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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Gross premiums written $ 463,394 $ 346,293 $ 1,177,027 $ 939,257
Change in unearned premiums (104,031) (71,140) (128,115) (166,176)
Gross premiums earned 359,363 275,153 1,048,912 773,081
Ceded premiums earned (116,309) (90,384) (295,958) (205,238)
Net premiums earned 243,054 184,769 752,954 567,843
Net investment income 19,093 12,786 47,941 34,500
Policy fees 2,440 2,133 6,428 5,053
Other income 1,106 416 1,571 965
Total revenue 265,693 200,104 808,894 608,361
Expenses:        
Losses and loss adjustment expenses incurred, net 33,240 111,664 208,370 280,205
Policy acquisition and other underwriting expenses 36,393 22,018 97,062 56,880
General and administrative expenses 45,005 38,007 124,318 91,840
Interest expense 909 1,378 2,739 2,965
Depreciation expense 1,230 707 3,493 1,387
Amortization expense 1,901 1,962 5,693 5,908
Total expenses 118,678 175,736 441,675 439,185
Net income before income tax expense 147,015 24,368 367,219 169,176
Income tax expense 36,018 6,791 93,647 43,144
Net income $ 110,997 $ 17,577 $ 273,572 $ 126,032
Weighted average shares outstanding (in thousands) - Basic 125,249 56,224 83,126 56,224
Weighted average shares outstanding (in thousands) - Diluted 140,113 119,520 129,916 119,610
Earnings per share - Basic $ 0.89 $ 0.31 $ 3.29 $ 2.24
Earnings per share - Diluted $ 0.79 $ 0.15 $ 2.11 $ 1.05