Statements of Cash Flows

9 Months Ended

Sep. 30, 2025

Supplemental Cash Flow Information [Abstract]

Supplemental cash flow information was as follows:


	Nine Months ended September 30,
($ in thousands)	2025		2024
Cash paid (received) during the period for:
Interest	$	8,591	22,823
Federal income tax	4,731		46,000

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	7,648		5,915
Operating cash flows from financing leases	196		152
Financing cash flows from finance leases	2,054		1,937

Non-cash items:
Corporate actions related to equity securities1	—		29,250
Corporate actions related to fixed income securities, available-for-sale ("AFS")1	44,452		33,745

Conversion of alternative investment to equity securities	20,127		—
Conversion of AFS fixed income securities to equity securities	736		—
Conversion of commercial mortgage loan ("CML") to alternative investment	3,300		—
Assets acquired under finance lease arrangements	—		5,969
Assets acquired under operating lease arrangements	5,625		11,513
Non-cash purchase of property and equipment	14		124

1Examples of corporate actions include like-kind exchanges, non-cash acquisitions, and stock splits.

The following table provides a reconciliation of cash and restricted cash reported within the Consolidated Balance Sheets to the amount reported in the Consolidated Statements of Cash Flows:


($ in thousands)	September 30, 2025		December 31, 2024
Cash	$	430	91
Restricted cash	23,726		62,933
Total cash and restricted cash shown in the Consolidated Statements of Cash Flows	$	24,156	63,024

Amounts in restricted cash represent cash received from the National Flood Insurance Program ("NFIP") that can only be used to pay flood claims under the Write Your Own program.