v3.26.3
Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Beginning balance at Dec. 31, 2024   $ 25 $ 215,851 $ 620,436 $ (54,781)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock based compensation     5,782    
Net income (loss) $ 79,837     79,837  
Dividends on common stock [1]       (12,223)  
Foreign currency translation adjustment, tax impact       0  
Change in net unrealized investment gain (loss) [2]         43,727
Change in liability for underfunded employee benefit plans [2]         (1,716)
Foreign currency translation adjustment 2,244       1,773 [2]
Ending balance at Sep. 30, 2025 898,711 $ 25 221,633 688,050 (10,997)
Balance, beginning (in shares) at Dec. 31, 2024   25,378,291      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock based compensation (in shares)   136,038      
Balance, ending (in shares) at Sep. 30, 2025   25,514,329      
Beginning balance at Jun. 30, 2025   $ 25 218,332 653,026 (25,715)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock based compensation     3,301    
Net income (loss) 39,190     39,190  
Dividends on common stock [1]       (4,082)  
Foreign currency translation adjustment, tax impact       (84)  
Change in net unrealized investment gain (loss) [2]         16,223
Change in liability for underfunded employee benefit plans [2]         (572)
Foreign currency translation adjustment (462)       (933) [2]
Ending balance at Sep. 30, 2025 898,711 $ 25 221,633 688,050 (10,997)
Balance, beginning (in shares) at Jun. 30, 2025   25,490,995      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock based compensation (in shares)   23,334      
Balance, ending (in shares) at Sep. 30, 2025   25,514,329      
Beginning balance at Dec. 31, 2025 941,170 $ 25 223,887 722,321 (5,063)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock based compensation   1 5,539    
Net income (loss) 98,502     98,502  
Dividends on common stock [1]       (15,559)  
Change in net unrealized investment gain (loss) [2]         (88,655)
Change in liability for underfunded employee benefit plans [2]         (1,716)
Foreign currency translation adjustment (491)       (388) [2]
Ending balance at Sep. 30, 2026 $ 938,894 $ 26 229,426 805,264 (95,822)
Balance, beginning (in shares) at Dec. 31, 2025 25,522,051 25,522,051      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock based compensation (in shares)   196,998      
Balance, ending (in shares) at Sep. 30, 2026 25,719,049 25,719,049      
Beginning balance at Jun. 30, 2026   $ 26 226,951 775,379 (25,019)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock based compensation     2,475    
Net income (loss) $ 35,085     35,085  
Dividends on common stock [1]       (5,200)  
Change in net unrealized investment gain (loss) [2]         (70,255)
Change in liability for underfunded employee benefit plans [2]         (572)
Foreign currency translation adjustment 30       24 [2]
Ending balance at Sep. 30, 2026 $ 938,894 $ 26 $ 229,426 $ 805,264 $ (95,822)
Balance, beginning (in shares) at Jun. 30, 2026   25,704,420      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock based compensation (in shares)   14,629      
Balance, ending (in shares) at Sep. 30, 2026 25,719,049 25,719,049      
[1] $0.20 and $0.60 per share for the three- and nine-month periods ended September 30, 2026, and $0.16 and $0.48 per share for three- and nine-month periods ended September 30, 2025.
[2] Amount is net of reclassification adjustment, as applicable, and income taxes.