v3.26.1
RETROCESSION (Tables)
 6 Months Ended
Jun. 30, 2026
Reinsurance Disclosures [Abstract]  
Schedule of Ceded Credit Risk
The following table provides a breakdown of ceded reinsurance:
Three months ended June 30Six months ended June 30
2026202520262025
Gross ceded premiums$36,309 $15,101 $80,773 $43,649 
Earned ceded premiums$31,786 $17,309 $56,899 $36,601 
Loss and loss adjustment expenses ceded$17,110 $9,006 $29,109 $15,662 
Schedule of Effects of Reinsurance
The following table shows a breakdown of losses recoverable on a gross and net of collateral basis:

June 30, 2026December 31, 2025
Gross
Net of Collateral(1)
Gross
Net of Collateral(1)
A- or better by A.M. Best$89,662 $79,155 $78,874 $70,799 
Not rated5,645 2,841 3,035 812 
Total before provision$95,307 $81,996 $81,909 $71,611 
Provision for credit losses(517)(517)
Total reinsurance recoverable, net$94,790 $81,392 
(1) Collateral is in the form of cash, letters of credit, funds withheld, and/or cash collateral held in trust accounts. This excludes any excess collateral in order to disclose the aggregate net exposure for each retrocessionaire.