Premiums Receivable

12 Months Ended

Dec. 31, 2025

Insurance [Abstract]

Premiums Receivable

3.Premiums Receivable

Premiums receivable consist primarily of premium-related balances due from policyholders. The balance is shown net of the allowance for credit losses. The components of premiums receivable are shown below:

	December 31,
	2025			2024
	(in thousands)
Premiums receivable	$	165,116		$	146,897
Allowance for credit losses		(4,172	)		(4,238	)
Premiums receivable, net	$	160,944		$	142,659

The following table summarizes the activity in the allowance for credit losses on premiums receivable:

	December 31,
	2025			2024
	(in thousands)
Balance, beginning of year	$	4,238		$	4,674
Provision for credit loss expense		1,466			656
Write-offs		(1,532	)		(1,092	)
Balance, end of year	$	4,172		$	4,238

Included in premiums receivable at December 31, 2025, 2024 and 2023 is the Company’s estimate for EBUB premium of $17.6 million, $13.8 million and $9.9 million, respectively.