For the three months ended June 30, 2026 and 2025, the Company allocated earned ceding commission income of

$13,197 and $16,992 to policy acquisition costs, respectively, and $13,786 and $21,953 to general and

administrative expenses, respectively. For the six months ended June 30, 2026 and 2025, the Company allocated

earned ceding commission income of $26,124 and $31,796 to policy acquisition costs, respectively, and $26,708 and


	Three Months Ended June 30, 2026
	DPAC, excluding unearned ceding commission	Unearned ceding commission	Total
DPAC, beginning of period	$59,189	$(49,964)	$9,225
Policy acquisition costs deferred during the period:
Producer commissions	35,635	—	35,635
Premium taxes	5,421	—	5,421
Other acquisition costs	3,178	—	3,178
Ceding commissions	—	(26,509)	(26,509)
Total policy acquisition costs	44,234	(26,509)	17,725
Amortization	(31,520)	26,984	(4,536)
DPAC, end of period	$71,903	$(49,489)	$22,414


	Three Months Ended June 30, 2025
	DPAC, excluding unearned ceding commission	Unearned ceding commission	Total
DPAC, beginning of period	$43,450	$(70,286)	$(26,836)
Policy acquisition costs deferred during the period:
Producer commissions	29,118	—	29,118
Premium taxes	5,032	—	5,032
Other acquisition costs	2,674	—	2,674
Ceding commissions	—	(52,123)	(52,123)
Total policy acquisition costs	36,824	(52,123)	(15,299)
Amortization	(23,676)	38,945	15,269
DPAC, end of period	$56,598	$(83,464)	$(26,866)


	Six Months Ended June 30, 2026
	DPAC, excluding unearned ceding commission	Unearned ceding commission	Total
DPAC, beginning of period	$58,810	$(53,683)	$5,127
Policy acquisition costs deferred during the period:
Producer commissions	59,855	—	59,855
Premium taxes	8,519	—	8,519
Other acquisition costs	5,925	—	5,925
Ceding commissions	—	(48,637)	(48,637)
Total policy acquisition costs	74,299	(48,637)	25,662
Amortization	(61,206)	52,831	(8,375)
DPAC, end of period	$71,903	$(49,489)	$22,414


	Six Months Ended June 30, 2025
	DPAC, excluding unearned ceding commission	Unearned ceding commission	Total
DPAC, beginning of period	$38,803	$(70,734)	$(31,931)
Policy acquisition costs deferred during the period:
Producer commissions	47,204	—	47,204
Premium taxes	7,696	—	7,696
Other acquisition costs	5,164	—	5,164
Ceding commissions	—	(90,341)	(90,341)
Total policy acquisition costs	60,064	(90,341)	(30,277)
Amortization	(42,269)	77,611	35,342
DPAC, end of period	$56,598	$(83,464)	$(26,866)