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Schedule I - Financial Statement Schedule - Condensed Statement of Operations (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUE:      
Net investment income $ 38,648 $ 39,249 $ 26,904
Total revenue 1,456,389 1,241,510 1,027,117
EXPENSES:      
Sales expense 258,202 190,523 156,378
General and administrative expenses 94,517 82,504 85,434
Total expenses 1,317,207 1,147,828 982,345
Income tax benefit 10,043 (15,379) (16,593)
NET INCOME 149,225 78,303 28,179
Net income attributable to non-controlling interest (100,207) (61,286) (7,948)
Accretion of Series A Convertible Preferred Stock (7,555) (7,427) (3,677)
NET INCOME ATTRIBUTABLE TO CLASS A COMMON STOCKHOLDERS 41,463 9,590 16,554
Parent Company      
REVENUE:      
Net investment income 332 42 150
Total revenue 332 42 150
EXPENSES:      
Sales expense 1 1 7
General and administrative expenses 1,364 1,129 791
Loss (gain) related to warrant liabilities, net 0 8,544 (11,543)
Change in TRA Liability 32,235 1,608 (2,638)
Total expenses 33,600 11,282 (13,383)
INCOME (LOSS) BEFORE DIVIDENDS AND TAXES (33,268) (11,240) 13,533
Income tax benefit 37,459 0 0
Intercompany dividend income [1] 7,555 7,427 3,677
Equity earnings in subsidiaries, net of tax 137,479 82,116 10,969
NET INCOME 149,225 78,303 28,179
Net income attributable to non-controlling interest (100,207) (61,286) (7,948)
Accretion of Series A Convertible Preferred Stock (7,555) (7,427) (3,677)
NET INCOME ATTRIBUTABLE TO CLASS A COMMON STOCKHOLDERS $ 41,463 $ 9,590 $ 16,554
[1] Eliminated in consolidation.