Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
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| Revenues | ||||
| Gross premiums written | $ 819,702 | $ 698,845 | $ 2,590,854 | $ 2,254,177 |
| Reinsurance premiums ceded | (192,980) | (119,864) | (688,777) | (515,008) |
| Net premiums written | 626,722 | 578,981 | 1,902,077 | 1,739,169 |
| Net change in unearned premiums | (35,448) | (55,982) | (154,280) | (206,079) |
| Net premiums earned | 591,274 | 522,999 | 1,747,797 | 1,533,090 |
| Net realized and unrealized gains (losses) on investments | 208,526 | 115,136 | 587,458 | 571,964 |
| Net investment income (loss) | 26,615 | 22,727 | 77,084 | 62,721 |
| Total net realized and unrealized gains (losses) on investments and net investment income (loss) | 235,141 | 137,863 | 664,542 | 634,685 |
| Other income (loss) | 2,812 | 4,169 | 13,466 | 13,845 |
| Net foreign exchange gains (losses) | (1,188) | 2,619 | 719 | (4,422) |
| Total revenues | 828,039 | 667,650 | 2,426,524 | 2,177,198 |
| Expenses | ||||
| Losses and loss adjustment expenses | 366,726 | 278,712 | 1,053,000 | 943,875 |
| Acquisition costs | 150,972 | 125,412 | 440,902 | 365,108 |
| General and administrative expenses | 74,958 | 74,302 | 203,353 | 205,832 |
| Amortization of intangible assets | 3,762 | 4,000 | 11,482 | 11,895 |
| Interest expense | 4,801 | 4,933 | 14,339 | 15,264 |
| Total expenses | 601,219 | 487,359 | 1,723,076 | 1,541,974 |
| Income (loss) before income tax | 226,820 | 180,291 | 703,448 | 635,224 |
| Income tax expense (benefit) | (1,363) | 3,866 | 3,430 | 9,748 |
| Net income (loss) | 228,183 | 176,425 | 700,018 | 625,476 |
| Net income (loss) attributable to non-controlling interest | 146,727 | 40,225 | 341,242 | 220,990 |
| Net income (loss) and other comprehensive income (loss) attributable to common shareholders | $ 81,456 | $ 136,200 | $ 358,776 | $ 404,486 |
| Per share data | ||||
| Basic income (loss) per share attributable to common shareholders (in dollars per share) | $ 0.82 | $ 1.37 | $ 3.62 | $ 4.01 |
| Diluted income (loss) per share attributable to common shareholders (in dollars per share) | $ 0.81 | $ 1.32 | $ 3.54 | $ 3.88 |
| X | ||||||||||
- Definition Gain (Loss) On Investments And Net Investment Income No definition available.
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| X | ||||||||||
- Definition Amount of amortization expense for finite-lived intangible asset. Excludes goodwill and capitalized cost for software to be sold, leased, or marketed. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of written premiums ceded to other entities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of amortization expense (reversal of expense) for deferred policy acquisition costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of decrease (increase) in unearned premiums. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount, after effects of reinsurance, of expense (reversal of expense) for claims incurred and costs incurred in the claim settlement process. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after income tax of income (loss) including the portion attributable to nonredeemable noncontrolling interest. Excludes the portion attributable to redeemable noncontrolling interest recognized as temporary equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of direct and assumed premiums written. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums written. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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