| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Investments, at fair value | $200.5M-59.7% | $497.1M+15.9% | $428.9M+49.9% | $286.1M |
| Investments in Two Sigma Funds, at fair value (cost 2025: $1,355,563; 2024: $805,623) | $1.59B+69.0% | $939.4M+10.3% | $851.5M+14.9% | $740.7M |
| Total investments | $5.03B+31.8% | $3.81B+22.6% | $3.11B+36.1% | $2.29B |
| Cash and cash equivalents | $1.06B+6.6% | $996.5M+25.4% | $794.5M-26.2% | $1.08B |
| Restricted cash and cash equivalents | $109.7M+5.1% | $104.4M-1.9% | $106.4M-18.7% | $130.8M |
| Premiums receivable | $939.8M+21.8% | $771.7M+17.2% | $658.4M+26.0% | $522.7M |
| Paid losses recoverable | $93.7M-30.3% | $134.4M-7.4% | $145.2M+60.2% | $90.7M |
| Deferred acquisition costs | $257.2M+23.1% | $209.0M+33.2% | $156.9M+36.3% | $115.1M |
| Unpaid losses and loss adjustment expenses recoverable | $1.38B+17.5% | $1.17B+0.9% | $1.16B-1.4% | $1.18B |
| Receivables for investments sold | $58.0M-21.6% | $74.0M+74.5% | $42.4M+11333.7% | $371K |
| Prepaid reinsurance | $296.4M+35.4% | $218.9M+12.7% | $194.3M+18.3% | $164.3M |
| Intangible assets | $86.6M-7.0% | $93.1M+2.3% | $91.0M+4.6% | $87.0M |
| Other assets | $265.4M+27.2% | $208.6M-0.5% | $209.6M+25.2% | $167.5M |
| Total assets | $9.57B+22.8% | $7.80B+16.9% | $6.67B+14.6% | $5.82B |
| Reserve for losses and loss adjustment expenses | $4.42B+25.0% | $3.53B+16.6% | $3.03B+6.1% | $2.86B |
| Unearned premiums | $1.38B+22.7% | $1.12B+23.2% | $911.2M+26.9% | $718.2M |
| Reinsurance balances payable | $296.4M+13.4% | $261.3M-4.1% | $272.3M+11.5% | $244.3M |
| Payable for investments purchased | $209.9M+81.8% | $115.4M+73.3% | $66.6M+38.5% | $48.1M |
| Term loan, net of issuance costs | $149.7M-0.1% | $149.9M+0.1% | $149.8M+0.1% | $149.7M |
| Accounts payable and accrued expenses | $177.3M-4.3% | $185.4M-0.8% | $186.9M+35.4% | $138.1M |
| Payables to related parties | $123.4M+22.9% | $100.4M+1449.7% | $6.5M+32300.0% | $20K |
| Total liabilities | $6.75B+23.5% | $5.47B+18.3% | $4.62B+11.3% | $4.15B |
| Non-controlling interest – TS Hamilton Fund | $172K+34.4% | $128K-3.8% | $133K+11.8% | $119K |
| Common shares: | $154K-20.6% | $194K-23.9% | $255K-16.4% | $305K |
| Additional paid-in capital | $1.13B-2.5% | $1.16B-6.9% | $1.25B+11.6% | $1.12B |
| Accumulated other comprehensive loss | -$4.4M+0.0% | -$4.4M+0.0% | -$4.4M+0.0% | -$4.4M |
| Retained earnings | $1.69B+44.7% | $1.17B+45.8% | $801.4M+46.4% | $547.4M |
| Total shareholders' equity | $2.82B+21.2% | $2.33B+13.7% | $2.05B+23.1% | $1.66B |
| Total liabilities, non-controlling interest, and shareholders’ equity | $9.57B+22.8% | $7.80B+16.9% | $6.67B+14.6% | $5.82B |
| Total fixed maturities | ||||
| Total short-term investments | ||||
| Class A | ||||
| Class B | ||||
| Class C | ||||
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.