CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Investments
Investment in related party investment fund, at fair value	$ 461,265	$ 387,144
Other investments	76,036	73,160
Total investments	537,301	460,304
Cash and cash equivalents	82,362	64,685
Restricted cash and cash equivalents	576,698	584,402
Reinsurance balances receivable (Note $15)	755,296	704,483
Loss and loss adjustment expenses recoverable (Note $8)	93,971	85,790
Deferred acquisition costs	98,816	82,249
Unearned premiums ceded	36,623	29,545
Other assets	6,957	4,765
Total assets	2,188,024	2,016,223
Liabilities
Loss and loss adjustment expense reserves	944,985	860,969
Unearned premium reserves	383,424	324,551
Reinsurance balances payable	106,103	105,892
Funds withheld	22,577	21,878
Other liabilities	8,728	6,305
Debt	58,889	60,749
Total liabilities	1,524,706	1,380,344
Commitments and Contingencies (Note 15)
Shareholders' equity
Preferred share capital (par value $0.10; none issued)	0	0
Ordinary share capital (par value $0.10; issued and outstanding, 34,198,153) (2024: par value $0.10; issued and outstanding, 34,831,324)	3,420	3,483
Additional paid-in capital	479,097	481,551
Retained earnings	180,801	150,845
Total shareholders' equity	663,318	635,879
Total liabilities and equity	$ 2,188,024	$ 2,016,223