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v3.25.3

Reinsurance (Tables) | 9 Months Ended
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Sep. 30, 2025
Effects of Reinsurance [Line Items] |
Summary of Loss Reinsurance Agreement Retention and Limits | For the treaty period June 1, 2025 through May 31, 2026, the catastrophe excess of loss reinsurance agreement has the following retention and limits:
|  | 1st Event |
|  | Coverage |  | In Excess of |  | Reinsurer Participation |
1st Layer |  | $ | 50 million |  | $ | 50 million |  |  | 48.00 | %
2nd Layer |  | $ | 65 million |  | $ | 100 million |  |  | 100.00 | %
3rd Layer |  | $ | 100 million |  | $ | 165 million |  |  | 98.35 | %
4th Layer |  | $ | 250 million |  | $ | 265 million |  |  | 100.00 | %
5th Layer |  | $ | 92 million |  | $ | 515 million |  |  | 100.00 | %
Purple Re 2023-1 Cat Bond |  | $ | 100 million |  | $ | 607 million |  |  | 100.00 | %
Purple Re 2023-2 Cat Bond |  | $ | 100 million |  | $ | 607 million |  |  | 100.00 | %
Purple Re 2024-1 Cat Bond |  | $ | 300 million |  | $ | 607 million |  |  | 70.00 | %
6th Layer |  | $ | 150 million |  | $ | 607 million |  |  | 30.00 | %
7th Layer |  | $ | 150 million |  | $ | 607 million |  |  | 30.00 | %
Purple Re 2025-1 Class B Cat Bond |  | $ | 250 million |  | $ | 607 million |  |  | 50.00 | %
8th Layer |  | $ | 150 million |  | $ | 607 million |  |  | 50.00 | %
9th Layer |  | $ | 100 million |  | $ | 607 million |  |  | 50.00 | %
Purple Re 2025-1 Class A Cat Bond |  | $ | 257 million |  | $ | 607 million |  |  | 48.64 | %
10th Layer |  | $ | 257 million |  | $ | 607 million |  |  | 51.36 | %
For the treaty period June 1, 2024 through May 31, 2025, the primary homeowners’ catastrophe excess of loss reinsurance agreement has the following retention and limits:
|  | 1st Event |
|  | Coverage |  | In Excess of |  | Reinsurer Participation |
1st Layer |  | $ | 35 million |  | $ | 35 million |  |  | 80.00 | %
2nd Layer |  | $ | 60 million |  | $ | 70 million |  |  | 95.33 | %
3rd Layer |  | $ | 85 million |  | $ | 130 million |  |  | 100.00 | %
4th Layer |  | $ | 170 million |  | $ | 215 million |  |  | 100.00 | %
5th Layer |  | $ | 85 million |  | $ | 385 million |  |  | 100.00 | %
6th Layer |  | $ | 35 million |  | $ | 470 million |  |  | 100.00 | %
Purple Re 2023-1 Cat Bond |  | $ | 100 million |  | $ | 505 million |  |  | 100.00 | %
Purple Re 2023-2 Cat Bond |  | $ | 100 million |  | $ | 505 million |  |  | 100.00 | %
Purple Re 2024-1 Cat Bond |  | $ | 300 million |  | $ | 505 million |  |  | 70.00 | %
7th Layer |  | $ | 150 million |  | $ | 505 million |  |  | 30.00 | %
8th Layer |  | $ | 150 million |  | $ | 505 million |  |  | 30.00 | %
9th Layer |  | $ | 115 million |  | $ | 505 million |  |  | 93.31 | %
10th Layer |  | $ | 28 million |  | $ | 505 million |  |  | 100.00 | %

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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Definition Tabular disclosure of risk undertaken originally by insurer that is not ceded to reinsurer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-3 + Details
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