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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUE:      
Gross premiums written $ 612,522 $ 647,805 $ 635,709
Change in gross unearned premiums 35,738 (9,197) (31,026)
Gross premiums earned 648,260 638,608 604,683
Ceded premiums earned (341,408) (364,618) (342,623)
Net premiums earned 306,852 273,990 262,060
Net investment income 22,206 20,795 8,300
Net realized investment gains (losses) 1,382 (124) (6,789)
Net unrealized gains on equity securities 4,999 1,996 814
Other revenue 0 0 15
Total revenue 335,439 296,657 264,400
EXPENSES:      
Losses and loss adjustment expenses 46,040 69,319 46,678
Policy acquisition costs 97,844 70,990 75,436
General and administrative expenses 40,463 44,756 37,559
Interest expense 10,815 11,996 10,875
Total expenses 195,162 197,061 170,548
Income before other income 140,277 99,596 93,852
Other income (loss) 2,457 2,063 2,228
Income before income taxes 142,734 101,659 96,080
Provision for income taxes 35,939 25,340 10,876
Income from continuing operations, net of tax 106,795 76,319 85,204
Income (loss) from discontinued operations, net of tax 42 (601) 224,707
Net income 106,837 75,718 309,911
OTHER COMPREHENSIVE INCOME:      
Change in net unrealized gains on investments 9,806 3,355 5,998
Reclassification adjustment for net realized investment losses (gains) (1,382) 124 6,808
Total comprehensive income $ 115,261 $ 79,197 $ 322,717
Weighted average shares outstanding      
Weighted average shares outstanding, Basic 48,476,824 47,831,412 43,596,432
Weighted average shares outstanding, Diluted 49,782,993 49,362,985 44,388,804
Basic      
Continuing operations $ 2.2 $ 1.6 $ 1.96
Discontinued operations 0 (0.01) 5.15
Total 2.2 1.59 7.11
Diluted      
Continuing operations 2.15 1.55 1.92
Discontinued operations 0 (0.01) 5.06
Total $ 2.15 $ 1.54 $ 6.98