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Investments (Tables)
 9 Months Ended
Sep. 30, 2025
Investments [Abstract]  
Schedule of Gain and Losses on Investments
The following table summarizes investment income and realized gains and losses on investments during the periods presented.
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Investment income, net of investment expenses$2,937 $3,645 $8,456 $10,884 
Realized gains on investments71 172 327 213 
Realized losses on investments(19)(30)(319)(140)
Investment income and realized gains and losses, net of investment expenses$2,989 $3,787 $8,464 $10,957 
Schedule of Amortized Cost, Market Value and Unrealized Gains (Losses) of Debt Securities
The following tables summarize the amortized cost, fair value, and unrealized gains and losses of investment securities.
September 30, 2025
Amortized CostGross UnrealizedFair Value
GainsLosses
U.S. Treasuries$13,469 $95 $— $13,564 
Obligations of states, municipalities and political subdivisions3,224 49 — 3,273 
Corporate bonds20,433 183 (6)20,610 
Residential and commercial mortgage-backed securities12,944 113 (2)13,055 
Other loan-backed and structured securities— — — — 
Total investment securities(1)$50,070 $440 $(8)$50,502 
____________________________________
(1)Represents total investment securities held by our captive reinsurance business as collateral for the benefit of the Reciprocal.
December 31, 2024
Amortized CostGross UnrealizedFair Value
GainsLosses
U.S. Treasuries$27,489 $34 $(421)$27,102 
Obligations of states, municipalities and political subdivisions12,602 26 (756)11,872 
Corporate bonds72,996 192 (2,292)70,896 
Residential and commercial mortgage-backed securities62,721 85 (2,032)60,774 
Other loan-backed and structured securities12,335 28 (256)12,107 
Total investment securities$188,143 $365 $(5,757)$182,751 
The following table summarizes the amortized cost, fair value, and unrealized gains and losses of investment securities held by the Reciprocal.
September 30, 2025
Amortized CostGross UnrealizedFair Value
GainsLosses
U.S. Treasuries$9,855 $79 $(191)$9,743 
Obligations of states, municipalities and political subdivisions11,311 99 (406)11,004 
Corporate bonds70,123 1,042 (1,017)70,148 
Residential and commercial mortgage-backed securities71,029 707 (904)70,832 
Other loan-backed and structured securities16,138 146 (155)16,129 
Total investment securities held by the consolidated VIE$178,456 $2,073 $(2,673)$177,856 
Schedule of Remaining Time to Maturity
The amortized cost and fair value of securities held by our captive reinsurance business at September 30, 2025, by contractual maturity, are shown in the following table. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
September 30, 2025
Remaining Time to MaturityAmortized CostFair Value
Due in one year or less$10,351 $10,361 
Due after one year through five years19,122 19,347 
Due after five years through ten years7,653 7,739 
Due after ten years— — 
Residential and commercial mortgage-backed securities12,944 13,055 
Other loan-backed and structured securities— — 
Total(1)$50,070 $50,502 
____________________________________
(1)Represents total investment securities held by our captive reinsurance business as collateral for the benefit of HOA.
The amortized cost and fair value of securities held by the Reciprocal at September 30, 2025, by contractual maturity, are shown in the following table. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
September 30, 2025
Remaining Time to MaturityAmortized CostFair Value
Due in one year or less$2,950 $2,898 
Due after one year through five years36,439 36,237 
Due after five years through ten years35,165 35,097 
Due after ten years16,734 16,663 
Residential and commercial mortgage-backed securities71,030 70,832 
Other loan-backed and structured securities16,138 16,129 
Total$178,456 $177,856 
Schedule of Securities With Gross Unrealized Loss Position
Securities held by our captive reinsurance business with gross unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous loss position, are as follows:
Less Than Twelve MonthsTwelve Months or GreaterTotal
As of September 30, 2025Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value
U.S. Treasuries$— $1,361 $— $— $— $1,361 
Obligations of states, municipalities and political subdivisions— — — — — — 
Corporate bonds(6)4,737 — — (6)4,737 
Residential and commercial mortgage-backed securities(2)2,037 — — (2)2,037 
Other loan-backed and structured securities— — — — — — 
Total securities(1)$(8)$8,135 $— $— $(8)$8,135 
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(1)Represents total investment securities held by our captive reinsurance business as collateral for the benefit of the Reciprocal.
Less Than Twelve MonthsTwelve Months or GreaterTotal
As of December 31, 2024Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value
U.S. Treasuries$(376)$7,881 $(45)$525 $(421)$8,406 
Obligations of states, municipalities and political subdivisions(652)7,738 (104)1,175 (756)8,913 
Corporate bonds(2,063)47,045 (229)3,100 (2,292)50,145 
Residential and commercial mortgage-backed securities(1,671)49,585 (361)2,691 (2,032)52,276 
Other loan-backed and structured securities(249)6,976 (7)49 (256)7,025 
Total securities$(5,011)$119,225 $(746)$7,540 $(5,757)$126,765 
Securities held by the Reciprocal with gross unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous loss position, are as follows:
Less Than Twelve MonthsTwelve Months or GreaterTotal
As of September 30, 2025Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value
U.S. Treasuries$(157)$4,988 $(34)$126 $(191)$5,114 
Obligations of states, municipalities and political subdivisions(339)5,140 (67)1,157 (406)6,297 
Corporate bonds(899)15,645 (118)1,438 (1,017)17,083 
Residential and commercial mortgage-backed securities(662)15,696 (242)2,035 (904)17,731 
Other loan-backed and structured securities(151)2,820 (4)48 (155)2,868 
Total securities held by the consolidated VIE$(2,208)$44,289 $(465)$4,804 $(2,673)$49,093