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Selected Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2025
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (unaudited) Selected Quarterly Financial Data (unaudited)
The following table provides a summary of unaudited quarterly results for the periods presented (in thousands,
except per share data):
Year Ended December 31, 2025
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Net premiums earned
$65,402
$66,169
$51,999
$59,352
Investment income
4,103
4,780
6,906
5,916
Total revenues
71,886
74,499
62,026
68,075
Total expenses
28,977
50,402
43,253
38,797
Net income
38,096
27,494
13,163
20,869
Basic net income per share
$2.78
$1.62
$0.67
$1.07
Diluted net income per share
$2.78
$1.62
$0.67
$1.07
Year Ended December 31, 2024
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Net premiums earned
$39,283
$40,519
$40,464
$61,789
Investment income
3,248
3,414
3,757
3,761
Total revenues
44,308
46,383
46,543
67,120
Total expenses
31,001
25,950
39,992
56,372
Net income
12,106
14,724
4,513
8,399
Basic and diluted net income per share
$0.90
$1.09
$0.33
$0.62
The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date
periods. This is due to the effects of rounding and changes in the number of weighted-average shares outstanding for
each period.