Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Revenues
Gross premiums written	$ 80,321	$ 74,940	$ 243,809	$ 231,442
Ceded premiums written	(4,334)	(3,951)	(12,698)	(11,904)
Net premiums written	75,987	70,989	231,111	219,538
Net premiums earned	71,196	67,050	209,462	204,129
Net investment income	6,566	7,485	19,909	22,298
Net realized gains (losses) on investments		158	3,118	(181)
Net unrealized gains on equity securities	4,117	3,873	2,794	8,591
Fee and other income	97	129	378	177
Total revenues	81,976	78,695	235,661	235,014
Expenses
Loss and loss adjustment expenses incurred	41,679	39,150	122,498	119,765
Underwriting and certain other operating costs	7,586	7,866	21,899	20,450
Commissions	6,199	5,639	18,488	17,438
Salaries and benefits	8,327	7,747	24,070	22,491
Policyholder dividends	712	513	2,585	2,634
Provision for investment related credit loss benefit	(8)	(13)	(36)	(46)
Total expenses	64,495	60,902	189,504	182,732
Income before income taxes	17,481	17,793	46,157	52,282
Income tax expense	3,663	3,469	9,435	10,040
Net income	$ 13,818	$ 14,324	$ 36,722	$ 42,242
Earnings per share
Basic	$ 0.73	$ 0.75	$ 1.93	$ 2.21
Diluted	$ 0.72	$ 0.75	$ 1.92	$ 2.21
Shares used in computing earnings per share
Basic	18,980,807	19,042,152	19,018,293	19,082,374
Diluted	19,072,061	19,113,103	19,106,556	19,156,976
Cash dividends declared per common share	$ 0.39	$ 0.37	$ 1.17	$ 1.11