| Metric | FY2025 | FY2024 |
|---|---|---|
| Fixed maturities, available-for-sale, at fair value (amortized cost of $327,910 and $214,505, respectively) | $330.5M+54.4% | $214.0M |
| Short-term investments (amortized cost of $18,121 and $—, respectively) | $18.1M | $0 |
| Total investments | $348.6M+62.9% | $214.0M |
| Cash and cash equivalents | $203.9M+17.7% | $173.2M |
| Restricted cash | $40.2M+564.5% | $6.1M |
| Premiums receivable, net | $45.0M-12.7% | $51.6M |
| Accrued investment income | $3.5M+59.1% | $2.2M |
| Prepaid reinsurance premiums | $275.1M+2.5% | $268.3M |
| Reinsurance recoverable, net | $269.1M-41.8% | $462.1M |
| Property and equipment, net | $5.7M+210.3% | $1.8M |
| Right-of-use assets – operating leases | $449K-82.0% | $2.5M |
| Deferred income tax asset, net | $8.6M | $0 |
| Other assets | $24.9M+52.2% | $16.4M |
| Total assets | $1.23B+2.2% | $1.20B |
| Unpaid losses and loss adjustment expenses | $266.6M-44.0% | $475.7M |
| Income tax payable | $2.7M-77.4% | $11.9M |
| Unearned premiums | $481.6M+14.1% | $421.9M |
| Reinsurance payable | $78.5M+39.4% | $56.3M |
| Advance premiums | $11.8M+79.1% | $6.6M |
| Deferred income tax liability, net | $0-100.0% | $1.1M |
| Long-term debt | $618K-39.9% | $1.0M |
| Lease liabilities – operating leases | $458K-82.5% | $2.6M |
| Deferred policy acquisition costs, net of unearned ceding commissions | $12.9M-59.6% | $31.9M |
| Other liabilities and accrued expenses | $33.0M+23.5% | $26.7M |
| Total liabilities | $888.1M-14.3% | $1.04B |
| Common stock, $0.001 par value, 100,000,000 shares authorized, 19,579,009 shares issued and outstanding at December 31, 2025 and 12,904,495 shares issued and outstanding at December 31, 2024 | $20K+53.8% | $13K |
| Additional paid-in capital | $105.9M+930.7% | $10.3M |
| Accumulated other comprehensive income (loss), net of taxes | $1.9M+689.6% | -$327K |
| Retained earnings | $229.2M+50.3% | $152.4M |
| Total shareholders’ equity | $337.0M+107.5% | $162.4M |
| Total liabilities and shareholders’ equity | $1.23B+2.2% | $1.20B |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.