v3.26.3
Underwriting, Acquisition and Insurance Expenses
 9 Months Ended
Sep. 30, 2026
Underwriting, Acquisition and Insurance Expenses [Abstract]  
Underwriting, acquisition and insurance expenses Underwriting, Acquisition and Insurance Expenses
Underwriting, acquisition and insurance expenses for the three and nine months ended September 30, 2026 and 2025 consist of the following:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
(in thousands)
Underwriting, acquisition and insurance expenses incurred:
Direct commissions$73,202 $73,496 $217,800 $212,428 
Ceding commissions(22,080)(28,221)(72,566)(91,746)
Other underwriting expenses44,307 43,148 131,600 124,250 
Total$95,429 $88,423 $276,834 $244,932 
Other underwriting expenses within underwriting, acquisition and insurance expenses include salaries, bonuses and employee benefits expenses of $33.1 million and $33.3 million for the three months ended September 30, 2026 and 2025, respectively and $99.1 million and $95.0 million for the nine months ended September 30, 2026 and September 30, 2025, respectively.