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Investments (Tables)

12 Months Ended

Dec. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments, Available-for-Sale Securities

The following tables summarize the Company's available-for-sale investments as of December 31, 2025 and 2024:

			December 31, 2025
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses												Estimated Fair Value
Fixed maturity securities:			in thousands
Corporate			$	262,302					$	3,982					$	(116)											$	266,168
U.S. Treasury			181,077						701						(161)												181,617
States and municipalities			29,182						967						(3)												30,146
Foreign			33,000						54						(62)												32,992
Asset-backed securities			31,899						394						(42)												32,251
Mortgage-backed securities			150,353						3,026						(282)												153,097
Total fixed maturity securities			$	687,813					$	9,124					$	(666)											$	696,271

			December 31, 2024
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
Fixed maturity securities:			in thousands
Corporate			$	230,917					$	1,226					$	(954)					$	231,189
U.S. Treasury			146,211						424						(760)						145,875
States and municipalities			31,543						134						(92)						31,585
Foreign			21,022						59						(24)						21,057
Asset-backed securities			23,625						175						(120)						23,680
Mortgage-backed securities			125,351						396						(1,445)						124,302
Total fixed maturity securities			$	578,669					$	2,414					$	(3,395)					$	577,688

Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value

The following table summarizes gross unrealized losses and the estimated fair value of available-for-sale fixed maturity securities that have continuously been in an unrealized loss position, as well as the length of time that such securities were in an unrealized loss position, as of December 31, 2025:

			December 31, 2025
			Less than 12 months												12 months or longer												Total
			Estimated fair value						Gross unrealized losses						Estimated fair value						Gross unrealized losses						Estimated fair value						Gross unrealized losses
Fixed maturity securities:			in thousands
Corporate			$	6,307					$	(7)					$	9,461					$	(108)					$	15,768					$	(115)
U.S. Treasury			35,150						(83)						14,948						(78)						50,098						(161)
States and municipalities			880						(3)						—						—						880						(3)
Foreign			17,009						(62)						—						—						17,009						(62)
Asset-backed securities			1,771						(5)						1,881						(37)						3,652						(42)
Mortgage-backed securities			10,312						(4)						20,889						(279)						31,201						(283)
Total fixed maturity securities			$	71,429					$	(164)					$	47,179					$	(502)					$	118,608					$	(666)

Schedule of Contractual Maturities of the Company's Available-for-Sale Investments

The following table summarizes the contractual maturities of the Company's available-for-sale investments as of December 31, 2025:

			Amortized Cost						Estimated Fair Value
			in thousands
Due in one year or less			$	132,244					$	132,772
Due after one year through five years			272,887						276,170
Due after five years through ten years			99,958						101,510
Due after ten years			472						471
Mortgage-backed and asset-backed securities			182,252						185,348
Total fixed maturity securities			$	687,813					$	696,271

Schedule of Net Investment Income Component

The following table presents the components of net investment income, which is recorded within "Net investment income" in the Consolidated Statements of Operations, for the years ended December 31, 2025, 2024, and 2023:

									Year ended December 31,
															2025						2024						2023
Interest income:															in thousands
Cash and cash equivalents and restricted cash and cash equivalents															$	9,585					$	22,080					$	26,457
Fixed maturity securities															29,407						17,395						447
Total interest income															38,992						39,475						26,904
Dividends on equity securities															218						98						—
Gross investment income															39,210						39,573						26,904
Investment expenses															(562)						(324)						—
Net investment income															$	38,648					$	39,249					$	26,904

Schedule of Net Realized and Unrealized Gains (Losses) on Investments

The gross amounts of realized investment gains and losses on fixed maturity securities were not material to the Consolidated Financial Statements and are presented on a net basis in the table below:

									Year ended December 31,
															2025						2024
Fixed maturity securities:															in thousands
Net realized investment gains															$	386					$	927
Equity securities:
Total change in fair value of equity securities															2,678						1,296
Net investment gains															$	3,064					$	2,223
Change in net unrealized gains (losses) on available-for-sale investments included in Other comprehensive income (loss):
Fixed maturity securities															$	9,410					$	(981)

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