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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2025
Fair Value Disclosures [Abstract] |
Summary of Financial Instruments Measured at Fair Value on Recurring Basis | The following tables present the categorization for our financial instruments measured at fair value on a recurring basis at December 31, 2025 and 2024:
December 31, 2025 |  | Fair Value Measurements
Description | Total | Level 1 | Level 2 | Level 3
Fixed Maturity, Available-for-Sale: |  |  |  |
US Treasury and government agencies | $ | 104,104 |  | $ | 26,568 |  | $ | 77,536 |  | $ | — |
States, municipalities and political subdivisions | 261,734 |  | — |  | 261,734 |  | — |
Corporate | 783,154 |  | — |  | 783,154 |  | — |
Residential mortgage-backed | 715,597 |  | — |  | 715,597 |  | — |
Commercial mortgage-backed | 145,407 |  | — |  | 145,407 |  | — |
Asset-backed securities | 195,354 |  | — |  | 195,354 |  | — |
Total Fixed Maturity, Available-for-Sale | 2,205,350 |  | 26,568 |  | 2,178,782 |  | — |
Money Market Accounts | 44,751 |  | 44,751 |  | — |  | — |
Corporate-Owned Life Insurance | 13,462 |  | — |  | 13,462 |  | — |
Total Financial Assets Measured at Fair Value | $ | 2,263,563 |  | $ | 71,319 |  | $ | 2,192,244 |  | $ | — |
December 31, 2024 |  | Fair Value Measurements
Description | Total | Level 1 | Level 2 | Level 3
Fixed Maturity, Available-for-Sale: |  |  |  |
US Treasury and government agencies | $ | 117,301 |  | $ | 30,914 |  | $ | 86,387 |  | $ | — |
States, municipalities and political subdivisions | 247,904 |  | — |  | 247,904 |  | — |
Corporate | 689,382 |  |  | 689,382 |  | — |
Residential mortgage-backed | 583,411 |  | — |  | 583,411 |  | — |
Commercial mortgage-backed | 103,554 |  | — |  | 103,554 |  | — |
Asset-backed securities | 126,779 |  |  | 126,779 |  | — |
Total Fixed Maturity, Available-for-Sale | 1,868,331 |  | 30,914 |  | 1,837,417 |  | — |
Short-Term Investments | 100 |  | 100 |  | — |  | — |
Money Market Accounts | 23,098 |  | 23,098 |  | — |  | — |
Corporate-Owned Life Insurance | 13,003 |  | — |  | 13,003 |  | — |
Total Financial Assets Measured at Fair Value | $ | 1,904,532 |  | $ | 54,112 |  | $ | 1,850,420 |  | $ | — |
Summary of Financial Instruments Not Carried at Fair Value on Recurring Basis | The fair value of financial instruments that are not carried at fair value on a recurring basis in the financial statements at December 31, 2025 and 2024 are summarized below:
December 31, 2025
Description | Fair Value Total | Level 1 | Level 2 | Level 3 | Net Asset Value
Financial assets: |  |  |  |  |
Cash and cash equivalents | $ | 111,581 |  | $ | 111,581 |  | $ | — |  | $ | — |  | $ | — |
Other Long Term Investments(1) | 228,507 |  | — |  | 1,409 |  | — |  | 227,098 |
Mortgage Loans | 30,127 |  | — |  | — |  | 30,127 |  | — |
Total | $ | 370,215 |  | $ | 111,581 |  | $ | 1,409 |  | $ | 30,127 |  | $ | 227,098 |
Financial Liabilities: |  |  |  |  |
Long Term Debt | 142,319 |  | — |  | 142,319 |  | — |  | — |
Total | $ | 142,319 |  | $ | — |  | $ | 142,319 |  | $ | — |  | $ | — |
(1) As a member of Lloyd's, the Company participates in the Syndicate results which include the fair value of the investments. As of December 31, 2024, these investments are included in other long-term investments. The fair value of Lloyd's syndicate investments included in other long-term investments was $127.9 million as of December 31, 2025. Also included in our "Other long-term investments" on the Consolidated Balance Sheets is our interest in limited liability partnerships with a current fair value of $99.2 million at December 31, 2025.
December 31, 2024
Description | Fair Value Total | Level 1 | Level 2 | Level 3 | Net Asset Value
Financial assets: |  |  |  |  |
Cash and cash equivalents | $ | 177,851 |  | $ | 177,851 |  | $ | — |  | $ | — |  | $ | — |
Other Long Term Investments | 183,741 |  | — |  | 1,277 |  | — |  | 182,464 |
Mortgage Loans | 38,879 |  | — |  | — |  | 38,879 |  | — |
Total | $ | 400,471 |  | $ | 177,851 |  | $ | 1,277 |  | $ | 38,879 |  | $ | 182,464 |
Financial Liabilities: |  |  |  |  |
Long Term Debt | 108,353 |  | — |  | 108,353 |  | — |  | — |
Total | $ | 108,353 |  | $ | — |  | $ | 108,353 |  | $ | — |  | $ | — |
Summary of Changes in Fair Value of Level 3 Securities | The following table summarizes changes to the Company's financial instruments carried at fair value and classified within Level 3 of the fair value hierarchy for the year ended December 31, 2024. The gains and losses below may include changes in fair value due in part to observable inputs that are a component of the valuation methodology.
Year ended December 31, 2024
|  |  |  | Corporate bonds | Asset-backed securities |  | Total
Beginning Balance - January 1, 2024 |  |  |  | $ | 4,892 |  | $ | 5,692 |  |  | $ | 10,584 |
Realized gains (losses) (1) |  |  |  | — |  | — |  |  | — |
Unrealized gains (losses) (1) |  |  |  | — |  | (869) |  |  | (869) |
Purchases |  |  |  | — |  | — |  |  | — |
Disposals |  |  |  | — |  | — |  |  | — |
Amortization |  |  |  | — |  | — |  |  | — |
Transfers in |  |  |  | — |  | — |  |  | — |
Transfers out |  |  |  | (4,892) |  | (4,823) |  |  | (9,715) |
Ending Balance - December 31, 2024 |  |  |  | $ | — |  | $ | — |  |  | $ | — |
(1) Unrealized gains (losses) are recorded as a component of comprehensive income.

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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