XML 56 R44.htm IDEA: XBRL DOCUMENT
v3.25.4

Note 11 - Reinsurance (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Reinsurance Disclosures [Abstract] |
Ceded Credit Risk [Table Text Block] | The following table shows ceded written premiums under fronting and quota share arrangements by line of business for the years ended December 31, 2025, 2024, and 2023:
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | ($ in thousands) |
Casualty |  | $ | 235,119 |  |  | $ | 86,120 |  |  | $ | 36,677 |
Fronting |  |  | 203,813 |  |  |  | 312,173 |  |  |  | 339,376 |
Crop |  |  | 176,200 |  |  |  | 109,975 |  |  |  | 12,110 |
Inland Marine and Other Property |  |  | 145,223 |  |  |  | 103,863 |  |  |  | 108,409 |
Earthquake |  |  | 43,891 |  |  |  | 42,466 |  |  |  | 29,708 |
Total |  | $ | 804,246 |  |  | $ | 654,597 |  |  | $ | 526,280 |
Effects of Reinsurance [Table Text Block] | The effect of reinsurance on premiums written and earned and on losses and LAE incurred for the years ended December 31, 2025, 2024 and 2023, is as follows:
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | Written |  |  | Earned |  |  | Written |  |  | Earned |  |  | Written |  |  | Earned |
|  | ($ in thousands) |
Premiums Written and Earned: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct |  | $ | 1,792,609 |  |  | $ | 1,600,618 |  |  | $ | 1,403,383 |  |  | $ | 1,301,901 |  |  | $ | 1,083,804 |  |  | $ | 959,614 |
Assumed |  |  | 235,643 |  |  |  | 186,566 |  |  |  | 138,578 |  |  |  | 95,468 |  |  |  | 57,754 |  |  |  | 56,107 |
Ceded |  |  | (1,064,230 | ) |  |  | (984,549 | ) |  |  | (897,111 | ) |  |  | (886,682 | ) |  |  | (731,531 | ) |  |  | (669,808 | )
Net |  | $ | 964,022 |  |  | $ | 802,635 |  |  | $ | 644,850 |  |  | $ | 510,687 |  |  | $ | 410,027 |  |  | $ | 345,913 |
|  | 2025 |
|  | Losses |  |  | LAE |  |  | Total |
|  | ($ in thousands) |
Losses and LAE Incurred: |  |  |  |  |  |  |  |  |
Direct |  | $ | 381,708 |  |  | $ | 140,505 |  |  | $ | 522,213 |
Assumed |  |  | 74,188 |  |  |  | 4,837 |  |  |  | 79,025 |
Ceded |  |  | (291,428 | ) |  |  | (81,216 | ) |  |  | (372,644 | )
Net |  | $ | 164,468 |  |  | $ | 64,126 |  |  | $ | 228,594 |
|  | 2024 |
|  | Losses |  |  | LAE |  |  | Total |
|  | ($ in thousands) |
Losses and LAE Incurred: |  |  |  |  |  |  |  |  |
Direct |  | $ | 367,276 |  |  | $ | 75,301 |  |  | $ | 442,577 |
Assumed |  |  | 46,866 |  |  |  | 4,930 |  |  |  | 51,796 |
Ceded |  |  | (305,336 | ) |  |  | (54,278 | ) |  |  | (359,614 | )
Net |  | $ | 108,806 |  |  | $ | 25,953 |  |  | $ | 134,759 |
|  | 2023 |
|  | Losses |  |  | LAE |  |  | Total |
|  | ($ in thousands) |
Losses and LAE Incurred: |  |  |  |  |  |  |  |  |
Direct |  | $ | 228,441 |  |  | $ | 60,834 |  |  | $ | 289,275 |
Assumed |  |  | 19,799 |  |  |  | 1,789 |  |  |  | 21,588 |
Ceded |  |  | (186,706 | ) |  |  | (51,565 | ) |  |  | (238,271 | )
Net |  | $ | 61,534 |  |  | $ | 11,058 |  |  | $ | 72,592 |

X
- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479032/944-605-50-1 + Details
Name: | us-gaap_EffectsOfReinsuranceTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReinsuranceDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of reinsurer or group of reinsurers for whom the entity has a concentration of credit risk. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 1B -SubTopic 825 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477351/944-825-50-1B + Details
Name: | us-gaap_ScheduleOfCededCreditRiskByReinsurerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration