v3.25.4
Discontinued Operations - Schedule of Results of Ops IIC and UPC (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUE:      
Gross premiums written $ 612,522 $ 647,805 $ 635,709
Change in gross unearned premiums (35,738) 9,197 31,026
Gross premiums earned 648,260 638,608 604,683
Ceded premiums earned (341,408) (364,618) (342,623)
Net premiums earned 306,852 273,990 262,060
Net investment income 22,206 20,795 8,300
Net realized investment gains 1,382 (124) (6,789)
Net unrealized gains on equity securities 4,999 1,996 814
Other revenue 0 0 15
Total revenue 335,439 296,657 264,400
EXPENSES:      
Losses and loss adjustment expenses 46,040 69,319 46,678
Policy acquisition costs 97,844 70,990 75,436
General and administrative expenses 40,463 44,756 37,559
Interest expense 10,815 11,996 10,875
Total expenses 195,162 197,061 170,548
Income before other income 140,277 99,596 93,852
Other loss 2,457 2,063 2,228
Provision (benefit) for income taxes 35,939 25,340 10,876
Discontinued Operations | Interboro Insurance      
REVENUE:      
Gross premiums written 13,120 39,704 34,334
Change in gross unearned premiums (3,336) (3,337) (3,053)
Gross premiums earned 9,784 36,367 31,281
Ceded premiums earned (2,528) (10,044) (11,457)
Net premiums earned 7,256 26,323 19,824
Net investment income 538 2,093 2,274
Net realized investment gains (2) (66) (19)
Other revenue 16 62 64
Total revenue 7,808 28,412 22,143
EXPENSES:      
Losses and loss adjustment expenses 3,179 18,738 16,183
Policy acquisition costs 1,906 8,336 7,910
General and administrative expenses 546 3,483 2,170
Total expenses 5,631 30,557 26,263
Income before other income 2,177 (2,145) (4,120)
Other loss 0 0 11
Income (loss) before income taxes 2,177 (2,145) (4,109)
Provision (benefit) for income taxes 540 (1,544) (1,103)
Income (loss) from discontinued operations, net of tax $ 1,637 $ (601) (3,006)
Discontinued Operations | UPC Insurance      
REVENUE:      
Gross premiums written     (120,608)
Change in gross unearned premiums     198,154
Gross premiums earned     77,546
Ceded premiums earned     (48,203)
Net premiums earned     29,343
Net investment income     2,182
Net realized investment gains     1,343
Net unrealized gains on equity securities     2,080
Other revenue     2,717
Total revenue     37,665
EXPENSES:      
Losses and loss adjustment expenses     36,898
Policy acquisition costs     (1,522)
General and administrative expenses     11,307
Interest expense     22
Total expenses     46,705
Income before other income     (9,040)
Other loss     (2,004)
Income (loss) before income taxes     (11,044)
Provision (benefit) for income taxes     (317)
Income (loss) from discontinued operations, net of tax     $ (10,727)