Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Summary of Carrying or Reported Values and Corresponding Fair Values for Financial Instruments

The following table summarizes the carrying or reported values and corresponding fair values for financial instruments:

	December 31,
	2025				2024
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(in thousands)
Assets:
Fixed maturity securities—held-to-maturity	$	350,087	$	344,576	$	413,061	$	399,721
Fixed maturity securities—available-for-sale		313,038		313,038		307,750		307,750
Equity securities		57,493		57,493		58,629		58,629
Short-term investments		14,237		14,237		9,338		9,338
Cash and cash equivalents		61,926		61,926		44,045		44,045

Schedule of Assets Measured at Fair Value on Recurring Basis

Assets measured at fair value on a recurring basis as of December 31, 2025 and 2024 were as follows:

	December 31, 2025
	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
	(in thousands)
Financial instruments carried at fair value,    classified as part of:
Securities available-for-sale—fixed maturity:
States and political subdivisions	$	—	$	158,190	$	—	$	158,190
Corporate bonds		—		138,704		—		138,704
U.S. agency-based mortgage-backed securities		—		3,641		—		3,641
U.S. Treasury securities		12,503		—		—		12,503
Total securities available-for-sale—fixed maturity		12,503		300,535		—		313,038
Equity securities:
Domestic common stock - Exchange Traded Funds		57,493		—		—		57,493
Total	$	69,996	$	300,535	$	—	$	370,531

	December 31, 2024
	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
	(in thousands)
Financial instruments carried at fair value,    classified as part of:
Securities available-for-sale—fixed maturity:
States and political subdivisions	$	—	$	148,206	$	—	$	148,206
Corporate bonds		—		141,535		—		141,535
U.S. agency-based mortgage-backed securities		—		4,059		—		4,059
U.S. Treasury securities		13,950		—		—		13,950
Total securities available-for-sale—fixed maturity		13,950		293,800		—		307,750
Equity securities:
Domestic common stock - Exchange Traded Funds		58,629		—		—		58,629
Total	$	72,579	$	293,800	$	—	$	366,379

Schedule of Assets Measured at Amortized Cost Net of Allowance For Credit Losses

Assets measured at amortized cost net of allowance for credit losses as of December 31, 2025 and 2024 were as follows:

	December 31, 2025
	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
	(in thousands)
Securities held-to-maturity—fixed maturity:
States and political subdivisions	$	—	$	317,529	$	—	$	317,529
Corporate bonds		—		16,245		—		16,245
U.S. agency-based mortgage-backed securities		—		2,348		—		2,348
U.S. Treasury securities		8,445		—		—		8,445
Asset-backed securities		—		9		—		9
Total held-to-maturity	$	8,445	$	336,131	$	—	$	344,576

	December 31, 2024
	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
	(in thousands)
Securities held-to-maturity—fixed maturity:
States and political subdivisions	$	—	$	356,268	$	—	$	356,268
Corporate bonds		—		32,670		—		32,670
U.S. agency-based mortgage-backed securities		—		2,643		—		2,643
U.S. Treasury securities		8,127		—		—		8,127
Asset-backed securities		—		13		—		13
Total held-to-maturity	$	8,127	$	391,594	$	—	$	399,721