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Note 17 - Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The components of the Company’s income tax expense (benefit) are as follows:
|  | December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | ($ in thousands) |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 53,318 |  |  | $ | 31,006 |  |  | $ | 26,756 |
State |  |  | 960 |  |  |  | 554 |  |  |  | 511 |
Total Current |  |  | 54,278 |  |  |  | 31,560 |  |  |  | 27,267 |
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  | 2,003 |  |  |  | 1,997 |  |  |  | (2,900 | )
State |  |  | 39 |  |  |  | 66 |  |  |  | 74 |
Total Deferred |  |  | 2,042 |  |  |  | 2,063 |  |  |  | (2,826 | )
Income tax expense |  | $ | 56,320 |  |  | $ | 33,623 |  |  | $ | 24,441 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | As of December 31, 2025 and 2024, significant components of the Company’s deferred tax assets and liabilities were as follows:
|  | December 31, |
|  | 2025 |  |  | 2024 |
|  | ($ in thousands) |
Deferred tax assets: |  |  |  |  |  |
Losses and LAE reserve discount |  | $ | 3,445 |  |  | $ | 1,711 |
State tax net operating losses |  |  | 3,271 |  |  |  | 3,372 |
Deferred Intercompany |  |  | 533 |  |  |  | 605 |
Unearned premiums |  |  | 27,017 |  |  |  | 19,550 |
Capitalized organizational costs |  |  | 94 |  |  |  | 124 |
Unrealized losses on investments |  |  | — |  |  |  | 5,134 |
Deferred compensation |  |  | 3,152 |  |  |  | 2,533 |
Lease Liability |  |  | 1,489 |  |  |  | 1,631 |
Other |  |  | 1,487 |  |  |  | 2,230 |
Total deferred tax assets |  | $ | 40,488 |  |  | $ | 36,890 |
Deferred tax liabilities: |  |  |  |  |  |
Deferred acquisition costs |  | $ | (26,824 | ) |  | $ | (19,929 | )
Unrealized gains on investments |  |  | (2,800 | ) |  |  | — |
Internally developed software |  |  | (3,027 | ) |  |  | (1,118 | )
State deferred tax liability |  |  | (1,255 | ) |  |  | (1,216 | )
Right-of-use Asset |  |  | (1,445 | ) |  |  | (1,604 | )
Other |  |  | (1,104 | ) |  |  | (837 | )
Total deferred tax liabilities |  |  | (36,455 | ) |  |  | (24,704 | )
Net deferred tax asset before valuation allowance |  |  | 4,033 |  |  |  | 12,186 |
Valuation allowance |  |  | (3,272 | ) |  |  | (3,372 | )
Total net deferred tax assets |  | $ | 761 |  |  | $ | 8,814 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The following is a reconciliation of the statutory federal income tax rate to the Company’s effective tax rate for the tax years ended December 31, 2025, 2024 and 2023:
|  | Years Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | ($ in thousands) |
Expense computed at federal tax rate |  | $ | 53,212 |  |  |  | 21.00 | % |  | $ | 31,750 |  |  |  | 21.00 | % |  | $ | 21,765 |  |  |  | 21.00 | %
State and local income tax, net of federal (national) income tax effect (1) (2) |  |  | 1,027 |  |  |  | 0.41 | % |  |  | 488 |  |  |  | 0.32 | % |  |  | 719 |  |  |  | 0.69 | %
Nontaxable or nondeductible items |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  | 553 |  |  |  | 0.22 | % |  |  | 429 |  |  |  | 0.28 | % |  |  | 1,523 |  |  |  | 1.47 | %
Dividend received deduction and tax‑exempt interest |  |  | (95 | ) |  |  | (0.04 | )% |  |  | (90 | ) |  |  | (0.06 | )% |  |  | (96 | ) |  |  | (0.09 | )%
Meals & entertainment, penalties & parking |  |  | 447 |  |  |  | 0.18 | % |  |  | 291 |  |  |  | 0.19 | % |  |  | 261 |  |  |  | 0.25 | %
Other |  |  | 1,176 |  |  |  | 0.45 | % |  |  | 755 |  |  |  | 0.50 | % |  |  | 269 |  |  |  | 0.26 | %
Income tax expense |  | $ | 56,320 |  |  |  | 22.22 | % |  | $ | 33,623 |  |  |  | 22.23 | % |  | $ | 24,441 |  |  |  | 23.58 | %
(1) State taxes in California, Oregon, and Illinois made up the majority (greater than 50%) of the tax effect in this category. (2) Certain prior year amounts have been reclassified to conform to the current year presentation. Such reclassifications had no impact on net income.
Schedule of Income Taxes Paid | As of December 31, 2025, the amount of income taxes paid is as follows:
|  | December 31, |
|  | 2025 |  |  | 2024 |
|  | ($ in thousands) |
Income taxes paid |  |  |  |  |  |
Federal |  | $ | 57,961 |  |  | $ | 37,810 |
State |  |  | 1,124 |  |  |  | 644 |
Total income taxes paid |  | $ | 59,085 |  |  | $ | 38,454 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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