Disaggregation of Relevant Expense Captions

3 Months Ended

Mar. 31, 2026

Disaggregation Of Relevant Expense Captions [Abstract]

Disaggregation of Relevant Expense Captions

12)DISAGGREGATION OF RELEVANT EXPENSE CAPTIONS

The Company presents its expenses in four major captions: loss and loss adjustment expenses, policy acquisition costs, general and administrative expenses and interest expense. The Company has presented the disaggregation of its general and administrative expenses below for the three months ended March 31, 2026 and 2025.

	Three Months Ended March 31,
	2026		2025
General and Administrative Expenses
Employee compensation(1)	$	5,214	$	2,824
Association fees		1,166		1,085
Professional services		973		924
Software & equipment costs		844		958
Intangible asset amortization		610		609
Liability insurance		386		375
Audit fees		270		421
Depreciation and amortization		252		1,112
Operating lease expense		106		117
Legal fees		94		235
Provision for (reversal of) expected credit losses		6		(14	)
Other general and administrative(2)		782		860
Total general and administrative expenses	$	10,703	$	9,506

(1) For the three months ended March 31, 2025, employee compensation includes $1.5 million, in one-time employee retention tax credit refunds.

(2) For the three months ended March 31, 2026 and 2025, other general and administrative expenses were comprised primarily of regulatory fees, director fees, and franchise fees.