Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
ASSETS
Fixed maturity securities	$ 673,100	$ 696,271
Equity securities	47,804	34,871
Total investments	720,904	731,142
Cash and cash equivalents	212,371	160,177
Restricted cash and cash equivalents	154,362	138,823
Accounts receivable	27,993	98,872
Premiums receivable	92,446	180,529
Deferred acquisition costs, net	143,552	179,224
Reinsurance recoverables	11,863	15,296
Prepaid reinsurance premiums	40,405	21,950
Notes receivable	148,944	113,887
Intangible assets, net	89,125	88,915
Goodwill	114,150	114,164
Deferred tax assets	40,092	43,011
Other assets	228,386	207,986
TOTAL ASSETS	2,024,593	2,093,976
Liabilities, Current
Accounts payable and accrued expenses	85,847	111,947
Advance premiums	50,748	28,287
Due to insurers	14,366	94,930
Losses payable and reserves for unpaid losses and loss adjustment expenses	203,987	264,204
Unearned Premiums	508,003	412,058
Ceding commissions payable	1,870	86,165
Debt, net	228,608	177,907
Contract liabilities	46,383	46,450
Deferred tax liability	5,697	23,489
Tax receivable agreement liability	38,284	39,829
Other liabilities	106,757	61,684
TOTAL LIABILITIES	1,290,550	1,346,950
Commitments and Contingencies	0	0
TEMPORARY EQUITY
Preferred stock, $0.0001 par value (20,000,000 shares authorized, 8,483,561 Series A Convertible Preferred Stock issued and outstanding as of December 31, 2025 and December 31, 2024)	88,648	86,618
STOCKHOLDERS' EQUITY
Additional paid-in capital	626,166	623,013
Accumulated earnings (deficit)	(407,451)	(402,960)
Accumulated other comprehensive income (loss)	(66)	1,229
Total stockholders' equity	218,683	221,316
Non-controlling interest	426,712	439,092
Total equity	645,395	660,408
TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY	2,024,593	2,093,976
Class A Common Stock
STOCKHOLDERS' EQUITY
Common stock	10	10
Class V Common Stock
STOCKHOLDERS' EQUITY
Common stock	$ 24	$ 24