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Income Taxes - Deferred Tax Assets And Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Deferred tax assets: |  |
20% of net unearned premiums | $ 88,940 | $ 75,394
Discounting of loss reserves and salvage and subrogation recoverable for tax purposes | 30,734 | 25,340
Expense accruals | 19,821 | 11,262
Tax asset on net unrealized loss on securities carried at fair value | 0 | 166
Other deferred tax assets | 4,371 | 8,743
Total gross deferred tax assets | 143,866 | 120,905
Deferred tax liabilities: |  |
Deferred policy acquisition costs | (70,420) | (61,707)
Tax liability on net unrealized gain on securities carried at fair value | (3,253) | 0
Tax depreciation in excess of book depreciation | (2,549) | (6,801)
Undistributed earnings of insurance subsidiaries | (2,731) | (1,511)
Tax amortization in excess of book amortization | (8,769) | (8,904)
Other deferred tax liabilities | (10,290) | (8,969)
Total gross deferred tax liabilities | (98,012) | (87,892)
Net deferred tax assets | $ 45,854 | $ 33,013

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