Reinsurance (Tables)

6 Months Ended

Jun. 30, 2026

Reinsurance Disclosures [Abstract]

Summary of Premium Received and Capital at Risk

The table below outlines the participation of Shoreline Re for each program, including premium collected and capital at risk.


Treaty		Effective Dates		Premium Collected(1) / Cession Rate				Capital at Risk(1)(2)
Quota Share Agreement		06/01/2026 - 05/31/2027		45%				$	33,041,000		(3)
Quota Share Agreement		06/01/2025 - 05/31/2026		45%(4)				$	33,346,000		(3)
Quota Share Agreement(5)		06/01/2024 - 05/31/2026		30%(4)				$	4,200,000		(3)
Excess Per Risk Agreement		02/01/2024 - 01/31/2025			1,867,000				633,000
All Other Perils Catastrophe		01/01/2025 -
Excess of Loss Agreement		12/31/2025			1,296,000				2,304,000

(1) Presented in ones.

(2) Capital at risk is calculated by taking the aggregate losses Shoreline Re is subject to under the contract, less net premiums earned under the contract.

(3) Net premiums earned based on estimated subject premiums at treaty inception.

(4) This treaty provides or provided coverage for all catastrophe perils and attritional losses incurred. For all catastrophe perils, the quota share agreement provides or provided ground-up protection, effectively reducing our retention for catastrophe losses.

(5) This treaty was commuted on June 1, 2025 with no impact on our consolidated results.

Schedule of External Quota Share Agreements

The table below outlines the Company's external quota share agreements in effect for the six months ended June 30, 2026 and 2025.


Reinsurer		Companies in Scope		Effective Dates		Cession Rate		States in Scope
External third-party		AmCoastal		06/01/2026 - 05/31/2028		15%(1)		Florida
External third-party		AmCoastal		06/01/2024 - 05/31/2026		20%(1)(2)		Florida

(1) This treaty provides or provided coverage for all catastrophe perils and attritional losses incurred. For all catastrophe perils, the quota share agreement provides or provided ground-up protection, effectively reducing the Company's retention for catastrophe losses.

(2) The cession rate of this treaty was reduced from 20% to 15% effective June 1, 2025.

Reinsurance Recoverables

Reinsurance recoverable at the balance sheet dates consists of the following:


		June 30, 2026				December 31, 2025
Reinsurance recoverable on unpaid losses and loss adjustment expenses		$	72,117			$	116,772
Reinsurance recoverable on paid losses and loss adjustment expenses			45,318				11,433
Reinsurance recoverable(1)		$	117,435			$	128,205

(1) The Company's reinsurance recoverable balance is net of its allowance for expected credit losses. More information related to this allowance can be found in Note 17.