Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Investments, at fair value:
Fixed maturities, available-for-sale	$ 222,345	$ 253,152
Equity securities	56,490	61,685
Other investments	38,129	40,053
Total investments	316,964	354,890
Cash and cash equivalents	294,689	198,762
Restricted cash	96,237	94,092
Total cash, cash equivalents and restricted cash	390,926	292,854
Accrued investment income	3,042	3,156
Property and equipment, net	910	723
Premiums receivable, net	51,215	70,447
Reinsurance recoverable on paid and unpaid losses, net	69,821	128,205
Ceded uneared premiums	168,275	109,697
Goodwill	59,476	59,476
Deferred policy acquisition costs, net	45,393	37,815
Intangible assets, net	1,593	3,471
Other assets	9,990	11,998
Total Assets	1,117,605	1,072,732
Liabilities
Unpaid losses and loss adjustment expenses	95,223	165,701
Unearned premiums	271,088	249,616
Reinsurance payable on premiums	138,805	66,841
Accounts payable and accrued expenses	95,999	112,781
Operating lease liability	2,967	3,135
Notes payable, net	149,603	149,353
Other liabilities	8,241	7,740
Total Liabilities	761,926	755,167
Commitments and Contingencies (Note 11)
Stockholders' Equity
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	0	0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 49,305,998 and 48,976,885 issued, respectively; 47,289,189 and 48,764,802 outstanding, respectively	5	5
Additional paid-in capital	442,190	439,742
Treasury shares, at cost: 2,016,809 shares and 212,083 shares, respectively	(19,872)	(431)
Accumulated other comprehensive loss	(12,682)	(7,242)
Retained earnings (deficit)	(53,962)	(114,509)
Total Stockholders' Equity	355,679	317,565
Total Liabilities and Stockholders' Equity	$ 1,117,605	$ 1,072,732