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Statutory Financial Information (Tables)

12 Months Ended

Dec. 31, 2024

Summary of Extraordinary Dividends Declared

The following extraordinary dividends were declared at December 31, 2024:


(Dollars in thousands)
Company		Property Distributed		Statutory Value at December 31, 2024
Penn-Patriot Insurance Company		Stock of American Insurance Services, Inc.			351,923
Penn-America Insurance Company		Stock of Penn-Star Insurance Company			108,955
United National Insurance Company		Stock of Diamond State Insurance Company and Penn Independent Corporation			129,599

Information for United States Insurance Companies & Global Indemnity Reinsurance, Net of Intercompany Eliminations, as Determined in Accordance With SAP and Bermuda

The following is selected information for the Company’s insurance companies, net of intercompany eliminations, where applicable, as determined in accordance with SAP:


		Years Ended December 31,
(Dollars in thousands)		2024				2023				2022
Statutory capital and surplus, as of end of period		$	498,531			$	402,838			$	367,275
Statutory net income			65,865				60,976				23,044

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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