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Financial Services, Insurance (Tables) | 12 Months Ended
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Dec. 31, 2025
Insurance [Abstract] |
Premium Receivable, Allowance for Credit Loss | Below is a rollforward of the premium receivable allowance for credit losses as of December 31, 2025 and 2024:
Year Ended December 31, |  | 2025 |  | 2024 |  | 2023
Beginning balance |  | $ | 142 |  |  | $ | 69 |  |  | $ | — |
Current period provision |  | 358 |  |  | 73 |  |  | 69 |
Write-offs of the allowance |  | — |  |  | — |  |  | — |
Recoveries of previously written-off amounts |  | — |  |  | — |  |  | — |
Ending balance |  | $ | 500 |  |  | $ | 142 |  |  | $ | 69 |
Effect of Reinsurance on Premiums Written and Earned | The effect of reinsurance on premiums written and earned was as follows:
Year Ended December 31, | Direct |  | Assumed |  | Ceded |  | Net Premiums
2025: |  |  |  |  |  |  |
Written | $ | 329,089 |  |  | $ | 31,360 |  |  | $ | 286,551 |  |  | $ | 73,898 |
Earned | 325,493 |  |  | 30,225 |  |  | 288,486 |  |  | 67,232 |
2024: |  |  |  |  |  |  |
Written | $ | 334,311 |  |  | $ | 48,459 |  |  | $ | 294,088 |  |  | $ | 88,682 |
Earned | 298,121 |  |  | 57,081 |  |  | 256,197 |  |  | 99,005 |
2023: |  |  |  |  |  |  |
Written | $ | 233,702 |  |  | $ | 39,585 |  |  | $ | 193,462 |  |  | $ | 79,825 |
Earned | 185,470 |  |  | 18,354 |  |  | 151,913 |  |  | 51,911 |
Summary of Loss Reserve Roll-Forward, Net of Subrogation Recoverable and Reinsurance | Below is the loss and loss reserve expense roll-forward, recoverable and reinsurance, for the affected periods.
Year Ended December 31, | 2025 |  | 2024 |  | 2023
Beginning gross loss and loss adjustment expense reserves | $ | 349,062 |  |  | $ | 197,089 |  |  | $ | 89,907 |
Reinsurance recoverable | 270,081 |  |  | 156,301 |  |  | 80,155 |
Beginning balance of net loss and loss adjustment expense reserves | 78,981 |  |  | 40,788 |  |  | 9,752 |
Losses and loss expenses incurred: |  |  |  |  |
Current year | 42,242 |  |  | 67,937 |  |  | 36,569 |
Prior years | 4,951 |  |  | 4,689 |  |  | 143 |
Total (1) | 47,193 |  |  | 72,626 |  |  | 36,712 |
Loss and loss adjustment expenses (recovered) paid: |  |  |  |  |
Current year | 9,939 |  |  | 16,202 |  |  | 3,798 |
Prior years | 31,967 |  |  | 18,231 |  |  | 1,878 |
Total | 41,906 |  |  | 34,433 |  |  | 5,676 |
Ending net loss and loss adjustment expense reserves | 84,268 |  |  | 78,981 |  |  | 40,788 |
Reinsurance recoverable (2) | 375,722 |  |  | 270,081 |  |  | 156,301 |
Ending gross loss and loss adjustment expense reserves | $ | 459,990 |  |  | $ | 349,062 |  |  | $ | 197,089 |
(1)Total losses and loss expenses (benefit) is net of $(214,987), $(191,151) and $(113,622) for the years ended December 31, 2025, 2024 and 2023, respectively, related to ceded reinsurance. (2)Represents reinsurance recoverable on future loss and loss adjustment expenses. Additionally, the Balance Sheet line "Reinsurance recoverable on paid and unpaid losses" includes reinsurance recoverables of $60,470, $36,210 and $8,765 as of December 31, 2025, 2024 and 2023, respectively, related to previously paid loss and loss adjustment expenses.
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Premium Receivables, including Credit Impairments Premium receivables at December 31, 2025 and 2024, were $75,085 and $57,222, respectively. Management evaluates premium receivables for expected credit losses ("credit impairment") in accordance with the CECL standard, which is further described in Note 2. Basis of Presentation and Significant Accounting Policies.
Short-Duration Insurance Contracts, Schedule of Historical Claims Duration | The claim development tables that follow present, by accident year, incurred and cumulative paid claims and allocated claim adjustment expense on a historical basis. This claim development information is presented on an undiscounted, net of reinsurance basis since 2021, Everspan's entry into the Specialty P&C business. The claim development tables also provide the historical average annual percentage payout of incurred claims by age, net of reinsurance, as supplementary information (identified as unaudited in the tables below). The historical average annual percentage payout for incurred claims is subject to variability due to the impact of both large claim activity and subrogation recoveries, among other items. Commercial Auto
Incurred Claims and Allocated LAE, Net of Reinsurance
Accident Year | Year ended December 31, |  | IBNR Reserves at December 31, 2025 |  | Cumulative Number of Reported Claims
2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  |
| Unaudited |  |  |  |  |  |
2021 | $ | 432 |  |  | $ | 468 |  |  | $ | 978 |  |  | $ | 962 |  |  | $ | 1,212 |  |  | $ | 88 |  |  | 82
2022 |  |  | 8,225 |  |  | 7,866 |  |  | 9,099 |  |  | 9,832 |  |  | 1,292 |  |  | 1,162
2023 |  |  |  |  | 19,459 |  |  | 23,309 |  |  | 25,345 |  |  | 4,279 |  |  | 3,282
2024 |  |  |  |  |  |  | 15,217 |  |  | 14,851 |  |  | 4,027 |  |  | 3,243
2025 |  |  |  |  |  |  |  |  | 4,783 |  |  | 2,972 |  |  | 1,564
|  |  |  |  |  |  | Total |  | $ | 56,024 |  |  |  |  |
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
Accident Year |  | Year ended December 31, |  | Liability for Loss and Loss Adjustment Expenses, Net of Reinsurance
| 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2021 - |  | Before
|  | Unaudited |  |  |  | 2025 |  | 2021
2021 |  | $ | 7 |  |  | $ | 45 |  |  | $ | 150 |  |  | $ | 681 |  |  | $ | 1,013 |  |  |  |  |
2022 |  |  |  | 555 |  |  | 2,325 |  |  | 4,701 |  |  | 6,450 |  |  |  |  |
2023 |  |  |  |  |  | 3,914 |  |  | 10,984 |  |  | 17,056 |  |  |  |  |
2024 |  |  |  |  |  |  |  | 3,554 |  |  | 7,885 |  |  |  |  |
2025 |  |  |  |  |  |  |  |  |  | 557 |  |  |  |  |
|  |  |  |  |  |  |  | Total |  | $ | 32,962 |  |  | $ | 23,062 |  |  | $ | — |
|  |  |  |  |  |  |  |  |  |  |  | Total net liability |  | $ | 23,062 |
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
| Unaudited
Years | 1 |  | 2 |  | 3 |  | 4 |  | 5
| 11.4 | % |  | 19.6 | % |  | 19.0 | % |  | 30.8 | % |  | 27.4 | %
Excess Liability
Incurred Claims and Allocated LAE, Net of Reinsurance
Accident Year | Year ended December 31, |  | IBNR Reserves at December 31, 2025 |  | Cumulative Number of Reported Claims
2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  |
| Unaudited |  |  |  |  |  |
2021 | $ | 3 |  |  | $ | 3 |  |  | $ | 13 |  |  | $ | 15 |  |  | $ | 16 |  |  | 2 |  |  | 2 |
2022 |  |  | 146 |  |  | 129 |  |  | 161 |  |  | 149 |  |  | 58 |  |  | 4 |
2023 |  |  |  |  | 1,579 |  |  | 1,573 |  |  | 1,344 |  |  | 1,162 |  |  | 76 |
2024 |  |  |  |  |  |  | $ | 5,285 |  |  | 7,373 |  |  | 4,106 |  |  | 95 |
2025 |  |  |  |  |  |  |  |  | 10,519 |  |  | 10,098 |  |  | 41 |
|  |  |  |  |  |  | Total |  | $ | 19,400 |  |  |  |  |
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
Accident Year |  | Year ended December 31, |  | Liability for Loss and Loss Adjustment Expenses, Net of Reinsurance
| 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2021 - |  | Before
|  | Unaudited |  |  |  | 2025 |  | 2021
2021 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |
2022 |  |  |  | — |  |  | 1 |  |  | 104 |  |  | 104 |  |  |  |  |
2023 |  |  |  |  |  | 6 |  |  | 258 |  |  | 158 |  |  |  |  |
2024 |  |  |  |  |  |  |  | 101 |  |  | 2,079 |  |  |  |  |
2025 |  |  |  |  |  |  |  |  |  | 162 |  |  |  |  |
|  |  |  |  |  |  |  | Total |  | $ | 2,503 |  |  | $ | 16,897 |  |  | $ | — |
|  |  |  |  |  |  |  |  |  |  |  | Total net liability |  | $ | 16,897 |
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
| Unaudited
Years | 1 |  | 2 |  | 3 |  | 4 |  | 5
| 0.7 | % |  | 11.6 | % |  | 20.6 | % |  | — | % |  | — | %
General Liability
Incurred Claims and Allocated LAE, Net of Reinsurance
Accident Year | Year ended December 31, |  | IBNR Reserves at December 31, 2025 |  | Cumulative Number of Reported Claims
2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  |
| Unaudited |  |  |  |  |  |
2021 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | — |  |  | — |
2022 |  |  | 223 |  |  | 217 |  |  | 425 |  |  | 374 |  |  | 109 |  |  | 4 |
2023 |  |  |  |  | 2,019 |  |  | 1,328 |  |  | 1,784 |  |  | 886 |  |  | 26 |
2024 |  |  |  |  |  |  | $ | 6,915 |  |  | 6,955 |  |  | 5,205 |  |  | 194 |
2025 |  |  |  |  |  |  |  |  | 5,311 |  |  | 3,996 |  |  | 45 |
|  |  |  |  |  |  | Total |  | $ | 14,423 |  |  |  |  |
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
Accident Year |  | Year ended December 31, |  | Liability for Loss and Loss Adjustment Expenses, Net of Reinsurance
| 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2021 - |  | Before
|  | Unaudited |  |  |  | 2025 |  | 2021
2021 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |
2022 |  |  |  | — |  |  | 1 |  |  | 265 |  |  | 266 |  |  |  |  |
2023 |  |  |  |  |  | 24 |  |  | 57 |  |  | 791 |  |  |  |  |
2024 |  |  |  |  |  |  |  | 60 |  |  | 780 |  |  |  |  |
2025 |  |  |  |  |  |  |  |  |  | 15 |  |  |  |  |
|  |  |  |  |  |  |  | Total |  | $ | 1,852 |  |  | $ | 12,572 |  |  | $ | — |
|  |  |  |  |  |  |  |  |  |  |  | Total net liability |  | $ | 12,572 |
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
| Unaudited
Years | 1 |  | 2 |  | 3 |  | 4 |  | 5
| 0.6 | % |  | 4.2 | % |  | 55.9 | % |  | 0.3 | % |  | — | %
Workers Compensation
Incurred Claims and Allocated LAE, Net of Reinsurance
Accident Year | Year ended December 31, |  | IBNR Reserves at December 31, 2025 |  | Cumulative Number of Reported Claims
2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  |
| Unaudited |  |  |  |  |  |
2021 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | — |
2022 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
2023 |  |  |  |  | 6,053 |  |  | 6,056 |  |  | 7,362 |  |  | 2,675 |  |  | 2,384
2024 |  |  |  |  |  |  | 16,486 |  |  | 15,146 |  |  | 5,150 |  |  | 4,889
2025 |  |  |  |  |  |  |  |  | $ | 16,752 |  |  | 404 |  |  | 4,252
|  |  |  |  |  |  | Total |  | $ | 39,260 |  |  |  |  |
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
Accident Year |  | Year ended December 31, |  | Liability for Loss and Loss Adjustment Expenses, Net of Reinsurance
| 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2021 - |  | Before
|  | Unaudited |  |  |  | 2025 |  | 2021
2021 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |
2022 |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
2023 |  |  |  |  |  | 807 |  |  | 3,938 |  |  | 6,230 |  |  |  |  |
2024 |  |  |  |  |  |  |  | 4,139 |  |  | 10,692 |  |  |  |  |
2025 |  |  |  |  |  |  |  |  |  | 4,541 |  |  |  |  |
|  |  |  |  |  |  |  | Total |  | $ | 21,463 |  |  | $ | 17,798 |  |  | $ | — |
|  |  |  |  |  |  |  |  |  |  |  | Total net liability |  | $ | 17,798 |
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
| Unaudited
Years | 1 |  | 2 |  | 3 |  | 4 |  | 5
| 21.8 | % |  | 42.9 | % |  | 31.1 | % |  | — | % |  | — | %
Other (1)
Incurred Claims and Allocated LAE, Net of Reinsurance
Accident Year | Year Ended December 31, |  | IBNR Reserves at December 31, 2025 |  | Cumulative Number of Reported Claims
2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  |
| Unaudited |  |  |  |  |  |
2021 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | — |
2022 |  |  | 1 |  |  | 1 |  |  | 3 |  |  | 1 |  |  | 1 |  |  | 788 |
2023 |  |  |  |  | 6,142 |  |  | 5,907 |  |  | 5,884 |  |  | 2,441 |  |  | 18,743 |
2024 |  |  |  |  |  |  | 23,475 |  |  | 24,292 |  |  | 1,513 |  |  | 57,524 |
2025 |  |  |  |  |  |  |  |  | 3,652 |  |  | 1,595 |  |  | 2,307 |
|  |  |  |  |  |  | Total |  | $ | 33,829 |  |  |  |  |
Cumulative Paid Claims and Allocated LAE, Net of Reinsurance
Accident Year | Year Ended December 31, |  | Liability for Loss and Loss Adjustment Expenses, Net of Reinsurance
2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2021 - |  | Before
| Unaudited |  |  |  | 2025 |  | 2021
2021 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |
2022 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
2023 |  |  |  |  | 966 |  |  | 4,342 |  |  | 5,522 |  |  |  |  |
2024 |  |  |  |  |  |  | 10,802 |  |  | 19,489 |  |  |  |  |
2025 |  |  |  |  |  |  |  |  | 430 |  |  |  |  |
|  |  |  |  |  |  | Total |  | $ | 25,441 |  |  | $ | 8,388 |  |  | $ | — |
|  |  |  |  |  |  |  |  |  |  | Total net liability |  | $ | 8,388 |
Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
| Unaudited
Years | 1 |  | 2 |  | 3 |  | 4 |  | 5
| 18.2 | % |  | 31.1 | % |  | 10.1 | % |  | — | % |  | — | %
(1) Other includes non-standard personal auto, professional liability, business owners products, travel and surety
Reinsurance Recoverable, Credit Quality Indicator | The following table sets forth our five most significant reinsurers by amount of reinsurance recoverables as of December 31, 2025.
Reinsurers |  | Rating (1) |  | Reinsurance Recoverable (2) |  | Unsecured Recoverable (3)
General Reinsurance Company |  | A++ |  | $ | 124,602 |  |  | $ | 100,165 |
Munich Reinsurance Company |  | A+ |  | 57,036 |  |  | 55,196 |
QBE Insurance Corporation |  | A |  | 19,791 |  |  | 19,791 |
Everest Reinsurance Company |  | A+ |  | 17,524 |  |  | 17,932 |
Swiss Reinsurance America Corporation |  | A+ |  | 15,507 |  |  | 14,657 |
All other reinsurers |  |  |  | 201,632 |  |  | 104,054 |
Total recoverables |  |  |  | $ | 436,092 |  |  | $ | 311,795 |
(1)Represents financial strength ratings from AM Best. (2)Represents reinsurance recoverables on paid and unpaid losses. Unsecured amounts from QBE Insurance Corporation is 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 Everspan.

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