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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES:      
Net income $ 149,225 $ 78,303 $ 28,179
Adjustments to reconcile net income to net cash from operating activities:      
Loss on disposals of equipment, software and other assets 1,912 500 1,894
Loss (gain) related to warrant liabilities, net 0 8,544 (11,543)
Change in TRA Liability 32,235 1,602 (2,636)
Depreciation and amortization 37,524 38,905 45,809
Provision for deferred taxes (34,503) 2,929 2,921
Share-based compensation expense 18,908 17,357 18,017
Non-cash lease expense 8,911 8,053 11,681
Net investment gains (3,064) (2,223) 0
(Accretion) amortization of discount and premium, net (4,146) (3,386) 34
Other 1,297 3,698 5,117
Changes in assets and liabilities:      
Accounts, premiums and commissions receivable (62,595) 26,498 (69,879)
Deferred acquisition costs, net (22,758) (14,829) (34,295)
Reinsurance recoverables (3,369) (9,144) (1,335)
Prepaid reinsurance premiums (3,429) (8,047) (10,383)
Advance premiums and due to insurers 14,175 8,418 14,880
Losses payable and provision for unpaid losses and loss adjustment expenses (3,033) 36,385 6,485
Increase (Decrease) in Liability for Claims and Claims Adjustment Expense Reserve 359 31,985 24,766
Unearned premiums 54,519 40,264 81,813
Ceding commissions payable 8,776 (31,350) 31,664
Other assets and liabilities, net 28,042 (57,438) (9,483)
Net Cash Provided by Operating Activities 218,986 177,024 133,706
INVESTING ACTIVITIES:      
Capital expenditures (24,535) (21,344) (26,403)
Acquisitions, net of cash acquired, and other investments (1,619) (25,120) (8,683)
Issuance of notes receivable (74,714) (65,770) (24,939)
Collection of notes receivable 37,733 59,788 10,357
Purchases of fixed maturity securities (333,050) (669,452) (10,568)
Purchases of equity securities (21,890) (10,861) 0
Proceeds from maturities of fixed maturity securities 229,899 113,216 7,468
Other investing activities 2,979 979 121
Net Cash Used in Investing Activities (185,197) (618,564) (52,647)
FINANCING ACTIVITIES:      
Payments on long-term debt (187,881) (90,775) (139,850)
Proceeds from long-term debt, net of issuance costs 257,191 61,972 161,547
Proceeds from Issuance of Preferred Stock and Preference Stock 0 0 79,159
Distributions paid to non-controlling interest unit holders (30,257) (6,683) 0
Payment of Series A Convertible Preferred Stock dividends (5,600) (5,600) 0
Funding of TRA Liability payments (223) 0 0
Funding of employee tax obligations upon vesting of share-based payments (3,854) (5,836) 0
Other financing activities 552 0 2,305
Net Cash Provided by (Used in) Financing Activities 29,928 (46,922) 103,161
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents 2,438 (2,969) 865
Change in cash and cash equivalents and restricted cash and cash equivalents 66,155 (491,431) 185,085
Beginning cash and cash equivalents and restricted cash and cash equivalents 232,845 724,276 539,191
Ending cash and cash equivalents and restricted cash and cash equivalents $ 299,000 $ 232,845 $ 724,276