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Loss and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2025

Liability for Unpaid Claims and Claims Adjustment Expense, Activity in Liability [Abstract]

Summary of Activity related to the loss and LAE reserves

Activity related to the loss and LAE reserves are summarized as follows:


		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
Balances, beginning of period		$	571,812			$	293,687			$	595,487			$	249,567
Less reinsurance recoverables			240,241				78,360				341,051				105,092
Net balances, beginning of period			331,571				215,327				254,436				144,475
Incurred related to:
Current year			66,755				110,255				263,505				279,169
Prior years			(33,515	)			1,409				(55,135	)			1,036
Total incurred		$	33,240			$	111,664			$	208,370			$	280,205
Paid related to:
Current year			36,191				42,433				72,140				91,586
Prior years			12,600				6,599				74,646				55,135
Total paid		$	48,791			$	49,032			$	146,786			$	146,721
Net balances, end of period			316,020				277,959				316,020				277,959
Plus reinsurance recoverables			207,939				78,709				207,939				78,709
Balances at September 30		$	523,959			$	356,668			$	523,959			$	356,668