v3.26.1
Reinsurance (Tables)
6 Months Ended
Jun. 30, 2026
Reinsurance [Abstract]  
Schedule of Reconciliation of Direct to Net Premiums on both a Written and an Earned Basis

A reconciliation of direct to net premiums on both a written and an earned basis is as follows:

 

    Three Months Ended June 30, 2026     Three Months Ended June 30, 2025  
    Premiums Written     Premiums Earned     Premiums Written     Premiums Earned  
Direct premium   $ 103,013     $ 71,104     $ 109,519     $ 82,542  
Assumed premium     4,178       2,619       2,309       696  
Ceded premium     (13,386 )     (8,706 )     (18,518 )     (10,233 )
Net premiums   $ 93,805     $ 65,017     $ 93,310     $ 73,005  

 

    Six Months Ended June 30, 2026     Six Months Ended June 30, 2025  
    Premiums Written     Premiums Earned     Premiums Written     Premiums Earned  
Direct premium   $ 158,542     $ 129,495     $ 177,247     $ 154,704  
Assumed premium     6,161       4,602       2,347       735  
Ceded premium     (18,647 )     (13,967 )     (23,222 )     (14,937 )
Net premiums   $ 146,056     $ 120,130     $ 156,372     $ 140,502  
Schedule of Direct to Net Losses and Loss Adjustment Expenses

A reconciliation of direct to net losses and loss adjustment expenses is as follows:

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2026     2025     2026     2025  
Direct losses and loss adjustment expenses   $ 49,836     $ 109,382     $ 73,905     $ 149,761  
Assumed losses and loss adjustment expenses     2,388       284       2,509       51  
Ceded losses and loss adjustment expenses     (3,807 )     (43,059 )     (4,641 )     (44,680 )
Net losses and loss adjustment expenses   $ 48,417     $ 66,607     $ 71,773     $ 105,132