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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
OPERATING ACTIVITIES    
Net Income (Loss) $ 60,547 $ 80,273
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,380 5,042
Bond amortization and accretion 300 481
Net realized losses (gains) on investments (3,266) 411
Net unrealized gains on equity securities (4,136) (3,429)
Provision for uncollectable premiums 0 (26)
Provision for uncollectable reinsurance recoverables (8) (36)
Deferred income taxes, net 807 11,741
Stock based compensation 4,000 3,251
Fixed asset and intangible asset disposals 129 61
Loss on sale of subsidiary 0 328
Changes in operating assets and liabilities:    
Accrued investment income 114 (242)
Premiums receivable 19,232 14,687
Reinsurance recoverable on paid and unpaid losses 58,392 119,188
Ceded unearned premiums (58,578) (21,402)
Deferred policy acquisition costs, net (7,578) (4,746)
Other assets 2,008 2,519
Unpaid losses and loss adjustment expenses (70,478) (133,492)
Unearned premiums 21,472 11,029
Reinsurance payable on premiums 71,964 55,961
Accounts payable and accrued expenses 19,792 (22,161)
Operating lease liability (168) (134)
Other liabilities 394 (527)
Net cash provided by operating activities 117,319 118,777
INVESTING ACTIVITIES    
Proceeds from sales, maturities and repayments of fixed maturities 52,320 112,781
Proceeds from sales, maturities and repayments of equity securities 15,021 9,982
Proceeds from sales, maturities and repayments of other investments 5,382 20,622
Purchases of Fixed maturities (28,312) (76,069)
Purchases of Equity securities (3,981) (21,028)
Purchases of Other investments (1,542) (33,392)
Cost of property, equipment and capitalized software acquired (568) (96)
Net proceeds from sale of former subsidiary 0 4,495
Net cash provided by investing activities 38,320 17,295
FINANCING ACTIVITIES    
Tax withholding payment related to net settlement of equity awards (1,637) 0
Treasury stock (19,441) 0
Dividends (36,574) 0
Proceeds from issuance of common stock, including exercise of stock options 85 774
Net cash provided by (used in) financing activities (57,567) 774
Increase in cash, cash equivalents and restricted cash, including cash classified as assets held for sale 98,072 136,846
Cash, cash equivalents and restricted cash at beginning of period 292,854 222,290
Cash, cash equivalents and restricted at end of period 390,926 359,136
Supplemental Cash Flows Information    
Interest paid 4,688 5,438
State and Local Jurisdiction | Florida    
Supplemental Cash Flows Information    
State income taxes paid (refunded) (400) (987)
Federal    
Supplemental Cash Flows Information    
Interest paid 0 0
All other state    
Supplemental Cash Flows Information    
State income taxes paid (refunded) $ 4 $ (52)