The following table shows the breakdown of reinsurance balances receivable:
| | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Amount | | % | | Amount | | % | | Premiums receivable | $ | 296,436 | | | 46.3 | % | | $ | 246,533 | | | 37.1 | % | | | | | | | | | | Funds withheld: | | | | | | | | Premiums held by Lloyd's syndicates | 301,288 | | | 47.0 | | | 336,216 | | | 50.6 | | | Funds held by cedants | 33,024 | | | 5.2 | | | 32,337 | | | 4.9 | | | Funds at Lloyd’s | 9 | | | — | | | 44,185 | | | 6.7 | | | | | | | | | | | Profit commission receivable | 11,462 | | | 1.8 | | | 6,459 | | | 1.0 | | | | | | | | | | | Total before provision | 642,219 | | | 100.2 | | | 665,730 | | | 100.2 | | | Provision for expected credit losses | (1,349) | | | (0.2) | | | (1,349) | | | (0.2) | | | Reinsurance balances receivable, net | $ | 640,870 | | | 100.0 | % | | $ | 664,381 | | | 100.0 | % |
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