The following table shows the breakdown of reinsurance balances receivable:
| | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | Amount | | % | | Amount | | % | | Premiums receivable | $ | 311,413 | | | 45.6 | % | | $ | 246,533 | | | 37.1 | % | | | | | | | | | | Funds withheld: | | | | | | | | Premiums held by Lloyd's syndicates | 328,337 | | | 48.0 | | | 336,216 | | | 50.6 | | | Funds held by cedants | 34,863 | | | 5.1 | | | 32,337 | | | 4.9 | | | Funds at Lloyd’s | 17 | | | — | | | 44,185 | | | 6.7 | | | | | | | | | | | Profit commission receivable | 10,082 | | | 1.5 | | | 6,459 | | | 1.0 | | | | | | | | | | | Total before provision | 684,712 | | | 100.2 | | | 665,730 | | | 100.2 | | | Provision for expected credit losses | (1,349) | | | (0.2) | | | (1,349) | | | (0.2) | | | Reinsurance balances receivable, net | $ | 683,363 | | | 100.0 | % | | $ | 664,381 | | | 100.0 | % |
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