v3.26.3
Variable Interest Entity - Summary of Unaudited Financial Information and Unaudited Financial Position (Details) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Assets      
Fixed-maturity securities, available-for-sale, at fair value [1] $ 1,241,444 $ 597,329  
Total investments 1,424,447 789,655  
Cash and cash equivalents [1] 743,527 1,210,126  
Income taxes receivable [1] 2,612 1,332  
Deferred income tax assets, net [1] 9,817 2,237  
Premiums receivable , net (allowance: $1,500 and $1,406, respectively) [1] 81,265 57,494  
Prepaid reinsurance premium [1] 49,860 50,127  
Reinsurance recoverable, net of allowance for credit losses:      
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively) [1] 24,835 27,855  
Unpaid losses and loss adjustment expenses [1] 211,187 262,041  
Deferred policy acquisition costs [1] 72,892 59,722  
Other assets [1] 55,483 27,715  
Total assets 2,713,762 2,528,928  
Liabilities      
Losses and loss adjustment expenses 549,607 [2] 576,495 [2] $ 615,635
Unearned premiums [2] 696,313 643,328  
Assumed premiums payable [2] 941 1,744  
Ceded reinsurance premiums payable [2] 10,467 27,591  
Income taxes payable [2] 27,067 12,782  
Deferred income tax liabilities, net [2] 247 3,814  
Total liabilities 1,487,777 1,414,284  
Consolidated Variable Interest Entities [Member]      
Assets      
Fixed-maturity securities, available-for-sale, at fair value 32,908 0  
Total investments 32,908 0  
Cash and cash equivalents 177,534 154,156  
Restricted cash 654 636  
Income taxes receivable 2,612 1,332  
Deferred income tax assets, net 423 2,237  
Premiums receivable , net (allowance: $1,500 and $1,406, respectively) 11,848 4,549  
Prepaid reinsurance premium 589 2,499  
Reinsurance recoverable, net of allowance for credit losses:      
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively) 348 26  
Unpaid losses and loss adjustment expenses 1,575 1,573  
Deferred policy acquisition costs 10,595 4,464  
Other assets 1,155 539  
Total assets 240,241 172,011  
Liabilities      
Losses and loss adjustment expenses 36,569 24,810  
Unearned premiums 95,505 73,086  
Advance premiums 5,057 1,817  
Assumed premiums payable 361 837  
Ceded reinsurance premiums payable 8,357 933  
Income taxes payable 1,293 2,857  
Deferred income tax liabilities, net 247 127  
Accrued expenses and other liabilities 5,982 2,162  
Total liabilities $ 153,371 $ 106,629  
[1] See Note 12 for details of balances associated with consolidated variable interest entities.
[2] See Note 12 for details of balances associated with consolidated variable interest entities.