v3.26.3
Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Detail) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenue:        
Gross premiums earned $ 316,072 [1] $ 301,079 [2] $ 963,102 [3] $ 904,090 [4]
Premiums ceded (96,929) (106,088) (302,796) (308,245)
Net premiums earned 219,143 194,991 660,306 595,845
Net income from investment portfolio 21,033 19,361 58,025 50,153
Policy fee income 1,754 1,569 4,981 5,265
Other 2,979 429 11,132 3,440
Total revenue 244,909 216,350 734,444 654,703
Expenses:        
Losses and loss adjustment expenses 65,359 66,153 202,035 189,901
Amortization of deferred policy acquisition costs 29,804 29,740 90,137 84,493
Other policy acquisition expenses 1,885 1,912 5,668 4,997
Stock-based compensation expense 3,313 2,695 10,011 8,362
Interest expense 1,460 1,019 3,467 8,147
Depreciation and amortization 1,070 1,695 3,825 5,012
Personnel and other operating expenses 25,725 22,537 76,651 68,461
Total expenses 128,616 125,751 391,794 369,373
Income before income taxes 116,293 [5] 90,599 [6] 342,650 [7] 285,330 [8]
Gross premiums written 353,050 315,171 1,016,087 960,962
Insurance Operation [Member]        
Revenue:        
Gross premiums earned   1,433 6,513 3,912
Reciprocal Exchange Operation [Member]        
Revenue:        
Gross premiums earned 3,137      
Operating Segments [Member] | Insurance Operation [Member]        
Revenue:        
Gross premiums earned 282,422 [1] 282,950 [2] 860,753 [3] 847,354 [4]
Premiums ceded (80,759) (98,819) (269,383) (287,263)
Net premiums earned 201,663 184,131 591,370 560,091
Net income from investment portfolio 14,232 15,528 41,959 40,970
Policy fee income 1,513 2,693 4,465 5,224
Other 4,722 3,510 12,905 9,858
Total revenue 222,130 205,862 650,699 616,143
Expenses:        
Losses and loss adjustment expenses 77,424 84,535 235,683 237,715
Amortization of deferred policy acquisition costs 26,683 28,569 82,302 80,840
Other policy acquisition expenses 15,276 16,755 49,757 50,356
Stock-based compensation expense 647 307 1,993 1,105
Interest expense 0 0 0 0
Depreciation and amortization 30 611 734 1,833
Personnel and other operating expenses 11,629 10,547 34,525 33,862
Total expenses 131,689 141,324 404,994 405,711
Income before income taxes 90,441 [5] 64,538 [6] 245,705 [7] 210,432 [8]
Total revenue from non-affiliates 215,234 [9] 201,340 [10] 634,573 [11] 604,060 [12]
Gross premiums written 292,756 292,826 884,806 889,857
Operating Segments [Member] | Exzeo        
Revenue:        
Gross premiums earned 0 [1] 0 [2] 0 [3] 0 [4]
Premiums ceded 0 0 0 0
Net premiums earned 0 0 0 0
Net income from investment portfolio 3,680 1,101 9,155 2,262
Policy fee income 0 0 0 0
Other 55,187 55,167 168,507 163,665
Total revenue 58,867 56,268 177,662 165,927
Expenses:        
Losses and loss adjustment expenses 0 0 0 0
Amortization of deferred policy acquisition costs 0 0 0 0
Other policy acquisition expenses 9,796 10,071 32,008 32,812
Stock-based compensation expense 721 730 2,220 2,159
Interest expense 0 0 0 0
Depreciation and amortization 763 758 2,229 2,197
Personnel and other operating expenses 17,758 16,354 52,363 47,320
Total expenses 29,038 27,913 88,820 84,488
Income before income taxes 29,829 [5] 28,355 [6] 88,842 [7] 81,439 [8]
Total revenue from non-affiliates 6,039 [9] 1,101 [10] 17,296 [11] 4,012 [12]
Gross premiums written   0 0 0
Operating Segments [Member] | Reciprocal Exchange Operation [Member]        
Revenue:        
Gross premiums earned 36,787 [1] 19,562 [2] 108,862 [3] 60,648 [4]
Premiums ceded (19,307) (8,702) (39,926) (24,894)
Net premiums earned 17,480 10,860 68,936 35,754
Net income from investment portfolio 1,772 1,002 4,573 2,756
Policy fee income 0 0 0 0
Other (169) 8 (547) 3
Total revenue 19,083 11,870 72,962 38,513
Expenses:        
Losses and loss adjustment expenses 10,592 6,008 28,828 13,622
Amortization of deferred policy acquisition costs 3,121 1,171 7,835 3,653
Other policy acquisition expenses 4,550 2,786 13,711 8,143
Stock-based compensation expense 0 0 0 0
Interest expense 1,134 1,134 3,366 3,366
Depreciation and amortization 0 0 0 0
Personnel and other operating expenses 299 236 843 1,299
Total expenses 19,696 11,335 54,583 30,083
Income before income taxes (613) [5] 535 [6] 18,379 [7] 8,430 [8]
Total revenue from non-affiliates 22,219 [9] 13,303 [10] 79,474 [11] 42,425 [12]
Gross premiums written 60,294 22,345 131,281 71,105
Operating Segments [Member] | Real Estate Operations [Member]        
Revenue:        
Gross premiums earned 0 [1],[13] 0 [2],[14] 0 [3],[15] 0 [4],[16],[17]
Premiums ceded 0 [13] 0 [14] 0 [15] 0 [16],[17]
Net premiums earned 0 [13] 0 [14] 0 [15] 0 [16],[17]
Net income from investment portfolio 0 [13] 0 [14] 0 [15] 0 [16],[17]
Policy fee income 0 [13] 0 [14] 0 [15] 0 [16],[17]
Other 4,374 [13] 4,157 [14] 13,137 [15] 10,490 [16],[17]
Total revenue 4,374 [13] 4,157 [14] 13,137 [15] 10,490 [16],[17]
Expenses:        
Losses and loss adjustment expenses 0 [13] 0 [14] 0 [15] 0 [16],[17]
Amortization of deferred policy acquisition costs 0 [13] 0 [14] 0 [15] 0 [16],[17]
Other policy acquisition expenses 0 [13] 0 [14] 0 [15] 0 [16],[17]
Stock-based compensation expense 0 [13] 0 [14] 0 [15] 0 [16],[17]
Interest expense 450 [13] 400 [14] 1,359 [15] 831 [16],[17]
Depreciation and amortization 829 [13] 733 [14] 2,534 [15] 1,883 [16],[17]
Personnel and other operating expenses 2,629 [13] 2,460 [14] 8,321 [15] 6,257 [16],[17]
Total expenses 3,908 [13] 3,593 [14] 12,214 [15] 8,971 [16],[17]
Income before income taxes 466 [5],[13] 564 [6],[14] 923 [7],[15] 1,519 [8],[16],[17]
Total revenue from non-affiliates 3,508 [9],[13] 3,292 [10],[14] 10,542 [11],[15] 7,896 [12],[16],[17]
Operating Segments [Member] | Corporate and Other [Member]        
Revenue:        
Gross premiums earned 0 [1],[18] 0 [2],[19] 0 [3],[20] 0 [4],[16]
Premiums ceded 0 [18] 0 [19] 0 [20] 0 [16]
Net premiums earned 0 [18] 0 [19] 0 [20] 0 [16]
Net income from investment portfolio 1,659 [18] 2,317 [19] 4,351 [20] 6,211 [16]
Policy fee income 451 [18] 36 [19] 1,146 [20] 41 [16]
Other 6,211 [18] 3,108 [19] 17,025 [20] 9,311 [16]
Total revenue 8,321 [18] 5,461 [19] 22,522 [20] 15,563 [16]
Expenses:        
Losses and loss adjustment expenses 0 [18] 0 [19] 0 [20] 0 [16]
Amortization of deferred policy acquisition costs 0 [18] 0 [19] 0 [20] 0 [16]
Other policy acquisition expenses 3,677 [18] 1,664 [19] 9,751 [20] 5,131 [16]
Stock-based compensation expense 1,945 [18] 1,658 [19] 5,798 [20] 5,098 [16]
Interest expense 1,010 [18] 619 [19] 2,108 [20] 7,316 [16]
Depreciation and amortization 144 [18] 189 [19] 454 [20] 574 [16]
Personnel and other operating expenses 4,628 [18] 4,639 [19] 14,876 [20] 14,237 [16]
Total expenses 11,404 [18] 8,769 [19] 32,987 [20] 32,356 [16]
Income before income taxes (3,083) [5],[18] (3,308) [6],[19] (10,465) [7],[20] (16,793) [8],[16]
Total revenue from non-affiliates 1,226 [9],[18] 1,536 [10],[19] 2,847 [11],[20] 3,701 [12],[16]
Intersegment Eliminations [Member]        
Revenue:        
Gross premiums earned (3,137) [1] (1,433) [2] (6,513) [3] (3,912) [4]
Premiums ceded 3,137 1,433 6,513 3,912
Net premiums earned 0 0 0 0
Net income from investment portfolio (310) (587) (2,013) (2,046)
Policy fee income (210) (1,160) (630) 0
Other (67,346) (65,521) (199,895) (189,887)
Total revenue (67,866) (67,268) (202,538) (191,933)
Expenses:        
Losses and loss adjustment expenses (22,657) (24,390) (62,476) (61,436)
Amortization of deferred policy acquisition costs 0 0 0 0
Other policy acquisition expenses (31,414) (29,364) (99,559) (91,445)
Stock-based compensation expense 0 0 0 0
Interest expense (1,134) (1,134) (3,366) (3,366)
Depreciation and amortization (696) (596) (2,126) (1,475)
Personnel and other operating expenses (11,218) (11,699) (34,277) (34,514)
Total expenses (67,119) (67,183) (201,804) (192,236)
Income before income taxes $ (747) [5] $ (85) [6] $ (734) [7] $ 303 [8]
[1] Gross premiums earned under Insurance Operations included $3,137 earned from Reciprocal Exchange Operations.
[2] Gross premiums earned under Insurance Operations included $1,433 earned from Reciprocal Exchange Operations.
[3] Gross premiums earned under Insurance Operations included $6,513 earned from Reciprocal Exchange Operations.
[4] Gross premiums earned under Insurance Operations included $3,912 earned from Reciprocal Exchange Operations.
[5] The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions among operating segments. The Insurance Operations and the Reciprocal Exchange Operations record service fee expenses based on earned premiums or other appropriate measures, while Exzeo and the AIF operations recognize service fee revenue according to revenue recognition standards. Although both service fee expenses and revenue are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition.
[6] The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions among operating segments. The Insurance Operations and the Reciprocal Exchange Operations record service fee expenses based on earned premiums or other appropriate measures, while Exzeo and the AIF operations recognize service fee revenue according to revenue recognition standards. Although both service fee expenses and revenue are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition.
[7] The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions among operating segments. The Insurance Operations and the Reciprocal Exchange Operations record service fee expenses based on earned premiums or other appropriate measures, while Exzeo and the AIF operations recognize service fee revenue according to revenue recognition standards. Although both service fee expenses and revenue are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition.
[8] The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions among operating segments. The Insurance Operations and the Reciprocal Exchange Operations record service fee expenses based on earned premiums or other appropriate measures, while Exzeo and the AIF operations recognize service fee revenue according to revenue recognition standards. Although both service fee expenses and revenue are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition.
[9] Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation.
[10] Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation.
[11] Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation.
[12] Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation.
[13] Other revenue under Real Estate primarily consisted of rental income from investment properties.
[14] Other revenue under Real Estate primarily consisted of rental income from investment properties.
[15] Other revenue under Real Estate primarily consisted of rental income from investment properties.
[16] Other revenue under Corporate and Other primarily consisted of management fees for AIF services.
[17] Other revenue under Real Estate primarily consisted of rental income from investment properties.
[18] Other revenue under Corporate and Other primarily consisted of management fees for AIF services.
[19] Other revenue under Corporate and Other primarily consisted of management fees for AIF services.
[20] Other revenue under Corporate and Other primarily consisted of management fees for AIF services.