CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Investment portfolio:
Fair Value	$ 5,791,231	$ 5,851,689
Equity securities, at fair value (cost, 2025 - $16,286; 2024 - $16,146)	15,322	14,762
Other invested assets, at cost	1,109	1,109
Total investment portfolio	5,807,662	5,867,560
Cash and cash equivalents	368,989	229,485
Restricted cash and cash equivalents	6,525	5,142
Accrued investment income	58,009	61,064
Reinsurance recoverable on loss reserves	65,055	47,281
Reinsurance recoverable on paid losses	4,386	4,197
Premiums receivable	58,184	57,536
Home office and equipment, net	32,454	35,679
Deferred insurance policy acquisition costs	8,377	11,694
Deferred income taxes, net	18,512	69,875
Other assets	211,333	157,722
Total assets	6,639,486	6,547,235
Liabilities:
Loss reserves	474,884	462,662
Unearned premiums	93,026	120,360
Senior notes	646,138	644,667
Federal tax credits payable	135,344	12,535
Other liabilities	142,543	134,636
Total liabilities	1,491,935	1,374,860
Contingencies
Shareholders' equity:
Common stock	219,367	248,449
Paid-in capital	1,812,463	1,808,236
Accumulated other comprehensive income (loss), net of tax	(134,394)	(288,162)
Retained earnings	3,250,115	3,403,852
Total shareholders' equity	5,147,551	5,172,375
Total liabilities and shareholders' equity	6,639,486	6,547,235
Fixed income
Investment portfolio:
Fair Value	5,489,945	5,511,564
Short-Term Investments
Investment portfolio:
Fair Value	$ 301,286	$ 340,125