v3.26.1
Insurance and Construction Defect Claim Reserves (Tables)
6 Months Ended
Jun. 30, 2026
Insurance [Abstract]  
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense
The following table summarizes our self-insured retention for construction defect claims for the three and six months ended June 30, 2026 and 2025. These reserves are included as a component of accrued and other liabilities in the homebuilding section of the consolidated balance sheets.
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
(Dollars in thousands)
Balance at beginning of period$24,314 $24,070 $24,673 $24,389 
Expense provisions233 497 457 943 
Cash payments, net of recoveries(626)(787)(1,209)(1,552)
Adjustments— — — — 
Balance at end of period$23,921 $23,780 $23,921 $23,780 
The following table summarizes our insurance reserves associated with Allegiant and StarAmerican for the three and six months ended June 30, 2026 and 2025. All insurance reserves associated with Allegiant were transferred to StarAmerican effective September 30, 2025. These reserves are included as a component of accounts payable and accrued liabilities in the financial services section of the consolidated balance sheet.
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
(Dollars in thousands)
Balance at beginning of period$100,349 $97,494 $100,835 $96,851 
Expense provisions2,922 4,020 5,734 7,483 
Cash payments, net of recoveries(871)(3,638)(4,169)(6,458)
Adjustments— — — — 
Balance at end of period$102,400 $97,876 $102,400 $97,876