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10-K Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
Investments          
Total fixed maturity securities $ 706,199 $ 554,624   $ 236,888  
Short-term investments, at amortized cost, which approximates fair value 12,712 8,824   46,035  
Total investments 718,911 563,448   282,923  
Cash and cash equivalents 180,324 118,070 $ 72,623 64,659  
Restricted cash and cash equivalents 18,494 1,698 10,396 15,992  
Accrued investment income 6,728 4,660   1,231  
Premium balances receivable 69,495 38,817   29,487  
Reinsurance recoverable 192,025 139,389   63,531  
Prepaid reinsurance premiums 133,992 116,732   74,541  
Deferred policy acquisition costs 24,564 19,407   13,672 $ 7,909
Property and equipment, net 7,481 7,601   6,050  
Income taxes receivable 1,320 1,107   0  
Deferred tax assets, net 17,071 14,229   11,281  
Other assets 24,768 2,701   1,840  
Total assets 1,395,173 1,027,859   565,207  
Liabilities          
Reserve for losses and loss adjustment expenses 587,905 431,186 $ 301,502 207,051 47,952
Unearned premiums 391,802 344,704   231,743  
Reinsurance balances payable 45,767 40,440   23,687  
Income taxes payable 29 42   1,517  
Accrued expenses 11,287 14,900   12,028  
Other liabilities 18,472 4,510   5,807  
Total liabilities 1,055,262 835,782   481,833  
Commitments and contingencies (Note 13)    
Stockholders' equity          
Common stock 327 240   240  
Additional paid-in capital 314,636 178,543   100,204  
Accumulated other comprehensive loss (12,309) (11,372)   (16,689)  
Retained earnings 37,211 24,666   (381)  
Total stockholders' equity 339,865 192,077   83,374 $ 88,725
Total liabilities, mezzanine equity and stockholders' equity $ 1,395,173 $ 1,027,859   $ 565,207