v3.26.1
Reinsurance
6 Months Ended
Jun. 30, 2026
Insurance [Abstract]  
Reinsurance Reinsurance
The following table presents reinsurance premiums written and earned and loss reserves, commissions, and broker fees:
Three months endedSix months ended
June 30,June 30,
2026202520262025
Premiums written:
Assumed$59,131 55,798 103,902 110,404 
Ceded(17,159)(16,916)(32,009)(36,965)
Net premiums written$41,972 38,882 71,893 73,439 
Premiums earned:
Assumed$55,467 44,079 95,792 91,803 
Ceded(14,842)(17,967)(32,631)(41,004)
Net premiums earned$40,625 26,112 63,161 50,799 
Loss reserve, commissions, and broker fees:
Assumed$46,312 45,100 86,287 87,741 
Ceded(13,503)(19,438)(29,873)(39,867)
Reinsurance losses and underwriting expenses$32,809 25,662 56,414 47,874 
The Company’s loss reserve balance, net of amounts ceded to reinsurers, was $92.1 million and $72.3 million as of June 30, 2026 and December 31, 2025, respectively, which is included in "other liabilities" on the consolidated balance sheets.