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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 98,769 $ 80,897
Adjustments to reconcile net income to net cash provided by operating activities 85,398 104,043
Net cash provided by operating activities 184,167 184,940
Cash flows from investing activities:    
Net cash paid in acquisition (303,035) (2,000)
Purchase of fixed maturity securities, available-for-sale (480,843) (405,609)
Purchase of equity securities 0 (12,626)
Purchase of equity method investments and other long-term investments (485) (2,839)
Investment in direct and indirect loans 3,164 13,435
Purchase of property and equipment (965) (1,287)
Proceeds from the sales of fixed maturity securities, available-for-sale 237,986 25,524
Maturities, calls, transfers and paydowns of fixed maturity securities, available-for-sale 108,571 60,628
Maturities, calls and paydowns of fixed maturity securities held-to-maturity 1,695 3,459
Proceeds from the sales of equity securities 0 67,495
Sales of and distributions from equity method and other long-term investments 16,469 8,730
Change in short-term investments 58,611 60,606
Change in receivable/payable for securities (15,762) 0
Cash (used in) provided by deposit accounting (8,026) 15,183
Net cash used in investing activities (382,620) (169,301)
Cash flows from financing activities:    
Proceeds from issuance of common stock 200 0
Proceeds from long term borrowings 371,089 0
Payments on long term borrowings (50,000) 0
Treasury stock acquired (19,427) 0
Net cash provided by financing activities 301,862 0
Net increase in cash and cash equivalents and restricted cash 103,409 15,639
Cash and cash equivalents and restricted cash at beginning of period [1] 199,114 157,525
Cash and cash equivalents and restricted cash at end of period [1] 302,523 173,164
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 14,013 $ 3,234
[1]
(1) The sum of cash and cash equivalents and restricted cash from the consolidated balance sheets