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Property and Casualty Insurance Activity (Tables)
 12 Months Ended
Dec. 31, 2025
Property and Casualty Insurance Activity  
Schedule of Earned Premiums
Premiums written, ceded and earned are as follows:
 Direct Assumed Ceded Net
    
Year ended December 31, 2025   
Premiums written$277,800,630 $- $(64,081,564)$213,719,066 
Change in unearned premiums(19,326,339)- (7,266,005)(26,592,344)
Premiums earned$258,474,291 $- $(71,347,569)$187,126,722 
     
Year ended December 31, 2024    
Premiums written$241,979,937 $- $(87,750,072)$154,229,865 
Change in unearned premiums(29,080,195)- 3,348,250 (25,731,945)
Premiums earned$212,899,742 $- $(84,401,822)$128,497,920 
Schedule of Liability for Loss and LAE Expenses
The components of the liability for loss and LAE expenses and related reinsurance receivables as of December 31, 2025 and 2024 are as follows:
 Gross
Liability 		Reinsurance
Receivables
   
December 31, 2025  
Case-basis reserves$75,384,626 $20,748,974 
Loss adjustment expenses26,359,154 4,206,150 
IBNR reserves38,794,838 8,277,241 
Recoverable on unpaid losses 33,232,365 
Recoverable on paid losses- 2,827,829 
Total loss and loss adjustment expenses$140,538,618 36,060,194 
Unearned premiums 22,936,751 
Receivables - reinsurance contracts - 
Total reinsurance receivables $58,996,945 
   
December 31, 2024  
Case-basis reserves$64,087,782 $17,721,033 
Loss adjustment expenses23,442,101 3,940,147 
IBNR reserves38,680,545 10,661,457 
Recoverable on unpaid losses 32,322,637 
Recoverable on paid losses- 5,254,482 
Total loss and loss adjustment expenses$126,210,428 37,577,119 
Unearned premiums 31,745,317 
Receivables - reinsurance contracts - 
Total reinsurance receivables $69,322,436 
Schedule of Unpaid Losses and LAE
The following table provides a reconciliation of the beginning and ending balances for unpaid losses and LAE:
 Years ended
December 31,
 20252024
   
Balance at beginning of period$126,210,428 $121,817,862 
Less reinsurance recoverables(32,322,637)(33,288,650)
Net balance, beginning of period93,887,791 88,529,212 
   
Incurred related to:  
Current year85,349,385 64,414,543 
Prior years(1,083,663)(1,779,827)
Total incurred84,265,722 62,634,716 
   
Paid related to:  
Current year40,940,473 32,956,899 
Prior years29,906,787 24,319,238 
Total paid70,847,260 57,276,137 
   
Net balance at end of period107,306,253 93,887,791 
Add reinsurance recoverables33,232,365 32,322,637 
Balance at end of period$140,538,618 $126,210,428 
Schedule of Incurred Claims and Allocated Claim Adjustment Expenses
All Lines of Business
(in thousands, except reported claims data)
 Incurred Loss and Allocated Loss Adjustment Expenses, Net of ReinsuranceAs of
December 31, 2025
 For the Years Ended December 31, IBNRCumulative
Number
of Reported
Claims by
Accident
Year
Accident Year2016201720182019202020212022202320242025
 (Unaudited 2016 - 2024)  
            
2016$26,062 $24,941 $24,789 $27,887 $27,966 $27,417 $27,352 $27,271 $27,247 $27,171 $31 2,884 
2017 31,605 32,169 35,304 36,160 36,532 36,502 36,819 37,268 37,359 149 3,401 
2018  54,455 56,351 58,441 59,404 61,237 61,145 61,686 61,897 425 4,238 
2019   75,092 72,368 71,544 71,964 73,310 74,363 76,337 2,025 4,509 
2020    63,083 62,833 63,217 63,562 64,400 65,888 934 5,896 
2021     96,425 96,673 96,134 96,771 98,411 1,303 5,836 
2022      79,835 78,759 78,078 77,319 2,533 4,721 
2023       78,978 72,025 70,128 5,125 4,097 
2024        57,860 54,364 7,014 3,140 
2025         77,556 20,697 2,306 
          Total $646,429   
Schedule of Cumulative Paid Claims and Allocated Claim Adjustment Expenses
All Lines of Business
(in thousands)
Accident YearCumulative Paid Loss and Allocated Loss Adjustment Expenses, Net of Reinsurance
For the Years Ended December 31,
2016201720182019202020212022202320242025
 (Unaudited 2016 - 2024)
           
2016$15,364 $19,001 $21,106 $23,974 $25,234 $25,750 $26,382 $26,854 $26,808 $26,876 
2017 16,704 24,820 28,693 31,393 32,529 33,522 34,683 35,046 35,336 
2018  32,383 44,516 50,553 52,025 54,424 56,199 57,185 57,798 
2019   40,933 54,897 58,055 60,374 63,932 66,109 68,648 
2020    39,045 50,719 53,432 56,523 59,220 60,859 
2021     56,282 77,756 82,317 85,314 90,865 
2022      45,856 65,732 68,170 70,703 
2023       46,280 56,952 59,571 
2024        29,013 40,086 
2025         36,572 
         Total$547,316 
           
Net liability for unpaid loss and allocated loss adjustment expenses for the accident years presented$99,113 
All outstanding liabilities before 2016, net of reinsurance 1,441 
Liabilities for loss and allocated loss adjustment expenses, net of reinsurance $100,554 
Schedule of the Net Incurred and Paid Claims
The reconciliation of the net incurred and paid claims development tables to the liability for loss and LAE reserves in the consolidated balance sheet is as follows:
Reconciliation of the Disclosure of Incurred and Paid Loss Development
to the Liability for Loss and LAE Reserves
(in thousands)As of
December 31, 2025
Liabilities for allocated loss and loss adjustment expenses, net of reinsurance$100,554 
Total reinsurance recoverable on unpaid losses33,232 
Unallocated loss adjustment expenses6,753 
Total gross liability for loss and LAE reserves$140,539 
(Components may not sum to totals due to rounding)
Schedule of Supplementary Unaudited Information about Average Historical Claims Duration
The following is supplementary unaudited information about average historical claims duration as of December 31, 2025:
Average Annual Percentage Payout of Incurred Loss and Allocated Loss Adjustment Expenses by Age, Net of Reinsurance
Years12345678910
All Lines of Business54.9%19.3%6.0%4.9%4.3%2.6%2.6%1.2%0.3%0.3%