v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investments    
Investment in related party investment fund, at fair value $ 493,409 $ 504,555
Fixed maturity investments, at fair value 172,865 65,609
Other investments 64,925 62,911
Total investments 731,199 633,075
Cash and cash equivalents 76,322 111,756
Restricted cash and cash equivalents 526,793 531,976
Reinsurance balances receivable 640,870 664,381
Reinsurance recoverable on unpaid loss and loss adjustment expenses 94,790 81,392
Deferred acquisition costs 96,703 99,954
Unearned premiums ceded 63,107 39,223
Other assets 8,800 8,026
Total assets 2,238,584 2,169,783
Liabilities    
Loss and loss adjustment expense reserves 983,774 967,960
Unearned premium reserves 406,490 361,704
Reinsurance balances payable 98,437 95,853
Funds withheld 33,100 16,105
Other liabilities 10,348 15,460
Debt 8,753 4,724
Total liabilities 1,540,902 1,461,806
Commitments and Contingencies (Note 16)
Shareholders' equity    
Preferred share capital (par value $0.10; none issued) 0 0
Ordinary share capital (par value $0.10; issued and outstanding, xxx) (2025: par value $0.10; issued and outstanding, xxx) 3,288 3,390
Additional paid-in capital 462,563 478,910
Retained earnings 231,831 225,677
Total shareholders' equity 697,682 707,977
Total liabilities and equity $ 2,238,584 $ 2,169,783