v3.26.1
Segment Reporting - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Net earned premiums $ 113,775 $ 86,928 $ 218,986 $ 165,229
Fee income 3,432 1,524 5,654 2,084
Net investment income 12,662 11,891 24,704 19,786
Net realized and unrealized gains (losses) on investments 18,591 1,409 28,056 (3,190)
Other income 24 28 48 993
Total revenues 148,484 101,780 277,448 184,902
Expenses        
Losses and loss adjustment expenses 66,503 50,412 128,383 97,274
Policy acquisition costs 20,370 16,088 38,913 30,820
Operating expenses 14,296 12,342 28,032 22,495
Interest expense 4 447 8 894
Other expenses 872 161 1,444 399
Total expenses 102,045 79,450 196,780 151,882
Income before income taxes 46,439 22,330 80,668 33,020
Income tax expense 9,267 4,713 16,320 6,953
Net income 37,172 17,617 64,348 26,067
Less: Net income (loss) attributable to non-controlling interest - General Partner 3,721 (5) 5,431 (16)
Net income attributable to stockholders 33,451 17,622 58,917 26,083
Operating Segments | Reportable Segment        
Revenues        
Net earned premiums 113,775 86,928 218,986 165,229
Fee income 3,432 1,524 5,654 2,084
Net investment income 12,662 11,891 24,704 19,786
Net realized and unrealized gains (losses) on investments 18,591 1,409 28,056 (3,190)
Other income 24 28 48 993
Total revenues 148,484 101,780 277,448 184,902
Expenses        
Losses and loss adjustment expenses 66,503 50,412 128,383 97,274
Policy acquisition costs 20,370 16,088 38,913 30,820
Operating expenses 14,296 12,342 28,032 22,495
Interest expense 4 447 8 894
Other expenses 872 161 1,444 399
Total expenses 102,045 79,450 196,780 151,882
Income before income taxes 46,439 22,330 80,668 33,020
Income tax expense 9,267 4,713 16,320 6,953
Net income 37,172 17,617 64,348 26,067
Less: Net income (loss) attributable to non-controlling interest - General Partner 3,721 (5) 5,431 (16)
Net income attributable to stockholders 33,451 17,622 58,917 26,083
Adjustments and reconciling items | Reportable Segment        
Expenses        
Net income attributable to stockholders $ 0 $ 0 $ 0 $ 0