v3.26.3
FAIR VALUE MEASUREMENTS
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
Assets measured at fair value on a nonrecurring basis

At September 30, 2026, the Company held $51.1 million (December 31, 2025: $53.3 million) of private equities measured at fair value on a nonrecurring basis. At September 30, 2026, the Company held $13.9 million (December 31, 2025: $9.6 million) of private equities measured at cost. The Company classifies these investments as Level 3 within the fair value hierarchy.

The following table summarizes the periods between the most recent fair value measurement dates and September 30, 2026, for the private equities measured at fair value on a nonrecurring basis:
Less than 6 months6 to 12 monthsOver 1 yearTotal
Fair values measured on a nonrecurring basis$19,290 $6,948 $24,826 $51,064 

Assets measured at fair value on a recurring basis

Fixed maturity investments

The following table summarizes the fair value hierarchy for the Company’s fixed maturity portfolio.

At September 30, 2026Level 1Level 2Level 3Total
U.S. government and government agencies$25,879 $12,632 $— $38,511 
Agency RMBS— 24,373 — 24,373 
Corporate bonds— 31,987 — 31,987 
ABS— 3,005 — 3,005 
Total$25,879 $71,997 $— $97,876 

Financial Instruments Disclosed, But Not Carried, at Fair Value
At September 30, 2026, the carrying value of private debt securities (see Note 5) and the outstanding debt under the Revolving Credit Facility approximates their fair values. The Company classifies these financial instruments as Level 2 within the fair value hierarchy.