Fixed-maturity securities, available-for-sale, at estimated fair value (amortized costs 834,274 and 580,122, respectively and allowance for credit losses 0 and 0 respectively)
832,081
716,037
589,720
474,603
Other investments, net
7,000
4,000
4,000
4,044
Total invested assets
839,081
720,037
593,720
478,647
Cash and cash equivalents
1,236,915
1,217,558
1,201,210
861,558
Restricted cash
-
793
786
779
Restricted cash and cash equivalents
793
-
-
-
Restricted cash - variable interest entity
-
482,050
480,972
539,855
Restricted cash and cash equivalents
583,446
-
-
-
Accrued interest income
10,409
9,084
7,281
6,984
Assumed premiums receivable
9,377
9,124
34,290
0
Premiums receivable, net of allowance for credit loss of 8,390 and 3,294, respectively
66,404
69,548
90,576
105,713
Reinsurance recoverable on paid losses, net of allowance for credit loss 0 and 0, respectively
19,784
14,779
16,183
32,197
Reinsurance recoverable on unpaid losses, net of allowance for credit loss 0 and 0, respectively
115,205
130,999
146,128
207,939
Prepaid reinsurance premiums
563,616
82,492
202,748
312,924
Deferred income tax assets, net
22,406
20,813
18,332
11,436
Deferred policy acquisition costs
100,687
88,291
93,728
92,333
Advanced payments of premium tax liability
-
-
-
27
Property and equipment, net
10,010
10,948
11,585
12,399
Right-of-use lease asset, operating
7,625
8,050
8,476
8,913
Intangibles, net
0
30
99
1,999
Goodwill
2,603
2,603
2,603
2,603
Prepaid expenses
9,904
11,425
8,932
9,715
Other assets
845
3,736
816
834
Total assets
3,599,110
2,882,360
2,918,465
2,686,855
Loss and loss adjustment expense reserves
501,020
476,258
439,715
523,959
Unearned premiums
956,331
934,414
1,000,611
824,425
Commissions payable
15,197
12,406
9,049
19,458
Advanced recoveries on reinsurance
-
-
0
0
Assumed premiums payable
-
-
-
1,758
Deferred revenue
90
90
90
90
Reinsurance premiums payable
620,336
68,931
160,330
204,689
Long-term debt, net
29,703
32,386
33,687
34,983
Interest rate swap liability
0
16
62
91
Income taxes payable
150,881
117,203
93,555
35,029
Advanced premiums
68,822
66,358
30,518
41,840
Premium tax liabilities
15,820
12,101
5,075
0
Accounts payable and accrued expenses
27,703
23,163
19,768
21,603
Lease liability, operating
8,947
9,294
9,649
9,975
Other liabilities
9,442
16,128
3,115
4,735
Total liabilities
2,404,292
1,768,748
1,805,224
1,722,635
Common stock (par value 0.01, 1,500,000,000 shares authorized, 115,568,131 and 123,889,446issued and outstading at june 30, 2026 and december 31,2025, respectively)
1,156
1,176
1,239
1,242
Additional paid-in capital
167,771
218,342
351,688
373,461
Accumulated other comprehensive income, net of taxes
-1,635
1,418
7,165
6,754
Retained earnings
1,027,526
892,676
753,149
582,763
Total shareholders' equity
1,194,818
1,113,612
1,113,241
964,220
Total liabilities and shareholders' equity
3,599,110
2,882,360
2,918,465
2,686,855
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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