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RETROCESSION (Tables) | 9 Months Ended
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Sep. 30, 2025
Reinsurance Disclosures [Abstract] |
Schedule of Ceded Credit Risk | The following table provides a breakdown of ceded reinsurance:
|  | Three months ended September 30 |  | Nine months ended September 30
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Gross ceded premiums |  | $ | 21,695 |  |  | $ | 26,598 |  |  | $ | 65,344 |  |  | $ | 64,611 |
Earned ceded premiums |  | $ | 22,181 |  |  | $ | 19,512 |  |  | $ | 58,782 |  |  | $ | 46,603 |
Loss and loss adjustment expenses ceded (1) |  | $ | (2,546) |  |  | $ | 10,070 |  |  | $ | 13,116 |  |  | $ | 47,919 |
(1) For the three months ended September 30, 2025, the negative balance reflects the reversal of previously recognized estimated loss recoverable due to the decrease in loss ratio for certain inward quota share reinsurance.
Schedule of Effects of Reinsurance | The following table shows a breakdown of reinsurance recoverable on unpaid losses and loss adjustment expenses, on a gross and net of collateral basis:
|  | September 30, 2025 |  | December 31, 2024
|  | Gross |  | Net of Collateral(1) |  | Gross |  | Net of Collateral(1)
A- or better by A.M. Best |  | $ | 79,843 |  |  | $ | 71,695 |  |  | $ | 82,181 |  |  | $ | 63,979 |
Not rated |  | 3,440 |  |  | 326 |  |  | 4,109 |  |  | 2,027 |
Total before provision |  | $ | 83,283 |  |  | $ | 72,021 |  |  | $ | 86,290 |  |  | $ | 66,006 |
Provision for credit losses |  | (500) |  |  |  |  | (500) |  |  |
Total reinsurance recoverable, net |  | $ | 82,783 |  |  |  |  | $ | 85,790 |  |  |
(1) Collateral is in the form of cash, letters of credit, funds withheld, and/or cash collateral held in trust accounts. This excludes any excess collateral in order to disclose the aggregate net exposure for each retrocessionaire.

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- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479032/944-605-50-1 + Details
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- Definition Tabular disclosure of reinsurer or group of reinsurers for whom the entity has a concentration of credit risk. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 1B -SubTopic 825 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477351/944-825-50-1B + Details
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