v3.26.3
Investments - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
May 21, 2026
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Apr. 01, 2026
Dec. 31, 2025
Dec. 31, 2024
Net Investment Income [Line Items]                
Management fees   $ 16,432 $ 13,889 $ 46,544 $ 40,574      
Restricted cash and cash equivalents   129,300   129,300     $ 109,731  
Cash, cash equivalents and restricted cash   1,313,618 1,065,217 1,313,618 1,065,217   1,172,090 $ 1,100,852
Cash and cash equivalents   1,184,318   1,184,318     1,062,359  
Capital Requirements | Asset Pledged as Collateral                
Net Investment Income [Line Items]                
Investments, fair value   283,200   283,200     263,100  
Restricted cash and cash equivalents   5,500   5,500     1,400  
Trust Accounts | Asset Pledged as Collateral                
Net Investment Income [Line Items]                
Investments, fair value   279,300   279,300     265,000  
Restricted cash and cash equivalents   2,200   2,200     2,100  
Underwriting Obligations | Asset Pledged as Collateral                
Net Investment Income [Line Items]                
Investments, fair value   78,600   78,600     90,400  
Restricted cash and cash equivalents   121,600   121,600     106,200  
TS Hamilton Fund                
Net Investment Income [Line Items]                
Management fee percentage 2.50%              
Management fees   15,700 13,300 44,300 38,700      
Incentive allocation 30.00%              
Incentive allocation, reduction (as a percent) 50.00%              
Incentive allocation, cumulative net profits (as a percent) 200.00%              
Incentive allocation, excess profits (as a percent) 25.00%              
Incentive allocation, net profits (as a percent) 10.00%              
Incentive allocation expense (income)   146,700 $ 40,200 341,200 $ 221,000      
Cash and cash equivalents   $ 528,992   $ 528,992     $ 648,726  
TS Hamilton Fund | Hamilton Re | Sub-Series A Interests                
Net Investment Income [Line Items]                
Capital account withdrawal, notice period 55 days              
TS Hamilton Fund | Hamilton Re | Sub-Series B Interests                
Net Investment Income [Line Items]                
Capital account withdrawal, notice period 6 months              
Maximum monthly withdrawal           8.33%    
Two Sigma Hamilton Fund, LLC | Hamilton Re                
Net Investment Income [Line Items]                
Commitment for investment in Two Sigma Funds $ 1,800,000              
Investment in Two Sigma Funds, as a percentage of net tangible assets 60.00%