Employee Benefit Plans	9 Months Ended
Sep. 30, 2026
Employee Benefit Plans
Employee Benefit Plans	Employee Benefit Plans Bonus Plans Employee Bonus Plan For the three months ended September 30, 2026 and 2025, the Company accrued approximately $408,518 and $1,414,952, respectively, of cash payments related to an employee bonus plan (the "Bonus Plan"), of which $88,526 and $322,609, respectively, is allocated and recorded in loss and LAE, $299,748 and $1,092,343, respectively, is recorded in other underwriting expenses, and $20,244 and $0, respectively, is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. For the nine months ended September 30, 2026 and 2025, the Company accrued approximately $1,225,556 and $2,395,343, respectively, of cash payments related to the Bonus Plan, of which $274,127 and $546,138, respectively, is allocated and recorded in loss and LAE, $928,185 and $1,849,205, respectively, is recorded in other underwriting expenses, and $23,244 and $0, respectively, is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. In addition to the cash payments, the Bonus Plan provides for a restricted stock award ("RSA") to the Company's SLT and other members of management in an amount up to their cash payments if certain performance metrics have been met. The performance metrics for the nine months ended September 30, 2026 were not met, and, accordingly, no stock-based compensation liability has been accrued for the three months and nine months ended September 30, 2026 for the SLT RSA bonus. The performance metrics for the nine months ended September 30, 2025 were met, and, accordingly, $149,862 and $197,868, respectively, of stock-based compensation liability has been accrued for the three months and nine months ended September 30, 2025 for the SLT RSA bonus and is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. Executive Bonus Plan For the three months ended September 30, 2026 and 2025, the Company accrued approximately $497,000 and $254,000, respectively, for a bonus pursuant to the Third Amended Golden Employment Agreement ("Executive Bonus") of which $447,000 and $229,000, respectively, is recorded in other underwriting expenses, and $50,000 and $25,000, respectively, is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. For the nine months ended September 30, 2026 and 2025, the Company accrued approximately $688,000 and $625,000, respectively, for the Executive Bonus of which $619,000 and $563,000, respectively, is recorded in other underwriting expenses, and $69,000 and $62,000, respectively, is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. 401(k) Plan The Company maintains a salary reduction plan under Section 401(k) of the Internal Revenue Code (the “401(k) Plan”) for its qualified employees. The Company matches 100% of each participant’s contribution up to 4% of the participant’s eligible contribution. The Company incurred approximately $98,000 and $86,000, respectively, of expense for the three months ended September 30, 2026 and 2025, related to the 401(k) Plan, which is recorded in other underwriting expenses on the accompanying condensed consolidated statements of income and comprehensive income. The Company incurred approximately $325,000 and $271,000, respectively, of expense for the nine months ended September 30, 2026 and 2025, related to the 401(k) Plan, which is recorded in other underwriting expenses on the accompanying condensed consolidated statements of income and comprehensive income.

For the three months ended September 30, 2026 and 2025, the Company accrued approximately $408,518 and $1,414,952, respectively, of cash payments related to an employee bonus plan (the "Bonus Plan"), of which $88,526 and $322,609, respectively, is allocated and recorded in loss and LAE, $299,748 and $1,092,343, respectively, is recorded in other underwriting expenses, and $20,244 and $0, respectively, is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. For the nine months ended September 30, 2026 and 2025, the Company accrued approximately $1,225,556 and $2,395,343, respectively, of cash payments related to the Bonus Plan, of which $274,127 and $546,138, respectively, is allocated and recorded in loss and LAE, $928,185 and $1,849,205, respectively, is recorded in other underwriting expenses, and $23,244 and $0, respectively, is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. In addition to the cash payments, the Bonus Plan provides for a restricted stock award ("RSA") to the Company's

SLT and other members of management in an amount up to their cash payments if certain performance metrics have been met. The performance metrics for the nine months ended September 30, 2026 were not met, and, accordingly, no stock-based compensation liability has been accrued for the three months and nine months ended September 30, 2026 for the SLT RSA bonus. The performance metrics for the nine months ended September 30, 2025 were met, and, accordingly, $149,862 and $197,868, respectively, of stock-based compensation liability has been accrued for the three months and nine months ended September 30, 2025 for the SLT RSA bonus and is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income.

For the three months ended September 30, 2026 and 2025, the Company accrued approximately $497,000 and $254,000, respectively, for a bonus pursuant to the Third Amended Golden Employment Agreement ("Executive Bonus") of which $447,000 and $229,000, respectively, is recorded in other underwriting expenses, and $50,000 and $25,000, respectively, is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income. For the nine months ended September 30, 2026 and 2025, the Company accrued approximately $688,000 and $625,000, respectively, for the Executive Bonus of which $619,000 and $563,000, respectively, is recorded in other underwriting expenses, and $69,000 and $62,000, respectively, is recorded in other operating expenses on the accompanying condensed consolidated statements of income and comprehensive income.

The Company maintains a salary reduction plan under Section 401(k) of the Internal Revenue Code (the “401(k) Plan”) for its qualified employees. The Company matches 100% of each participant’s contribution up to 4% of the participant’s eligible contribution. The Company incurred approximately $98,000 and $86,000, respectively, of expense for the three months ended September 30, 2026 and 2025, related to the 401(k) Plan, which is recorded in other underwriting expenses on the accompanying condensed consolidated statements of income and comprehensive income. The Company incurred approximately $325,000 and $271,000, respectively, of expense for the nine months ended September 30, 2026 and 2025, related to the 401(k) Plan, which is recorded in other underwriting expenses on the accompanying condensed consolidated statements of income and comprehensive income.