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Note 6 - Policy Acquisition Costs

12 Months Ended

Dec. 31, 2025

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs [Text Block]

6. Policy Acquisition Costs

The following tables present the policy acquisition costs deferred and amortized over the terms of the policies in force:

		Year ended December 31,
		2025				2024				2023
		($ in thousands)
Deferred Policy Acquisition Costs:
Balance, beginning of year		$	94,881			$	60,990			$	56,740
Additions to deferred balance:
Balance acquired from FIA			1,662				—				—
Direct commissions			450,161				318,474				220,822
Ceding commissions and fronting fees			(206,830	)			(159,925	)			(123,911	)
Premium taxes			15,384				15,491				13,690
Total net additions			260,377				174,040				110,601
Amortization of net policy acquisition costs			(227,540	)			(140,149	)			(106,351	)
Balance, end of year		$	127,718			$	94,881			$	60,990
Acquisition expenses:
Amortization of net policy acquisition costs		$	227,540			$	140,149			$	106,351
Other acquisition costs (net)			(10,407	)			9,508				1,394
Total Acquisition expenses		$	217,133			$	149,657			$	107,745

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- References

No definition available.

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- Definition

The entire disclosure for deferred policy acquisition costs.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Name Accounting Standards Codification
-SubTopic 30
-Topic 944
-Publisher FASB
-URI https://asc.fasb.org/944-30/tableOfContent

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