Reinsurance (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Effect of Ceded Reinsurance on Net Premiums Written and Earned and on Net Loss and LAE

The effect of ceded reinsurance on net premiums written and earned and on net loss and LAE for the six months ended June 30, 2026 and 2025 was as follows:


For the Six Months Ended June 30,	2026		2025
Premiums written
Direct	$	1,287	$	1,379
Assumed	2,804		(283)
Ceded	(1)		(1)
Net	$	4,090	$	1,095
Premiums earned
Direct	$	1,466	$	1,384
Assumed	5,195		1,039
Ceded	(30)		(1)
Net	$	6,631	$	2,422
Loss and LAE
Gross loss and LAE	$	3,811	$	(6,171)
Loss and LAE ceded	(41)		210
Net	$	3,770	$	(5,961)

Schedule of Allowance for Expected Credit Losses on Reinsurance Recoverable

The following table provides a reconciliation of the beginning and ending balances of the allowance for expected credit losses on reinsurance recoverable for the three and six months ended June 30, 2026 and 2025, respectively:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2026		2025		2026		2025
Allowance for expected credit losses on reinsurance recoverable, beginning of period	$	1,930	$	—	$	1,740	$	—
Expected credit losses on acquired recoverables under the Combination	—		1,655		—		1,655
Decrease in allowance for expected credit losses on reinsurance recoverable where credit losses were previously recognized	(317)		—		(127)		—

Allowance for expected credit losses on reinsurance recoverable, end of period	$	1,613	$	1,655	$	1,613	$	1,655