v3.26.1
Reinsurance (Tables)
 6 Months Ended
Jun. 30, 2026
Reinsurance Disclosures [Abstract]  
Schedule of Effects of Reinsurance The effects of reinsurance on premiums written and earned were as follows:
Three Months Ended June 30,
2026
2025
Written
Earned
Written
Earned
Direct premiums
$326,416
$234,415
$270,741
$179,515
Assumed Premiums
176
7,836
16,254
44,225
Gross Premiums
326,592
242,251
286,995
223,740
Ceded premiums
(507,923)
(137,555)
(549,916)
(157,571)
Net premiums
$(181,331)
$104,696
$(262,921)
$66,169
Six Months Ended June 30,
2026
2025
Written
Earned
Written
Earned
Direct premiums
$545,256
$452,419
$451,666
$346,286
Assumed Premiums
1,340
20,604
47,479
87,610
Gross Premiums
546,596
473,023
499,145
433,896
Ceded premiums
(546,331)
(286,119)
(608,670)
(302,325)
Net premiums
$265
$186,904
$(109,525)
$131,571
The Company’s reinsurance arrangements affected certain items in the condensed consolidated statements of
operations and comprehensive income for the three and six months ended June 30, 2026 and 2025 by the following
amounts:
Three Months Ended June 30,
2026
2025
Ceded premiums earned
$(137,555)
$(157,571)
Ceded losses and loss adjustment expenses incurred
(2,276)
21,189
Ceded policy acquisition expenses
26,983
6,281
Six Months Ended June 30,
2026
2025
Ceded premiums earned
$(286,119)
$(302,325)
Ceded losses and loss adjustment expenses incurred
9,043
42,051
Ceded policy acquisition expenses
52,831
9,388