified for comparability purposes. The recategorization is for presentation purposes only and does not impact overall gross written premiums. Gross written premiums by state are as follows:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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($ in thousands) |
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($ in thousands) |
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% of |
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% of |
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% of |
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% of |
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Amount |
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GWP |
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Amount |
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GWP |
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Amount |
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GWP |
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Amount |
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GWP |
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State |
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California |
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$ |
165,306 |
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26.2 |
% |
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$ |
163,814 |
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33.0 |
% |
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$ |
322,925 |
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25.6 |
% |
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$ |
303,536 |
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32.3 |
% |
Texas |
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61,497 |
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9.7 |
% |
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35,708 |
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7.2 |
% |
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125,081 |
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9.9 |
% |
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80,699 |
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8.6 |
% |
Florida |
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34,462 |
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5.5 |
% |
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23,979 |
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4.8 |
% |
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64,350 |
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5.1 |
% |
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42,621 |
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4.5 |
% |
Hawaii |
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27,259 |
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4.3 |
% |
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24,544 |
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4.9 |
% |
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50,104 |
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4.0 |
% |
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44,901 |
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4.8 |
% |
New York |
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26,971 |
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4.3 |
% |
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17,462 |
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3.5 |
% |
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51,454 |
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4.1 |
% |
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32,857 |
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3.5 |
% |
Washington |
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18,207 |
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2.9 |
% |
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17,188 |
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3.5 |
% |
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37,406 |
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3.0 |
% |
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32,059 |
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3.4 |
% |
Illinois |
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18,179 |
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2.9 |
% |
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13,048 |
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2.7 |
% |
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25,271 |
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2.0 |
% |
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18,637 |
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2.0 |
% |
Minnesota |
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15,644 |
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2.5 |
% |
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12,004 |
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2.4 |
% |
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17,656 |
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1.4 |
% |
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13,042 |
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1.4 |
% |
Other |
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262,931 |
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41.7 |
% |
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188,541 |
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38.0 |
% |
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566,037 |
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44.9 |
% |
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370,100 |
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39.5 |
% |
Total gross written premiums |
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$ |
630,456 |
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100.0 |
% |
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$ |
496,288 |
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100.0 |
% |
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$ |
1,260,284 |
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100.0 |
% |
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$ |
938,452 |
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100.0 |
% |
Gross written premiums by insurance subsidiary are as follows:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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|
2026 |
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|
2025 |
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|
2026 |
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|
2025 |
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($ in thousands) |
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($ in thousands) |
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% of |
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% of |
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% of |
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% of |
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Amount |
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GWP |
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Amount |
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GWP |
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Amount |
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GWP |
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Amount |
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GWP |
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Subsidiary |
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PESIC |
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$ |
304,276 |
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48.3 |
% |
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$ |
237,943 |
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47.9 |
% |
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$ |
574,346 |
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45.6 |
% |
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$ |
428,730 |
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45.7 |
% |
PSIC |
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278,176 |
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44.1 |
% |
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232,983 |
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46.9 |
% |
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601,929 |
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47.8 |
% |
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463,900 |
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49.4 |
% |
Laulima |
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23,407 |
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3.7 |
% |
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20,134 |
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4.1 |
% |
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42,078 |
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3.3 |
% |
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36,171 |
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3.9 |
% |
PCSC |
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21,558 |
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3.4 |
% |
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— |
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— |
% |
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33,979 |
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2.7 |
% |
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— |
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— |
% |
FIA |
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3,039 |
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0.5 |
% |
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5,228 |
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1.1 |
% |
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|
7,952 |
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0.6 |
% |
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|
9,651 |
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|
1.0 |
% |
Total gross written premiums |
|
$ |
630,456 |
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|
|
100.0 |
% |
|
$ |
496,288 |
|
|
|
100.0 |
% |
|
$ |
1,260,284 |
|
|
|
100.0 |
% |
|
$ |
938,452 |
|
|
|
100.0 |
% |
|