Investments (Tables)

12 Months Ended

Dec. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Fair Value of Fixed Maturity Securities

The following table summarizes the amortized cost and fair value of the Company’s fixed maturity securities, all of which are classified as available for sale:

			Gross Unrealized
As of December 31, 2025	Amortized Cost		Gains		Losses		Fair Value
	($ in thousands)
Fixed maturity securities
U.S. government and government agency	$	80,184	$	184	$	—	$	80,368
State and municipal	131,607		713		(3,042)		129,278
Commercial mortgage-backed securities	170,496		1,688		(862)		171,322
Residential mortgage-backed securities	317,905		4,071		(3,415)		318,561
Asset-backed securities	168,363		931		(290)		169,004
Corporate	495,673		7,510		(710)		502,473
Total	$	1,364,228	$	15,097	$	(8,319)	$	1,371,006

			Gross Unrealized
As of December 31, 2024	Amortized Cost		Gains		Losses		Fair Value
	($ in thousands)
Fixed maturity securities
U.S. government and government agency	$	204,205	$	315	$	(108)	$	204,412
State and municipal	73,289		—		(5,505)		67,784
Commercial mortgage-backed securities	83,029		349		(940)		82,438
Residential mortgage-backed securities	197,589		649		(6,135)		192,103
Asset-backed securities	121,155		259		(837)		120,577
Corporate	214,878		238		(2,441)		212,675
Total	$	894,145	$	1,810	$	(15,966)	$	879,989

Schedule of Contractual Maturity of Fixed Maturity Securities

The amortized cost and fair value of fixed maturity securities at December 31, 2025 and 2024, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay obligations.

As of December 31, 2025	Amortized Cost		Fair Value
	($ in thousands)
Fixed maturity securities
Due in one year or less	$	113,224	$	113,298
Due after one year through five years	391,104		395,094
Due after five years through ten years	119,589		120,687
Due after ten years	83,547		83,040
	707,464		712,119
Commercial mortgage-backed securities	170,496		171,322
Residential mortgage-backed securities	317,905		318,561
Asset-backed securities	168,363		169,004
Total	$	1,364,228	$	1,371,006

As of December 31, 2024	Amortized Cost		Fair Value
	($ in thousands)
Fixed maturity securities
Due in one year or less	$	206,764	$	206,721
Due after one year through five years	208,179		205,012
Due after five years through ten years	45,230		43,199
Due after ten years	32,199		29,939
	492,372		484,871
Commercial mortgage-backed securities	83,029		82,438
Residential mortgage-backed securities	197,589		192,103
Asset-backed securities	121,155		120,577
Total	$	894,145	$	879,989

Schedule of Components in Net Investment Income

The components of net investment income were derived from the following sources:

Years Ended December 31,	2025		2024		2023
	($ in thousands)
U.S. government and government agency	$	5,926	$	14,514	$	4,673
State and municipal	3,904		1,832		1,550
Commercial mortgage-backed securities	5,808		2,584		1,381
Residential mortgage-backed securities	13,060		6,517		962
Asset-backed securities	6,375		3,043		3,708
Corporate	17,459		5,768		3,448
Short-term investments	214		480		943
Cash and cash equivalents	6,244		6,193		3,190
Gross investment income	58,990		40,931		19,855
Investment expenses	(1,163)		(810)		(484)
Net investment income	$	57,827	$	40,121	$	19,371

Schedule of Restricted Assets

The following table summarizes the value of the Company’s restricted assets disclosed in the Consolidated Balance Sheets:

As of December 31,	2025		2024
	($ in thousands)
U.S. government and government agency	$	60,237	$	97,130
State and municipal	73,453		33,842
Commercial mortgage-backed securities	100,934		50,504
Residential mortgage-backed securities	204,459		115,323
Asset-backed securities	95,908		63,197
Corporate	303,849		124,836
Restricted fixed maturity securities	838,840		484,832
Restricted short-term investments	—		9,997
Restricted cash and cash equivalents	40,225		124,582
Restricted assets	$	879,065	$	619,411

Schedule of Available for Sale Securities in Unrealized Loss

The following table summarizes available for sale securities in an unrealized loss position, the fair value and gross unrealized loss by length of time the security has been in a continual unrealized loss position:

	Less than 12 Months				12 Months or Greater				Total
As of December 31, 2025	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	($ in thousands)
Fixed maturity securities
U.S. government and government agency	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal	21,959		(122)		43,392		(2,920)		65,351		(3,042)
Commercial mortgage-backed securities	63,162		(312)		7,055		(550)		70,217		(862)
Residential mortgage-backed securities	40,180		(164)		29,284		(3,251)		69,464		(3,415)
Asset-backed securities	26,304		(168)		5,627		(122)		31,931		(290)
Corporate	46,922		(119)		23,323		(591)		70,245		(710)
Total	$	198,527	$	(885)	$	108,681	$	(7,434)	$	307,208	$	(8,319)

	Less than 12 Months				12 Months or Greater				Total
As of December 31, 2024	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
	($ in thousands)
Fixed maturity securities
U.S. government and government agency	$	55,237	$	(108)	$	—	$	—	$	55,237	$	(108)
State and municipal	22,011		(566)		45,773		(4,939)		67,784		(5,505)
Commercial mortgage-backed securities	16,579		(112)		13,087		(828)		29,666		(940)
Residential mortgage-backed securities	100,817		(1,244)		29,879		(4,891)		130,696		(6,135)
Asset-backed securities	42,543		(472)		9,420		(365)		51,963		(837)
Corporate	118,237		(811)		43,125		(1,630)		161,362		(2,441)
Total	$	355,424	$	(3,313)	$	141,284	$	(12,653)	$	496,708	$	(15,966)