Liability for Unpaid Losses and Loss Adjustment Expense (LAE) (Tables)

9 Months Ended

Sep. 30, 2026

Insurance [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

The table below shows the analysis of the Company's reserve for unpaid losses for the nine months ended September 30, 2026 and 2025:

	2026			2025
Balance at January 1	$	165,701		$	322,087
Less: reinsurance recoverable on unpaid losses		116,772			249,276
Net balance at January 1		48,929			72,811
Incurred related to:
Current year		43,437			40,733
Prior years		(6,394	)		(4,593	)
Total incurred		37,043			36,140
Paid related to:
Current year		25,828			29,507
Prior years		18,340			28,373
Total paid		44,168			57,880
Net balance at September 30		41,804			51,071
Plus: reinsurance recoverable on unpaid losses		53,419			137,632
Balance at September 30		95,223			188,703
Composition of reserve for unpaid losses and LAE:
Case reserves		15,955			36,228
IBNR reserves		79,268			152,475
Balance at September 30	$	95,223		$	188,703