| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Fixed maturity securities available for sale, at fair value (amortized cost: $1,227,605 in 2025; $973,330 in 2024) | $1.22B+30.4% | $939.0M+45.9% | $643.8M | — | $432.7M |
| Equity securities, at fair value (cost: $81,772 in 2025; $32,987 in 2024) | $99.3M+145.1% | $40.5M-6.1% | $43.2M+11.9% | $38.6M+16.0% | $33.3M |
| Equity method investment | $0-100.0% | $2.3M-13.0% | $2.6M | $0 | — |
| Other investments | $28.5M+386.2% | $5.9M | $0 | — | — |
| Total investments | $1.35B+36.9% | $987.7M+43.2% | $689.6M+24.6% | $553.6M+18.8% | $465.9M |
| Cash and cash equivalents | $106.9M+32.9% | $80.4M+56.1% | $51.5M-24.3% | $68.1M+35.4% | $50.3M |
| Restricted cash | $17K-83.2% | $101K-67.0% | $306K+446.4% | $56K-35.6% | $87K |
| Accrued investment income | $11.5M+36.8% | $8.4M+59.8% | $5.3M+39.8% | $3.8M+38.6% | $2.7M |
| Premiums receivable | $452.9M+48.1% | $305.7M+16.7% | $262.0M+60.9% | $162.9M+85.0% | $88.0M |
| Deferred policy acquisition costs, net of ceding commissions and fronting fees | $127.7M+34.6% | $94.9M+55.6% | $61.0M+7.5% | $56.7M+1.4% | $56.0M |
| Reinsurance recoverable on paid losses and loss adjustment expenses | $56.4M+19.9% | $47.1M+46.3% | $32.2M-19.0% | $39.7M+35.2% | $29.4M |
| Reinsurance recoverable on unpaid losses and loss adjustment expenses | $412.3M+18.4% | $348.1M+42.3% | $244.6M+59.0% | $153.9M+20.3% | $127.9M |
| Ceded unearned premiums | $355.9M+28.8% | $276.2M+3.9% | $265.8M+30.2% | $204.1M+250.0% | $58.3M |
| Prepaid expenses and other assets | $110.9M+21.7% | $91.1M+24.9% | $72.9M+65.4% | $44.1M+18.9% | $37.1M |
| Deferred tax assets, net | $761K-91.3% | $8.8M-13.4% | $10.1M-4.7% | $10.6M | — |
| Property and equipment, net | $2.6M+494.6% | $429K+15.0% | $373K-38.1% | $603K+14.4% | $527K |
| Goodwill and intangible assets, net | $61.1M+361.1% | $13.2M+7.5% | $12.3M+49.1% | $8.3M | — |
| Total assets | $3.05B+34.9% | $2.26B+32.4% | $1.71B+30.7% | $1.31B+41.1% | $925.7M |
| Accounts payable and other accrued liabilities | $115.7M+65.0% | $70.1M+65.4% | $42.4M+64.5% | $25.8M+21.0% | $21.3M |
| Reserve for losses and loss adjustment expenses | $688.2M+36.7% | $503.4M+47.1% | $342.3M+47.9% | $231.4M+33.5% | $173.4M |
| Unearned premiums | $988.1M+33.2% | $741.7M+24.2% | $597.1M+26.7% | $471.3M+65.6% | $284.7M |
| Ceded premium payable | $271.4M+42.7% | $190.2M+4.6% | $181.7M+24.4% | $146.1M+290.1% | $37.5M |
| Funds held under reinsurance treaty | $44.9M+60.9% | $27.9M+107.7% | $13.4M+25.6% | $10.7M-1.9% | $10.9M |
| Total liabilities | $2.11B+37.5% | $1.53B+24.0% | $1.24B+34.2% | $921.7M+73.4% | $531.6M |
| Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | $0 | $0 | $0 | $0 | — |
| Common stock, $0.0001 par value, 500,000,000 shares authorized, 26,520,417 and 26,529,402 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $3K+0.0% | $3K+0.0% | $3K+0.0% | $3K+0.0% | $3K |
| Additional paid-in capital | $523.2M+6.0% | $493.7M+40.8% | $350.6M+5.1% | $333.6M+4.6% | $318.9M |
| Accumulated other comprehensive loss | -$2.5M+90.7% | -$26.8M-11.9% | -$24.0M+34.3% | -$36.5M-787.4% | $5.3M |
| Retained earnings | $422.0M+60.9% | $262.2M+81.3% | $144.6M+64.9% | $87.7M+25.4% | $70.0M |
| Total stockholders' equity | $942.7M+29.3% | $729.0M+54.7% | $471.3M+22.5% | $384.8M-2.4% | $394.2M |
| Total liabilities and stockholders' equity | $3.05B+34.9% | $2.26B+32.4% | $1.71B+30.7% | $1.31B+41.1% | $925.7M |
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.