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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 18,878 $ 34,219
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and depreciation 4,136 3,993
Restricted stock and stock option expense 5,218 3,923
Deferred federal income taxes 2,935 8,605
Amortization of bond premium and discount, net 12,536 (16,989)
Net realized investment losses (gains) 3,731 (540)
Loss (income) from equity method investments, net of distributions 342 136
Changes in:    
Premium receivables, net 3,552 28,733
Reinsurance receivables, net 2,593 4,046
Funds held by ceding insurers 6,201 (10,158)
Unpaid losses and loss adjustment expenses (38,710) (10,423)
Unearned premiums 17,530 510
Reinsurance balances payable (5,481) (1,679)
Other assets and liabilities (7,174) 7,672
Contingent commissions (1,220) (429)
Income tax receivable / payable (5,246) (2,657)
Deferred acquisition costs (4,387) 1,590
Prepaid reinsurance premiums (341) 1,698
Net cash provided by operating activities 15,093 52,250
Cash flows from investing activities:    
Proceeds from sale of fixed maturities 201,033 80,236
Proceeds from maturity of fixed maturities 1,749,775 539,542
Proceeds from maturity of preferred stock 0 5,534
Proceeds from other invested assets 9,988 8,641
Purchases of fixed maturities (1,880,892) (682,546)
Purchases of equity securities (25,024) 0
Acquisition of business, net of cash acquired (1,305) 0
Net cash provided by (used for) investing activities 53,575 (48,593)
Cash flows from financing activities:    
Distributions paid to common shareholders (9,987) (9,816)
Distributions paid to preferred shareholders (330) (330)
Purchases of class A common shares 0 (529)
Net cash used for financing activities (10,317) (10,675)
Net change in cash and cash equivalents 58,351 (7,018)
Cash and cash equivalents at beginning of period 17,009 38,037
Cash and cash equivalents at end of period $ 75,360 $ 31,019