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Insurance Contracts (Tables)
 6 Months Ended
Jun. 30, 2025
Insurance [Line Items]  
Schedule of Loss And Loss Expense Reserves And Subrogation Recoverable Table [Table Text Block]
Premium Receivable, Allowance for Credit Loss [Table Text Block]
Six Months Ended June 30,20252024
Beginning balance$142 $— 
Current period provision58 142 
Write-offs of the allowance— — 
Recoveries of previously written-off amounts— — 
Ending balance$200 $142 
At June 30, 2025, and December 31, 2024, $4,931 and $5,690 of premiums were past due.
Summary of Loss Reserve Roll-Forward, Net of Subrogation Recoverable and Reinsurance
Below is the loss and loss reserve expense roll-forward, net of subrogation recoverable and reinsurance, for the affected periods:
Six Months Ended June 30,20252024
Beginning gross loss and loss expense reserves$349,062 $197,089 
Reinsurance recoverable270,081 156,301 
Beginning balance of net loss and loss expense reserves78,981 40,788 
Losses and loss expenses:
Current year21,144 39,375 
Prior years330 3,003 
Total (1)
21,474 42,378 
Loss and loss expenses paid (recovered):
Current year2,745 2,460 
Prior years19,155 10,169 
Total21,900 12,629 
Ending net loss and loss expense reserves 78,555 70,537 
Reinsurance recoverable (2)
305,414 215,490 
Ending gross loss and loss expense reserves$383,969 $286,027 
(1)Total losses and loss adjustment expense (benefit) is net of $(89,957) and $(96,732) for the six months ended June 30, 2025 and 2024, respectively, related to ceded reinsurance.
(2)Represents reinsurance recoverable on future loss and loss expenses. Additionally, the Balance Sheet line "Reinsurance recoverable on paid and unpaid losses" includes reinsurance recoverables (payables) of $71,031 and $35,146 as of June 30, 2025, and 2024, respectively, related to previously paid loss and loss expenses
Prior accident years losses incurred development for the three and six months ended June 30, 2025, was primarily driven by excess liability claims, whereas prior accident years losses incurred development for the three and six months ended June 30, 2024, was primarily driven by increased commercial auto loss experience.
Effects of Reinsurance
The effect of reinsurance on premiums written and earned was as follows:
Three Months Ended June 30,
20252024
WrittenEarnedWrittenEarned
Direct$89,849 $79,600 $90,714 $70,637 
Assumed6,399 6,974 20,492 17,283 
Ceded81,041 70,371 78,917 60,866 
Net premiums
$15,207 $16,203 $32,289 $27,054 
Six Months Ended June 30,
20252024
WrittenEarnedWrittenEarned
Direct$167,040 $160,046 $169,949 $131,973 
Assumed16,123 14,503 37,679 32,805 
Ceded149,952 142,669 149,093 112,145 
Net premiums$33,211 $31,881 $58,535 $52,633 
Reinsurance Recoverable, Credit Quality Indicator The following table sets forth our five most significant reinsurers by amount of reinsurance recoverable as of June 30, 2025.
Reinsurers
Rating
 (1)
Reinsurance
Recoverable
(2)
Unsecured
Recoverable
(3)
General Reinsurance CompanyA++$142,768 $120,301 
Munich Reinsurance CompanyA+33,681 6,741 
QBE Insurance CorporationA24,146 24,146 
Swiss Reinsurance America CorporationA+17,241 15,780 
Guaranty Captive Insurance CompanyNR15,929 — 
All other reinsurers
142,780 78,728 
Total recoverables
$376,545 $245,696 
(1)Represents financial strength ratings from AM Best for P&C reinsurers.
(2)Represents reinsurance recoverables on paid and unpaid losses. Unsecured amounts from QBE Insurance Corporation are also supported by an unlimited, uncapped indemnity from Enstar Holdings (US).
(3)Reinsurance recoverables reduced by ceded premiums payables due to reinsurers, letters of credit, and collateral posted for the benefit of Ambac.