| Schedule of Effects of Reinsurance |
The following tables set forth the effects of reinsurance on written and earned premiums and losses and loss adjustment expenses for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | | 2026 | | 2025 | | ($ in thousands) | | Written | | Earned | | Written | | Earned | | Direct premiums | | $ | 558,375 | | | $ | 529,263 | | | $ | 461,081 | | | $ | 392,777 | | | Assumed premiums | | 182,179 | | | 144,737 | | | 123,833 | | | 86,420 | | | Ceded premiums | | (254,938) | | | (229,528) | | | (245,701) | | | (183,655) | | | Net premiums | | $ | 485,616 | | | $ | 444,472 | | | $ | 339,213 | | | $ | 295,542 | | | Ceded losses and LAE incurred | | | | $ | 183,466 | | | | | $ | 138,438 | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, | | | | | | | 2026 | | 2025 | | | | ($ in thousands) | | Written | | Earned | | Written | | Earned | | | | | | Direct premiums | | $ | 1,065,509 | | | $ | 1,044,752 | | | $ | 869,391 | | | $ | 778,215 | | | | | | | Assumed premiums | | 342,749 | | | 294,293 | | | 250,849 | | | 165,147 | | | | | | | Ceded premiums | | (489,759) | | | (460,566) | | | (437,756) | | | (347,454) | | | | | | | Net premiums | | $ | 918,499 | | | $ | 878,479 | | | $ | 682,484 | | | $ | 595,908 | | | | | | | Ceded losses and LAE incurred | | | | $ | 336,039 | | | | | $ | 273,905 | | | | | | | | | | | | | | | | | | |
|
| Schedule of Ceded Credit Risk |
The following table sets forth the components of reinsurance recoverables and ceded unearned premium as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | June 30, 2026 | | December 31, 2025 | | Ceded unpaid losses and LAE | | $ | 1,162,484 | | | $ | 921,165 | | | Ceded paid losses and LAE | | 251,459 | | | 201,010 | | | | | | | | Allowance for credit losses | | (2,295) | | | (2,295) | | | Reinsurance recoverables | | $ | 1,411,648 | | | $ | 1,119,880 | | | Ceded unearned premium | | $ | 337,180 | | | $ | 238,948 | | | | | | |
|