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LONG-TERM DEBT (Tables)
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consists of the following as of the dates presented (in thousands):
September 30,December 31,
20252024
Surplus note$1,470 $2,573 
5.625% Senior unsecured notes
100,000 100,000 
Total principal amount101,470 102,573 
Less: unamortized debt issuance costs
(799)(1,330)
Total long-term debt, net$100,671 $101,243 
Schedule of Interest Expense
The following table provides interest expense related to long-term debt during the periods presented (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Interest Expense:
Surplus note
$20 $36 $73 $114 
5.625% Senior unsecured notes
1,406 1,406 4,219 4,219 
Non-cash expense (1)
177 177 531 531 
Total
$1,603 $1,619 $4,823 $4,864 
(1) Represents amortization of debt issuance costs.