XML 32 R25.htm IDEA: XBRL DOCUMENT v3.25.3

Note 4 - Reserve for Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2025

Insurance [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

The following table represents a reconciliation of changes in the ending reserve balances for losses and loss adjustment expenses (“LAE”):

		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
		(in thousands)								(in thousands)
Reserve for losses and LAE net of reinsurance recoverables at beginning of period		$	199,185			$	118,761			$	155,299			$	97,653
Add: Balance acquired from FIA(1)			—				—				6,788				—
Add: Incurred losses and LAE, net of reinsurance, related to:
Current year			78,946				40,536				174,703				100,225
Prior years			(6,134	)			(221	)			(16,964	)			(2,642	)
Total incurred			72,812				40,315				157,739				97,583
Deduct: Loss and LAE payments, net of reinsurance, related to:
Current year			15,655				16,153				38,312				27,909
Prior years			12,629				5,649				37,801				30,053
Total payments			28,284				21,802				76,113				57,962
Reserve for losses and LAE net of reinsurance recoverables at end of period			243,713				137,274				243,713				137,274
Add: Reinsurance recoverables on unpaid losses and LAE at end of period			440,559				360,164				440,559				360,164
Reserve for losses and LAE gross of reinsurance recoverables on unpaid losses and LAE at end of period		$	684,272			$	497,438			$	684,272			$	497,438

(1)Represents amounts recognized in Reserve for losses and LAE net of reinsurance recoverables upon acquisition of FIA on 1/1/2025, in accordance with ASC 805, Business Combinations. See Note 12 for additional information regarding the acquisition.

X

- References

No definition available.

+ Details

Name:	us-gaap_InsuranceAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480081/944-40-50-3

+ Details

Name:	us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration