v3.26.1
Investments (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Estimated Fair Value of Available-For-Sale Securities The amortized cost and estimated fair value of available-for-sale securities were as follows:
June 30, 2026
Amortized
Cost
Allowance
for Credit
Loss
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
U.S. Treasury and U.S. government agencies
$30,701
$—
$1
$(32)
$30,670
Corporate debt securities
182,207
—
107
(323)
181,991
Asset-backed securities
134,081
—
266
(581)
133,766
Total fixed maturity securities
346,989
—
374
(936)
346,427
Short-term investments
4,739
—
—
(1)
4,738
Total available-for-sale investments
$351,728
$—
$374
$(937)
$351,165
December 31, 2025
Amortized
Cost
Allowance
for Credit
Loss
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
U.S. Treasury and U.S. government agencies
$30,646
$—
$76
$—
$30,722
Corporate debt securities
205,109
—
1,793
(103)
206,799
Asset-backed securities
92,155
—
826
(13)
92,968
Total fixed maturity securities
327,910
—
2,695
(116)
330,489
Short-term investments
18,121
—
1
(1)
18,121
Total available-for-sale investments
$346,031
$—
$2,696
$(117)
$348,610
Schedule of Aggregate Estimated Fair Values of Available-For-Sale Securities with Unrealized Losses A summary of the aggregate estimated fair values of available-for-sale securities with unrealized losses segregated
by time period in an unrealized loss position is as follows:
June 30, 2026
Less than 12 months
12 months or greater
Total
Estimated
Fair Value
Unrealized
losses
Estimated
Fair Value
Unrealized
losses
Estimated
Fair Value
Unrealized
losses
U.S. Treasury and U.S. government
agencies
$3,954
$(23)
$19,726
$(9)
$23,680
$(32)
Corporate debt securities
23,843
(126)
73,054
(197)
96,897
(323)
Asset-backed securities
61,677
(505)
23,280
(76)
84,957
(581)
Short-term investments
2,698
(1)
—
—
2,698
(1)
Total
$92,172
$(655)
$116,060
$(282)
$208,232
$(937)
December 31, 2025
Less than 12 months
12 months or greater
Total
Estimated
Fair Value
Unrealized
losses
Estimated
Fair Value
Unrealized
losses
Estimated
Fair Value
Unrealized
losses
Corporate debt securities
$134,892
$(19)
$71,907
$(84)
$206,799
$(103)
Asset-backed securities
78,644
(12)
14,324
(1)
92,968
(13)
Short-term investments
18,121
(1)
—
—
18,121
(1)
Total
$231,657
$(32)
$86,231
$(85)
$317,888
$(117)
Schedule of Amortized Cost and Estimated Fair Value from Contractual Maturities A summary of the amortized cost and estimated fair value of available-for-sale securities at June 30, 2026, by
contractual maturity is as follows. The expected maturities may differ from the contractual maturities because
certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties.
Amortized Cost
Estimated Fair
Value
Years to maturity
Government and corporate securities:
Due in one year or less
$96,833
$96,790
Due after one year through five years
120,814
120,609
Due after five years through 10 years
—
—
Due after 10 years
—
—
Other securities, which provide for periodic payments:
Asset-backed securities
134,081
133,766
Total
$351,728
$351,165
Schedule of Company's Net Investment Income The following table presents components of the Company’s net investment income as follows:
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Fixed maturities, available-for-sale
$3,955
$2,139
$7,789
$4,270
Short-term investments
31
—
149
—
Cash and cash equivalents
2,454
2,847
4,362
4,962
Gross investment income
6,440
4,986
12,300
9,232
Investment expenses
(190)
(206)
(398)
(349)
Net investment income
$6,250
$4,780
$11,902
$8,883