v3.26.1
FIXED MATURITY INVESTMENTS
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
FIXED MATURITY INVESTMENTS FIXED MATURITY INVESTMENTS
For certain regulatory trust accounts used as collateral for reinsurance clients, the funds are invested in fixed maturity securities. Accordingly, these investments are restricted for reinsurance clients.

The following table summarizes the fair value of fixed maturity investments:

June 30, 2026December 31, 2025
Fixed maturity securities:
U.S. government and agencies$26,120 $17,979 
Agency residential mortgage-backed securities ("RMBS")23,671 18,258 
Corporate bonds38,487 9,769 
Asset-backed securities ("ABS")
6,058 5,565 
Non-agency RMBS— 600 
Municipal bonds— 857 
  Total fixed maturity securities94,336 53,028 
Liquidity funds
78,529 12,581 
Total fixed maturity investments, at fair value$172,865 $65,609 

Liquidity funds generally include cash and cash equivalents and highly liquid investments.