v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Investments    
Investment in related party investment fund, at fair value $ 487,385 $ 504,555
Fixed maturity investments, at fair value 178,905 65,609
Other investments 65,452 62,911
Total investments 731,742 633,075
Cash and cash equivalents 70,982 111,756
Restricted cash and cash equivalents 511,983 531,976
Reinsurance balances receivable 683,363 664,381
Reinsurance recoverable on unpaid loss and loss adjustment expenses 118,361 81,392
Deferred acquisition costs 98,506 99,954
Unearned premiums ceded 66,849 39,223
Other assets 8,788 8,026
Total assets 2,290,574 2,169,783
Liabilities    
Loss and loss adjustment expense reserves 1,024,891 967,960
Unearned premium reserves 401,152 361,704
Reinsurance balances payable 109,704 95,853
Funds withheld 43,734 16,105
Other liabilities 11,778 15,460
Debt 4,768 4,724
Total liabilities 1,596,027 1,461,806
Commitments and Contingencies (Note 16)
Shareholders' equity    
Preferred share capital (par value $0.10; none issued) 0 0
Ordinary share capital (par value $0.10; issued and outstanding, xxx) (2025: par value $0.10; issued and outstanding, xxx) 3,246 3,390
Additional paid-in capital 456,236 478,910
Retained earnings 235,065 225,677
Total shareholders' equity 694,547 707,977
Total liabilities and equity $ 2,290,574 $ 2,169,783
Preferred share capital, par value (in dollars per share) $ 0.10 $ 0.10