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Income Taxes - Tax Expense Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Pretax income, United States $ 104,127 $ 89,659 $ 77,220
Pretax income, Foreign 38,607 12,000 18,860
Total pretax income 142,734 101,659 96,080
US federal statutory tax rate 29,974 21,348 20,176
State and local income tax, net of federal income tax effect [1] 6,353 4,550 1,032
Foreign tax statutory exemption 7 (56) (188)
Foreign rate differential [2] (8,114) (2,464) (3,773)
US tax on foreign insurance income 8,107 2,520 3,961
Change in valuation allowance (17,810) (8,881) (10,678)
Unrealized gain on outside basis of subsidiary 16,819 8,970 0
Unrealized gain on outside basis of subsidiaryOther items (includes all items that individually have less than a 1.05% rate impact) 603 (647) 346
Reported income tax expense $ 35,939 $ 25,340 $ 10,876
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
US federal statutory tax rate, Percent 21.00% 21.00% 21.00%
State and local income tax, net of federal income tax effect, Percent [1] 4.50% 4.50% 1.10%
Foreign tax statutory exemption, Percent 0.00% (0.10%) (0.20%)
Foreign rate differential, Percent [2] (5.70%) (2.40%) (3.90%)
Effects of cross-border tax laws, US tax on foreign insurance income, Percent 5.70% 2.50% 4.10%
Change in valuation allowance, Percent (12.50%) (8.70%) (11.10%)
Unrealized gain on outside basis of subsidiary, Percent 11.80% 8.80% 0.00%
Other items (includes all items that individually have less than a 1.05% rate impact) 0.40% (0.70%) 0.30%
Reported income tax expense, Percent 25.20% 24.90% 11.30%
[1] For the years ended December 31, 2025 and 2023, the state of Florida makes up the majority (greater than 50%) of our state and local income tax effects. For the year ended December 31, 2024, the states of Florida and Louisiana make up the majority (greater than 50%) of our state and local income tax effects.
[2] The foreign rate differential is calculated by taking pretax net income times the foreign tax rate less the US federal statutory rate. For the years ended December 31, 2025, 2024, and 2023, our foreign tax rate is 0% and the US federal statutory rate is 21%. For the years ended December 31, 2025, 2024 and 2023, our pretax income related to the Cayman Islands is $38,639,000, $11,732,000, and $17,966,000, respectively.