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Note 7 - Underwriting Information

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

7. Underwriting Information

The Company has a single reportable segment and offers specialty insurance products. Gross written premiums (“GWP”) by product are presented below:

		Three Months Ended June 30,																Six Months Ended June 30,
		2025								2024								2025								2024
		($ in thousands)																($ in thousands)
						% of								% of								% of								% of
		Amount				GWP				Amount				GWP				Amount				GWP				Amount				GWP
Product
Earthquake		$	147,702				29.8	%		$	135,029				35.1	%		$	277,929				29.7	%		$	240,759				32.0	%
Casualty			128,222				25.8	%			58,605				15.2	%			238,932				25.5	%			110,539				14.7	%
Inland Marine and Other Property			120,031				24.2	%			93,453				24.3	%			219,098				23.3	%			170,329				22.6	%
Fronting			60,869				12.2	%			95,896				24.9	%			114,810				12.2	%			190,727				25.3	%
Crop			39,464				8.0	%			2,201				0.5	%			87,683				9.3	%			40,908				5.4	%
Total Gross Written Premiums		$	496,288				100.0	%		$	385,184				100.0	%		$	938,452				100.0	%		$	753,262				100.0	%

Gross written premiums by state are as follows:

		Three Months Ended June 30,																Six Months Ended June 30,
		2025								2024								2025								2024
		($ in thousands)																($ in thousands)
						% of								% of								% of								% of
		Amount				GWP				Amount				GWP				Amount				GWP				Amount				GWP
State
California		$	163,814				33.0	%		$	183,396				47.6	%		$	303,536				32.3	%		$	340,614				45.2	%
Texas			35,708				7.2	%			28,600				7.4	%			80,699				8.6	%			69,396				9.2	%
Hawaii			24,544				4.9	%			18,235				4.7	%			44,901				4.8	%			30,751				4.1	%
Florida			23,979				4.8	%			29,796				7.7	%			42,621				4.5	%			43,720				5.8	%
New York			17,462				3.5	%			7,980				2.1	%			32,857				3.5	%			16,010				2.1	%
Washington			17,188				3.5	%			13,063				3.4	%			32,059				3.4	%			25,066				3.3	%
Illinois			13,048				2.7	%			4,870				1.3	%			18,637				2.0	%			8,168				1.1	%
Minnesota			12,004				2.4	%			1,243				0.3	%			13,042				1.4	%			2,440				0.3	%
Other			188,541				38.0	%			98,001				25.5	%			370,100				39.5	%			217,097				28.9	%
Total Gross Written Premiums		$	496,288				100.0	%		$	385,184				100.0	%		$	938,452				100.0	%		$	753,262				100.0	%

Gross written premiums by insurance subsidiary are as follows:

		Three Months Ended June 30,																Six Months Ended June 30,
		2025								2024								2025								2024
		($ in thousands)																($ in thousands)
						% of								% of								% of								% of
		Amount				GWP				Amount				GWP				Amount				GWP				Amount				GWP
Subsidiary
PSIC		$	232,983				46.9	%		$	193,709				50.3	%		$	463,900				49.4	%		$	416,366				55.3	%
PESIC			237,943				47.9	%			177,109				46.0	%			428,730				45.7	%			313,603				41.6	%
Laulima			20,134				4.1	%			14,366				3.7	%			36,171				3.9	%			23,293				3.1	%
FIA			5,228				1.1	%			—				—	%			9,651				1.0	%			—				—	%
Total Gross Written Premiums		$	496,288				100.0	%		$	385,184				100.0	%		$	938,452				100.0	%		$	753,262				100.0	%

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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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