v3.26.3
Reserve for Losses and Loss Adjustment Expenses - Reconciliation of Reserve Balances for Losses and Loss Adjustment Expense (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Reconciliation of the beginning and ending reserve balances for losses and loss adjustment expenses (LAE)            
Reserve for losses and LAE at beginning of period     $ 446,822 $ 328,866    
Less: Reinsurance recoverables $ 71,309 $ 48,056 71,309 48,056 $ 56,219 $ 36,754
Net reserve for losses and LAE at beginning of period     390,603 292,112    
Add provision for losses and LAE, net of reinsurance, occurring in:            
Current period     264,679 159,447    
Prior years     (84,013) (66,183)    
Net incurred losses and LAE during the current period 83,489 44,922 180,666 93,264    
Deduct payments for losses and LAE, net of reinsurance, occurring in:            
Current period     1,282 918    
Prior years     55,818 35,376    
Net loss and LAE payments during the current period     57,100 36,294    
Net reserve for losses and LAE at end of period 514,169 349,082 514,169 349,082    
Plus: Reinsurance recoverables, net of unpaid claims 71,309 48,056 71,309 48,056 $ 56,219 $ 36,754
Reserve for losses and LAE at end of period $ 585,478 $ 397,138 $ 585,478 $ 397,138