Global Indemnity Group, LLC(NYSE:GBLI)
Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance, and individual policyholder coverages in the United States; and reinsurance products worldwide. It operates through four segments: Commercial Specialty; Specialty Property; Farm, Ranch, & Stabl...
Website: http://www.globalindemnity.ky
Founded: 2003
Full Time Employees: 412
Sector: Financial Services
Industry: Insurance-Property & Casualty
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-06-30 | 2020-03-31 | 2019-03-31 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2010-09-30 | 2010-06-30 |
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revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||
gross written premiums | 96,450,000 | 85,023,000 | 108,369,000 | 106,801,000 | 98,675,000 | 95,797,000 | 99,767,000 | 100,706,000 | 93,488,000 | 84,386,000 | 98,926,000 | 110,100,000 | 122,985,000 | 163,970,000 | 175,827,000 | 196,823,000 | 190,983,000 | 169,025,000 | 174,303,000 | 175,236,000 | 163,558,000 | 164,549,000 | 155,724,000 | ||||||||||||||||||||||||||||
ceded written premiums | -3,882,000 | -2,542,000 | -2,826,000 | -2,887,000 | -2,811,000 | -3,620,000 | -2,590,000 | -2,955,000 | -1,403,000 | -2,547,000 | -3,303,000 | -4,104,000 | -7,124,000 | -42,114,000 | -32,992,000 | -29,665,000 | |||||||||||||||||||||||||||||||||||
net written premiums | 92,568,000 | 82,481,000 | 105,543,000 | 103,914,000 | 95,864,000 | 92,177,000 | 97,177,000 | 97,751,000 | 92,085,000 | 81,839,000 | 95,623,000 | 105,996,000 | 115,861,000 | 121,856,000 | 142,835,000 | 167,158,000 | 159,482,000 | 109,433,000 | 162,299,000 | 160,653,000 | 147,683,000 | 147,264,000 | 139,112,000 | ||||||||||||||||||||||||||||
change in net unearned premiums | 5,787,000 | 18,159,000 | -5,873,000 | -8,768,000 | -2,548,000 | 9,000 | -1,764,000 | -4,937,000 | 4,494,000 | 10,595,000 | 16,072,000 | 23,160,000 | 24,211,000 | 22,399,000 | 10,809,000 | -11,409,000 | |||||||||||||||||||||||||||||||||||
net earned premiums | 98,355,000 | 100,640,000 | 99,670,000 | 95,146,000 | 93,316,000 | 92,186,000 | 95,413,000 | 92,814,000 | 96,579,000 | 92,434,000 | 111,695,000 | 129,156,000 | 140,072,000 | 144,255,000 | 153,644,000 | 155,749,000 | 148,823,000 | 144,937,000 | 157,565,000 | 149,408,000 | 143,700,000 | 141,847,000 | 144,468,000 | ||||||||||||||||||||||||||||
net investment income | 12,218,000 | 15,264,000 | 17,911,000 | 14,707,000 | 14,782,000 | 16,056,000 | 16,488,000 | 15,311,000 | 14,520,000 | 16,020,000 | 14,200,000 | 13,216,000 | 12,008,000 | 10,716,000 | 8,389,000 | 1,930,000 | 6,592,000 | 7,207,000 | 9,344,000 | 10,633,000 | 9,836,000 | -2,359,000 | 10,129,000 | 7,219,000 | 10,954,000 | 11,404,000 | 11,705,000 | 10,134,000 | 8,840,000 | 8,644,000 | 8,880,000 | 8,795,000 | 6,562,000 | 9,746,000 | 8,375,000 | 8,852,000 | 9,141,000 | 8,241,000 | 6,333,000 | 6,527,000 | 7,677,000 | 8,284,000 | 8,924,000 | 8,486,000 | 9,765,000 | 10,034,000 | 10,292,000 | 14,777,000 | 11,071,000 | 14,089,000 | 13,941,000 |
net realized investment gains | -2,243,000 | 63,000 | -3,994,000 | 127,000 | 136,000 | -85,000 | -512,000 | 205,000 | 847,000 | 307,000 | -133,000 | 138,000 | 2,234,000 | -9,916,000 | -25,385,000 | 8,545,000 | -310,000 | 3,833,000 | 3,819,000 | ||||||||||||||||||||||||||||||||
other income | 847,000 | 762,000 | 611,000 | 540,000 | 417,000 | 291,000 | 372,000 | 357,000 | 345,000 | 500,000 | 299,000 | 282,000 | 354,000 | 526,000 | 30,316,000 | 97,000 | 426,000 | 28,464,000 | 389,000 | 521,000 | 377,000 | 766,000 | 165,000 | 488,000 | 324,000 | 554,000 | 1,138,000 | 2,294,000 | 1,782,000 | 1,368,000 | 742,000 | 7,852,000 | 795,000 | 956,000 | 992,000 | 1,279,000 | 577,000 | 552,000 | 106,000 | 126,000 | 155,000 | 168,000 | 5,307,000 | 183,000 | 247,000 | 54,000 | 133,000 | 101,000 | -40,000 | 173,000 | 342,000 |
total revenues | 109,177,000 | 116,729,000 | 114,198,000 | 110,520,000 | 108,651,000 | 108,448,000 | 111,761,000 | 108,687,000 | 112,291,000 | 109,261,000 | 126,061,000 | 141,893,000 | 150,914,000 | 155,635,000 | 194,583,000 | 147,860,000 | 130,456,000 | 189,153,000 | 166,988,000 | 164,395,000 | 157,732,000 | 178,761,000 | 86,600,000 | 140,186,000 | 128,025,000 | 119,644,000 | 124,485,000 | 120,084,000 | 117,033,000 | 123,913,000 | 149,872,000 | 138,128,000 | 121,669,000 | 124,845,000 | 136,431,000 | 124,060,000 | 145,127,000 | 133,160,000 | 69,003,000 | 75,839,000 | 113,730,000 | 75,183,000 | 101,025,000 | 74,779,000 | 71,489,000 | 71,841,000 | 71,471,000 | 73,418,000 | 70,831,000 | 86,169,000 | 94,582,000 |
yoy | 0.48% | 7.64% | 2.18% | 1.69% | -3.24% | -0.74% | -11.34% | -23.40% | -25.59% | -29.80% | -35.21% | -4.04% | 15.68% | -17.72% | 16.53% | -10.06% | -17.29% | 5.81% | 92.83% | 17.27% | 23.20% | 49.41% | -30.43% | 16.74% | 9.39% | -3.45% | -16.94% | -13.06% | -3.81% | -0.75% | 9.85% | 11.34% | -16.16% | -6.24% | 97.72% | 63.58% | 27.61% | 77.11% | -31.70% | 1.42% | 59.09% | 4.65% | 41.35% | 1.85% | 0.93% | -16.63% | -24.43% | ||||
qoq | -6.47% | 2.22% | 3.33% | 1.72% | 0.19% | -2.96% | 2.83% | -3.21% | 2.77% | -13.33% | -11.16% | -5.98% | -3.03% | -20.02% | 31.60% | 13.34% | -31.03% | 13.27% | 1.58% | 4.22% | -11.76% | 106.42% | -38.22% | 9.50% | 7.00% | -3.89% | 3.66% | 2.61% | -5.55% | -17.32% | 8.50% | 13.53% | -2.54% | -8.49% | 9.97% | -14.52% | 8.99% | 92.98% | -9.01% | -33.32% | 51.27% | -25.58% | 35.10% | 4.60% | -0.49% | 0.52% | -2.65% | 3.65% | -17.80% | -8.89% | |
losses and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||
net losses and loss adjustment expenses | 53,861,000 | 58,718,000 | 49,875,000 | 52,948,000 | 66,738,000 | 53,744,000 | 52,400,000 | 53,662,000 | 53,384,000 | 57,954,000 | 65,116,000 | 78,082,000 | 88,001,000 | 93,456,000 | 88,459,000 | 92,618,000 | 84,695,000 | 90,938,000 | 90,783,000 | 77,647,000 | 58,321,000 | 58,861,000 | 56,072,000 | 66,556,000 | 82,395,000 | 57,700,000 | 62,561,000 | 48,946,000 | 72,162,000 | 78,111,000 | 64,784,000 | 48,498,000 | 77,691,000 | 79,560,000 | 69,619,000 | 24,065,000 | 36,654,000 | 38,270,000 | 38,572,000 | 30,796,000 | 35,483,000 | 34,924,000 | 31,788,000 | 40,054,000 | 35,407,000 | 36,158,000 | 29,789,000 | 32,675,000 | |||
acquisition costs and other operating expenses | 40,763,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
corporate expenses | 9,038,000 | 6,834,000 | 7,844,000 | 7,528,000 | 9,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 5,515,000 | 9,199,000 | 16,064,000 | 13,129,000 | -5,094,000 | 12,132,000 | 15,885,000 | 12,674,000 | 14,265,000 | 8,738,000 | 9,463,000 | 11,708,000 | 3,067,000 | 1,761,000 | 31,184,000 | -12,788,000 | -18,186,000 | 29,742,000 | -9,472,000 | 7,219,000 | 5,314,000 | 44,556,000 | -56,547,000 | 23,894,000 | 5,793,000 | 4,448,000 | -10,304,000 | -16,779,000 | 7,753,000 | 9,280,000 | 46,535,000 | 10,598,000 | -11,468,000 | 1,953,000 | 29,463,000 | -9,727,000 | 9,772,000 | 3,238,000 | 11,294,000 | 8,128,000 | 44,798,000 | 6,974,000 | 37,155,000 | 5,056,000 | 8,440,000 | 12,058,000 | 2,156,000 | 11,484,000 | 7,107,000 | 20,908,000 | 26,003,000 |
income tax expense | 1,269,000 | 2,744,000 | 3,541,000 | 2,785,000 | -1,105,000 | 3,110,000 | 3,125,000 | 2,581,000 | 2,899,000 | 2,840,000 | 1,763,000 | 2,371,000 | 573,000 | -578,000 | 7,438,000 | -626,000 | 844,000 | -11,969,000 | 4,294,000 | -3,298,250 | -7,855,000 | 8,162,000 | 1,063,000 | 2,159,000 | -5,981,000 | -1,345,000 | -3,556,000 | 230,000 | -1,633,000 | 11,590,000 | 3,442,000 | -1,892,000 | -2,222,000 | 1,571,000 | -2,497,000 | 1,146,000 | 1,491,000 | ||||||||||||||
net income | 4,246,000 | 6,455,000 | 12,523,000 | 10,344,000 | -3,989,000 | 9,022,000 | 12,760,000 | 10,093,000 | 11,366,000 | 5,898,000 | 7,700,000 | 9,337,000 | 2,494,000 | 2,339,000 | 23,746,000 | -12,162,000 | -14,773,000 | 25,175,000 | -7,713,000 | 6,375,000 | 5,517,000 | 37,551,000 | -44,578,000 | 19,600,000 | 7,192,000 | 5,701,000 | -22,998,000 | -8,924,000 | 10,089,000 | 12,282,000 | 38,373,000 | 9,535,000 | -5,165,000 | 7,125,000 | 27,304,000 | -3,746,000 | 11,117,000 | 6,794,000 | 11,064,000 | 9,761,000 | 33,208,000 | 8,823,000 | 33,713,000 | 6,948,000 | 8,664,000 | 12,365,000 | 4,378,000 | 9,913,000 | 9,604,000 | 19,762,000 | 24,512,000 |
yoy | -206.44% | -28.45% | -1.86% | 2.49% | -135.10% | 52.97% | 65.71% | 8.10% | 355.73% | 152.16% | -67.57% | -176.77% | -116.88% | -90.71% | -407.87% | -290.78% | -367.77% | -32.96% | -82.70% | -67.47% | -23.29% | 558.67% | 93.83% | -319.63% | -28.71% | -53.58% | -159.93% | -193.59% | -295.33% | 72.38% | 40.54% | -354.54% | -146.46% | 4.87% | 146.78% | -138.38% | -66.52% | -23.00% | -67.18% | 40.49% | 283.29% | -28.65% | 670.05% | -29.91% | -9.79% | -37.43% | -82.14% | ||||
qoq | -34.22% | -48.45% | 21.07% | -359.31% | -144.21% | -29.29% | 26.42% | -11.20% | 92.71% | -23.40% | -17.53% | 274.38% | 6.63% | -90.15% | -295.25% | -17.67% | -158.68% | -426.40% | -220.99% | 15.55% | -85.31% | -184.24% | -327.44% | 172.53% | 26.15% | -124.79% | 157.71% | -188.45% | -17.86% | -67.99% | 302.44% | -284.61% | -172.49% | -73.90% | -828.88% | -133.70% | 63.63% | -38.59% | 13.35% | -70.61% | 276.38% | -73.83% | 385.22% | -19.81% | -29.93% | 182.43% | -55.84% | 3.22% | -51.40% | -19.38% | |
net income margin % | 3.89% | 5.53% | 10.97% | 9.36% | -3.67% | 8.32% | 11.42% | 9.29% | 10.12% | 5.40% | 6.11% | 6.58% | 1.65% | 1.50% | 12.20% | -8.23% | -11.32% | 13.31% | -4.62% | 3.88% | 3.50% | 21.01% | -51.48% | 13.98% | 5.62% | 4.76% | -18.47% | -7.43% | 8.62% | 9.91% | 25.60% | 6.90% | -4.25% | 5.71% | 20.01% | -3.02% | 7.66% | 5.10% | 16.03% | 12.87% | 29.20% | 11.74% | 33.37% | 9.29% | 12.12% | 17.21% | 6.13% | 13.50% | 13.56% | 22.93% | 25.92% |
less: preferred stock distributions | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | ||||||||||||||||||||||||||||||
net income available to common shareholders | 4,136,000 | 6,345,000 | 12,413,000 | 10,234,000 | -4,099,000 | 8,912,000 | 12,650,000 | 9,983,000 | 11,256,000 | 5,788,000 | 7,590,000 | 9,227,000 | 2,384,000 | 2,229,000 | 23,636,000 | -12,272,000 | -14,883,000 | 25,065,000 | -7,823,000 | 6,265,000 | 5,407,000 | ||||||||||||||||||||||||||||||
per share data: | |||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.29 | 0.44 | 0.87 | 0.72 | -0.3 | 0.65 | 0.93 | 0.73 | 0.83 | 0.42 | 0.56 | 0.68 | 0.17 | 0.15 | 1.62 | -0.84 | -1.03 | 1.73 | -0.54 | 0.43 | 0.38 | ||||||||||||||||||||||||||||||
diluted | 0.29 | 0.45 | 0.86 | 0.71 | -0.3 | 0.64 | 0.92 | 0.73 | 0.82 | 0.44 | 0.55 | 0.67 | 0.17 | 0.15 | 1.6 | -0.84 | -1.03 | 1.71 | -0.54 | 0.43 | 0.37 | ||||||||||||||||||||||||||||||
weighted-average number of shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 14,351,153 | 14,192,310 | 14,296,628 | 14,274,926 | 13,867,271 | 13,635,582 | 13,664,542 | 13,609,618 | 13,579,210 | 13,553,168 | 13,522,874 | 13,478,014 | 13,670,732 | 14,482,164 | 14,589,797 | 14,543,234 | 14,514,950 | 14,426,739 | 14,445,434 | 14,412,446 | 14,380,423 | 14,275,500 | 14,249,551 | 14,153,918 | 14,092,397 | 14,055,022 | 17,308,663 | 17,343,292 | 17,335,914 | 17,316,015 | 17,246,717 | 17,254,843 | 17,244,075 | 17,224,051 | 24,253,657 | 25,463,994 | 25,454,579 | 25,449,282 | 25,131,811 | 25,137,531 | 25,128,280 | 25,122,812 | 25,072,712 | 25,082,237 | 25,049,888 | 25,055,116 | 26,722,772 | 25,391,885 | 27,829,555 | 30,273,757 | 30,206,970 |
diluted | 14,405,235 | 14,260,473 | 14,357,909 | 14,341,251 | 13,867,271 | 13,705,715 | 13,800,877 | 13,677,908 | 13,687,412 | 13,666,408 | 13,814,445 | 13,707,984 | 13,929,146 | 14,482,164 | 14,795,962 | 14,543,234 | 14,514,950 | 14,664,330 | 14,445,434 | 14,681,731 | 14,640,658 | 14,389,400 | 14,249,551 | 14,315,091 | 14,334,600 | 14,285,837 | 17,308,663 | 17,343,292 | 17,690,879 | 17,646,080 | 17,547,061 | 17,540,060 | 17,244,075 | 17,444,020 | 24,505,851 | 25,704,931 | 25,680,997 | 25,641,741 | 25,331,420 | 25,334,716 | 25,312,938 | 25,278,907 | 25,174,015 | 25,189,072 | 25,119,035 | 25,099,044 | 26,748,833 | 25,412,586 | 27,836,453 | 30,308,489 | 30,233,002 |
cash distributions declared per common share | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.25 | 0.25 | 0.25 | 0.25 | 0.188 | 0.25 | 0.25 | 0.25 | ||||||||||||||||||||||||||||||||||
acquisition costs and other underwriting expenses | 28,709,250 | 40,415,000 | 36,915,000 | 37,507,000 | 35,555,000 | 37,553,000 | 35,968,000 | 38,269,000 | 35,836,000 | 46,202,000 | 47,101,000 | 53,478,000 | 57,715,000 | 60,876,000 | 61,098,000 | 56,692,000 | 51,582,000 | 59,282,000 | 57,213,000 | 54,764,000 | 53,578,000 | 56,412,000 | 49,743,000 | 47,513,000 | 45,003,000 | 48,723,000 | 45,002,000 | 43,457,000 | 46,551,000 | 47,889,000 | 48,129,000 | 48,542,000 | 52,090,000 | 51,185,000 | 50,934,000 | 50,926,000 | 48,258,000 | 28,505,000 | 27,458,000 | 27,171,000 | 26,485,000 | 28,674,000 | 28,028,000 | 24,472,000 | 24,477,000 | 25,253,000 | 23,223,000 | 23,760,000 | 28,541,000 | 29,008,000 | |
corporate and other operating expenses | 7,034,000 | 5,923,000 | 6,366,000 | 6,373,000 | 6,745,000 | 5,280,000 | 4,990,000 | 6,368,000 | 2,703,000 | 14,064,000 | 2,993,000 | 4,660,000 | 11,187,000 | 5,387,000 | 6,329,000 | 4,276,000 | 8,618,000 | 4,223,000 | 3,205,000 | 10,918,000 | 9,260,000 | 14,669,000 | 4,630,000 | 3,361,000 | 3,054,000 | 4,274,000 | 5,006,000 | 4,255,000 | 3,803,000 | 5,007,000 | 3,567,000 | 4,334,000 | 11,540,000 | 4,945,000 | 3,481,000 | 3,172,000 | 2,961,000 | 4,170,000 | 2,627,000 | 2,472,000 | 2,345,000 | 2,828,000 | 2,039,000 | 2,336,000 | 5,106,000 | 5,063,000 | |||||
interest expense | 4,250 | 17,000 | 3,000 | 12,000 | 410,000 | 2,595,000 | 2,594,000 | 2,596,000 | 2,696,000 | 2,595,000 | 4,712,000 | 4,865,000 | 5,023,000 | 4,940,000 | 4,861,000 | 4,841,000 | 4,836,000 | 4,762,000 | 2,467,000 | 2,228,000 | 2,233,000 | 2,229,000 | 2,215,000 | 2,278,000 | 1,595,000 | 535,000 | 505,000 | 194,000 | 118,000 | 319,000 | 191,000 | 230,000 | 3,585,000 | 1,181,000 | 1,173,000 | 1,180,000 | 1,265,000 | 1,470,000 | 1,825,000 | 1,833,000 | |||||||||||
loss on extinguishment of debt | 3,529,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net realized investment losses | -761,000 | -1,520,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -3,413,000 | -279,500 | -1,759,000 | -203,000 | 7,005,000 | -1,399,000 | -1,253,000 | -2,336,000 | -3,002,000 | -6,303,000 | -5,172,000 | -1,849,000 | -224,000 | -307,000 | |||||||||||||||||||||||||||||||||||||
net incomees and loss adjustment expenses | 72,729,000 | 109,195,000 | 67,297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends/distributions declared per common share | 0.25 | 0.25 | 0.25 | 0.25 | |||||||||||||||||||||||||||||||||||||||||||||||
other than temporary impairment losses on investments | -1,897,000 | -371,000 | -898,000 | -1,020,000 | -578,000 | -110,000 | -2,252,000 | -2,214,000 | -1,217,000 | -1,050,000 | -456,000 | -4,641,000 | -1,898,000 | -341,000 | -433,000 | -6,000 | -37,000 | -25,000 | -9,000 | -177,000 | -1,010,000 | -43,000 | -2,106,000 | -189,000 | -1,326,000 | ||||||||||||||||||||||||||
other net realized investment gains | 38,507,000 | -68,162,000 | 12,287,000 | 3,201,000 | -316,000 | 3,324,000 | 57,000 | -84,000 | 885,000 | 33,030,000 | 4,142,000 | -2,275,000 | 4,298,000 | -6,137,000 | 8,430,000 | -3,933,000 | 1,164,000 | 39,918,000 | -788,000 | 17,217,000 | 1,818,000 | 3,816,000 | 5,800,000 | 1,948,000 | 3,400,000 | 3,267,000 | 1,833,000 | 5,964,000 | |||||||||||||||||||||||
total net realized investment gains | 38,507,000 | -68,162,000 | 10,390,000 | 2,830,000 | -316,000 | 2,426,000 | -963,000 | -662,000 | 775,000 | 30,778,000 | 1,928,000 | -3,492,000 | 3,842,000 | -10,778,000 | 6,532,000 | -4,366,000 | 1,158,000 | 39,881,000 | -813,000 | 17,208,000 | 1,641,000 | 2,806,000 | 5,757,000 | -158,000 | 3,211,000 | 1,941,000 | 1,818,000 | 5,597,000 | |||||||||||||||||||||||
per share data: | |||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 2.63 | -3.13 | 1.38 | 0.51 | 0.41 | -1.33 | -0.51 | 0.58 | 0.71 | 2.22 | 0.55 | -0.3 | 0.41 | 1.15 | -0.15 | 0.44 | 0.27 | 0.44 | 0.39 | 1.32 | 0.35 | 1.34 | 0.28 | 0.35 | 0.49 | 0.19 | 0.39 | 0.35 | 0.65 | 0.81 | |||||||||||||||||||||
diluted | 2.61 | -3.13 | 1.37 | 0.5 | 0.4 | -1.31 | -0.51 | 0.57 | 0.7 | 2.18 | 0.54 | -0.3 | 0.41 | 1.14 | -0.15 | 0.43 | 0.26 | 0.43 | 0.39 | 1.31 | 0.35 | 1.34 | 0.28 | 0.34 | 0.49 | 0.19 | 0.39 | 0.35 | 0.65 | 0.81 | |||||||||||||||||||||
cash dividends declared per share | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | ||||||||||||||||||||||||||||||||||||||||||||||
net realized investment gains: | |||||||||||||||||||||||||||||||||||||||||||||||||||
gross premiums written | 142,201,000 | 158,817,000 | 124,247,000 | 122,635,000 | 126,054,000 | 143,894,000 | 123,751,000 | 136,591,000 | 133,569,000 | 154,319,000 | 141,366,000 | 130,701,000 | 150,148,000 | 166,515,000 | 142,869,000 | 64,053,000 | 67,098,000 | 82,905,000 | 77,197,000 | 62,754,000 | 68,785,000 | 84,245,000 | 74,939,000 | 61,714,000 | 56,949,000 | 67,632,000 | 86,235,000 | 92,050,000 | |||||||||||||||||||||||
net premiums written | 123,416,000 | 136,454,000 | 107,870,000 | 105,832,000 | 109,045,000 | 123,797,000 | 111,506,000 | 113,707,000 | 115,051,000 | 125,310,000 | 116,872,000 | 106,638,000 | 122,497,000 | 146,005,000 | 126,104,000 | 60,686,000 | 63,262,000 | 76,372,000 | 72,861,000 | 58,130,000 | 64,030,000 | 78,346,000 | 71,478,000 | 56,676,000 | 51,455,000 | 61,135,000 | 73,206,000 | 79,523,000 | |||||||||||||||||||||||
net premiums earned | 122,089,000 | 113,917,000 | 108,002,000 | 109,216,000 | 108,619,000 | 107,073,000 | 113,126,000 | 109,472,000 | 119,553,000 | 117,804,000 | 121,636,000 | 123,222,000 | 124,707,000 | 128,877,000 | 127,337,000 | 66,930,000 | 68,028,000 | 66,017,000 | 67,544,000 | 69,586,000 | 64,469,000 | 58,671,000 | 55,996,000 | 61,204,000 | 55,329,000 | 57,859,000 | 70,089,000 | 74,702,000 | |||||||||||||||||||||||
net realized investment losses: | |||||||||||||||||||||||||||||||||||||||||||||||||||
other net realized investment losses | -6,443,000 | -2,629,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total net realized investment losses | -7,493,000 | -2,970,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other than temporary impairment losses on investments recognized in other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in net income of partnerships | 4,378,000 | 9,913,000 | 9,604,000 | 19,762,000 | 24,512,000 | ||||||||||||||||||||||||||||||||||||||||||||||
equity in net income of partnerships, net of taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses on investments | -15,000 | -363,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses on investments recognized in other comprehensive income | -4,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-06-30 | 2020-03-31 | 2019-03-31 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2010-09-30 | 2010-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities: | |||||||||||||||||||||||||||||||||||||||||||||||||||
available for sale, at fair value | 1,323,562,000 | 1,325,502,000 | 1,309,379,000 | 1,336,344,000 | 1,315,399,000 | 1,381,908,000 | 1,395,229,000 | 1,340,046,000 | 1,226,309,000 | 1,287,095,000 | 1,265,606,000 | 1,257,357,000 | 1,281,074,000 | 1,118,129,000 | 1,129,276,000 | 1,201,866,000 | 1,199,969,000 | 1,174,097,000 | 1,214,622,000 | 1,280,116,000 | 1,271,706,000 | 1,294,555,000 | 1,283,870,000 | 1,262,996,000 | 1,241,437,000 | 1,360,163,000 | 1,338,974,000 | 1,309,753,000 | 1,240,031,000 | 1,310,957,000 | 1,306,955,000 | 1,312,909,000 | 1,306,149,000 | 1,548,885,000 | 1,550,622,000 | 1,577,337,000 | 1,283,475,000 | 1,308,771,000 | 1,205,713,000 | 1,196,858,000 | 1,204,364,000 | 1,196,275,000 | 1,184,738,000 | 1,250,110,000 | 1,229,322,000 | 1,259,845,000 | 1,306,788,000 | 1,477,061,000 | 1,480,834,000 | ||
equity securities, at fair value | 26,409,000 | 33,673,000 | 33,625,000 | 12,569,000 | 12,408,000 | 12,284,000 | 12,347,000 | 14,657,000 | 17,045,000 | 16,508,000 | 16,954,000 | 17,153,000 | 17,342,000 | 17,520,000 | 18,006,000 | 17,870,000 | 22,822,000 | 99,978,000 | 90,294,000 | 90,669,000 | 83,449,000 | 220,184,000 | 174,386,000 | 142,534,000 | |||||||||||||||||||||||||||
other invested assets | 10,183,000 | 17,097,000 | 19,084,000 | 22,072,000 | 23,915,000 | 29,413,000 | 29,459,000 | 33,710,000 | 34,021,000 | 38,236,000 | 36,868,000 | 37,282,000 | 37,669,000 | 38,176,000 | 38,222,000 | 140,197,000 | 147,490,000 | 152,651,000 | 155,346,000 | 166,003,000 | 95,522,000 | 35,463,000 | 47,308,000 | 48,705,000 | 83,499,000 | 82,159,000 | 77,820,000 | 73,553,000 | 72,298,000 | 64,213,000 | 66,121,000 | 32,635,000 | 35,798,000 | 32,626,000 | 32,592,000 | ||||||||||||||||
total investments | 1,360,154,000 | 1,376,272,000 | 1,362,088,000 | 1,370,985,000 | 1,351,722,000 | 1,423,605,000 | 1,437,035,000 | 1,388,413,000 | 1,277,375,000 | 1,348,537,000 | 1,340,917,000 | 1,320,041,000 | 1,312,368,000 | 1,303,894,000 | 1,337,302,000 | 1,276,196,000 | 1,299,588,000 | 1,454,495,000 | 1,445,609,000 | 1,430,769,000 | 1,393,593,000 | 1,535,763,000 | 1,493,400,000 | 1,485,794,000 | 1,505,158,000 | 1,479,066,000 | 1,459,486,000 | 1,567,178,000 | 1,541,788,000 | 1,502,671,000 | 1,426,709,000 | 1,466,371,000 | 1,461,761,000 | 1,458,933,000 | 1,449,056,000 | 1,689,106,000 | 1,703,036,000 | 1,728,785,000 | 1,439,186,000 | 1,450,625,000 | 1,345,757,000 | 1,460,162,000 | 1,461,923,000 | 1,432,959,000 | 1,410,547,000 | 1,470,078,000 | 1,429,529,000 | 1,457,335,000 | 1,495,648,000 | 1,615,156,000 | 1,578,451,000 |
cash and cash equivalents | 34,830,000 | 65,542,000 | 75,360,000 | 67,344,000 | 81,146,000 | 17,009,000 | 31,019,000 | 46,731,000 | 38,857,000 | 38,037,000 | 46,470,000 | 45,447,000 | 35,737,000 | 38,846,000 | 18,891,000 | 59,842,000 | 157,896,000 | 78,278,000 | 40,578,000 | 49,105,000 | 47,465,000 | 76,393,000 | 59,751,000 | 37,874,000 | 47,138,000 | 73,522,000 | 74,414,000 | 60,087,000 | 96,464,000 | 127,543,000 | 75,110,000 | 63,779,000 | 70,647,000 | 47,304,000 | 67,037,000 | 146,686,000 | 66,286,000 | 67,142,000 | 58,823,000 | 66,616,000 | 118,353,000 | 99,223,000 | 105,492,000 | 115,953,000 | 111,440,000 | 69,321,000 | 104,460,000 | 108,490,000 | 77,124,000 | 94,397,000 | 105,097,000 |
premium receivables, net of allowance for expected credit losses of 3,687 at march 31, 2026 and 3,640 at december 31, 2025 | 71,411,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 1,488 at march 31, 2026 and december 31, 2025 | 64,416,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
funds held by ceding insurers | 21,979,000 | 22,114,000 | 23,919,000 | 24,416,000 | 24,920,000 | 30,026,000 | 27,194,000 | 27,114,000 | 17,395,000 | 16,989,000 | 19,884,000 | 16,660,000 | 17,339,000 | 19,191,000 | 21,780,000 | 23,906,000 | 26,644,000 | 27,958,000 | 31,334,000 | 33,793,000 | 36,689,000 | 47,820,000 | 47,096,000 | 44,902,000 | 52,110,000 | 49,096,000 | 45,300,000 | 40,274,000 | 38,267,000 | 31,862,000 | 13,114,000 | 19,356,000 | 19,927,000 | 17,281,000 | 16,037,000 | 24,523,000 | 28,047,000 | 23,794,000 | 25,176,000 | 23,762,000 | 25,822,000 | 23,764,000 | 18,662,000 | 30,825,000 | |||||||
deferred income taxes | 21,818,000 | 20,076,000 | 17,947,000 | 20,002,000 | 22,899,000 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred acquisition costs | 40,226,000 | 41,183,000 | 45,523,000 | 43,915,000 | 41,689,000 | 41,136,000 | 40,855,000 | 41,109,000 | 40,231,000 | 42,445,000 | 45,942,000 | 52,019,000 | 58,354,000 | 64,894,000 | 70,164,000 | 70,089,000 | 65,333,000 | 60,331,000 | 70,269,000 | 69,061,000 | 65,698,000 | 70,119,000 | 69,615,000 | 62,854,000 | 65,504,000 | 61,425,000 | 61,647,000 | 62,297,000 | 61,748,000 | 58,090,000 | 57,901,000 | 55,141,000 | 56,051,000 | 55,338,000 | 56,517,000 | 57,398,000 | 52,378,000 | 39,228,000 | 25,238,000 | 26,090,000 | 26,864,000 | 24,237,000 | 22,177,000 | 24,178,000 | 25,980,000 | 22,261,000 | 18,265,000 | 19,438,000 | 20,187,000 | 36,095,000 | 34,727,000 |
intangible assets | 16,729,000 | 16,845,000 | 17,000,000 | 14,000,000 | 14,015,000 | 14,103,000 | 14,191,000 | 14,280,000 | 14,368,000 | 14,456,000 | 14,545,000 | 14,633,000 | 14,721,000 | 14,810,000 | 14,898,000 | 20,068,000 | 20,164,000 | 20,261,000 | 20,565,000 | 20,698,000 | 20,830,000 | 21,227,000 | 21,359,000 | 21,888,000 | 22,285,000 | 22,417,000 | 22,549,000 | 22,682,000 | 22,814,000 | 22,946,000 | 23,079,000 | 23,211,000 | 23,342,000 | 23,475,000 | 23,607,000 | 26,417,000 | 30,630,000 | 38,694,000 | 17,636,000 | 17,725,000 | 17,813,000 | 17,901,000 | 17,990,000 | 18,078,000 | 18,166,000 | 18,255,000 | 18,343,000 | 18,431,000 | 18,520,000 | 19,177,000 | 19,271,000 |
goodwill | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 5,398,000 | 5,398,000 | 5,398,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,521,000 | 6,936,000 | 7,134,000 | 7,011,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 | 4,820,000 |
prepaid reinsurance premiums | 4,196,000 | 3,607,000 | 3,661,000 | 3,605,000 | 3,436,000 | 3,320,000 | 3,260,000 | 3,498,000 | 3,229,000 | 4,958,000 | 7,190,000 | 10,626,000 | 14,224,000 | 17,421,000 | 56,205,000 | 51,538,000 | 52,619,000 | 53,494,000 | 14,431,000 | 15,141,000 | 14,414,000 | 15,854,000 | 15,512,000 | 19,041,000 | 25,237,000 | 24,642,000 | 28,851,000 | 30,827,000 | 32,048,000 | 33,108,000 | 42,583,000 | 38,401,000 | 49,763,000 | 50,405,000 | 44,363,000 | 39,150,000 | 34,619,000 | 39,800,000 | 4,725,000 | 5,464,000 | 6,486,000 | 4,840,000 | 5,199,000 | 5,227,000 | 5,248,000 | 4,726,000 | 5,945,000 | 6,390,000 | 6,621,000 | 12,064,000 | 11,727,000 |
income tax receivable | 2,617,000 | 6,071,000 | 2,150,000 | 605,000 | |||||||||||||||||||||||||||||||||||||||||||||||
lease right of use assets | 7,806,000 | 8,166,000 | 8,424,000 | 8,779,000 | 9,102,000 | 9,295,000 | 8,519,000 | 8,978,000 | 9,288,000 | 9,715,000 | 10,115,000 | 10,790,000 | 11,265,000 | 11,739,000 | 13,461,000 | 15,040,000 | 15,607,000 | 16,051,000 | 19,963,000 | 19,979,000 | |||||||||||||||||||||||||||||||
other assets | 31,731,000 | 29,956,000 | 29,143,000 | 22,570,000 | 21,866,000 | 22,660,000 | 18,834,000 | 16,211,000 | 18,260,000 | 26,362,000 | 20,055,000 | 19,173,000 | 22,565,000 | 23,597,000 | 25,821,000 | 24,008,000 | 29,801,000 | 30,906,000 | 42,345,000 | 40,902,000 | 70,140,000 | 62,332,000 | 69,218,000 | 59,199,000 | 25,897,000 | 31,445,000 | 75,384,000 | 81,259,000 | 67,022,000 | 60,496,000 | 51,104,000 | 70,121,000 | 66,013,000 | 66,005,000 | 49,630,000 | 57,782,000 | 49,732,000 | 59,118,000 | 34,980,000 | 27,492,000 | 27,021,000 | 25,456,000 | 22,812,000 | 14,339,000 | 14,951,000 | 18,541,000 | 17,684,000 | 19,059,000 | 18,227,000 | 24,898,000 | 26,076,000 |
total assets | 1,680,116,000 | 1,720,762,000 | 1,734,088,000 | 1,720,585,000 | 1,713,606,000 | 1,731,253,000 | 1,761,117,000 | 1,738,549,000 | 1,728,242,000 | 1,729,576,000 | 1,767,846,000 | 1,774,002,000 | 1,777,278,000 | 1,800,775,000 | 1,879,137,000 | 1,861,779,000 | 1,959,496,000 | 2,012,809,000 | 1,950,621,000 | 1,937,317,000 | 1,897,646,000 | 2,113,148,000 | 2,028,504,000 | 1,984,908,000 | 1,981,819,000 | 1,963,714,000 | 2,001,669,000 | 2,130,690,000 | 2,104,354,000 | 2,072,385,000 | 1,972,946,000 | 1,981,815,000 | 2,006,094,000 | 1,966,649,000 | 1,957,294,000 | 2,318,619,000 | 2,260,458,000 | 2,273,900,000 | 1,930,033,000 | 1,879,815,000 | 1,977,687,000 | 1,924,089,000 | 1,911,779,000 | 1,918,430,000 | 1,914,822,000 | 1,917,681,000 | 1,903,703,000 | 1,964,347,000 | 1,991,623,000 | 2,353,029,000 | 2,356,217,000 |
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||
unpaid losses and loss adjustment expenses | 747,143,000 | 750,191,000 | 761,681,000 | 776,127,000 | 794,848,000 | 800,391,000 | 840,176,000 | 844,206,000 | 853,602,000 | 850,599,000 | 861,803,000 | 866,951,000 | 857,520,000 | 832,404,000 | 825,594,000 | 804,661,000 | 770,332,000 | 759,904,000 | 731,765,000 | 697,618,000 | 675,908,000 | 651,073,000 | 639,468,000 | 645,959,000 | 613,670,000 | 615,125,000 | 634,664,000 | 649,726,000 | 615,763,000 | 622,088,000 | 651,042,000 | 664,382,000 | 683,850,000 | 676,236,000 | 680,047,000 | 729,509,000 | 769,299,000 | 770,119,000 | 675,472,000 | 739,931,000 | 754,595,000 | 779,047,000 | 779,466,000 | 823,063,000 | 844,918,000 | 864,167,000 | 879,114,000 | 923,778,000 | 941,283,000 | 1,120,463,000 | 1,168,759,000 |
unearned premiums | 177,530,000 | 182,728,000 | 200,941,000 | 195,013,000 | 186,076,000 | 183,411,000 | 183,362,000 | 181,834,000 | 176,630,000 | 182,852,000 | 195,680,000 | 215,187,000 | 241,945,000 | 269,353,000 | 330,536,000 | 336,677,000 | 326,350,000 | 316,566,000 | 313,007,000 | 308,984,000 | 297,012,000 | 314,061,000 | 308,301,000 | 281,684,000 | 304,188,000 | 281,062,000 | 285,397,000 | 290,760,000 | 291,549,000 | 275,884,000 | 286,984,000 | 278,561,000 | 294,426,000 | 287,561,000 | 286,285,000 | 297,657,000 | 295,334,000 | 283,385,000 | 120,815,000 | 127,798,000 | 133,589,000 | 121,588,000 | 116,629,000 | 128,113,000 | 128,572,000 | 108,378,000 | 94,114,000 | 99,087,000 | 103,194,000 | 145,733,000 | 142,278,000 |
reinsurance balances payable | 3,098,000 | 1,860,000 | 2,700,000 | 3,051,000 | 2,786,000 | 8,181,000 | |||||||||||||||||||||||||||||||||||||||||||||
payable for securities | 4,467,000 | 21,594,000 | 2,227,000 | 5,341,000 | 4,126,000 | 2,865,000 | |||||||||||||||||||||||||||||||||||||||||||||
contingent commissions | 2,828,000 | 7,159,000 | 5,606,000 | 4,116,000 | 3,386,000 | 6,826,000 | 5,203,000 | 3,599,000 | 2,598,000 | 5,632,000 | 4,801,000 | 3,431,000 | 3,772,000 | 8,816,000 | 8,357,000 | 6,328,000 | 4,958,000 | 7,903,000 | 8,206,000 | 6,420,000 | 4,479,000 | 8,676,000 | 5,841,000 | 7,170,000 | 6,496,000 | 3,892,000 | 7,984,000 | 5,552,000 | 4,663,000 | 3,553,000 | 9,454,000 | 9,392,000 | 9,498,000 | 8,070,000 | 11,069,000 | 14,397,000 | 13,923,000 | 11,953,000 | 12,985,000 | 12,511,000 | 10,622,000 | 11,819,000 | 12,677,000 | 9,652,000 | 7,302,000 | 8,174,000 | 9,911,000 | 7,843,000 | 6,231,000 | 6,720,000 | 5,927,000 |
income tax payable | 196,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
lease liabilities | 7,902,000 | 8,331,000 | 8,922,000 | 9,346,000 | 9,860,000 | 10,371,000 | 10,836,000 | 11,448,000 | 11,910,000 | 12,733,000 | 13,515,000 | 14,194,000 | 15,042,000 | 15,701,000 | 16,734,000 | 17,912,000 | 18,589,000 | 19,079,000 | 21,700,000 | 21,566,000 | |||||||||||||||||||||||||||||||
other liabilities | 32,842,000 | 42,309,000 | 47,876,000 | 32,303,000 | 28,501,000 | 32,924,000 | 33,851,000 | 29,024,000 | 20,756,000 | 24,770,000 | 37,253,000 | 21,872,000 | 23,756,000 | 30,965,000 | 37,617,000 | 30,602,000 | 29,900,000 | 40,172,000 | 44,952,000 | 48,759,000 | 75,447,000 | 82,754,000 | 78,957,000 | 68,034,000 | 45,323,000 | 50,659,000 | 49,666,000 | 48,404,000 | 47,048,000 | 43,082,000 | 45,761,000 | 60,236,000 | 60,974,000 | 56,084,000 | 53,344,000 | 54,964,000 | 44,302,000 | 48,310,000 | 34,998,000 | 30,624,000 | 26,987,000 | 21,520,000 | 22,955,000 | 23,096,000 | 20,523,000 | 20,273,000 | 22,182,000 | 22,184,000 | 25,546,000 | 31,491,000 | 31,821,000 |
total liabilities | 976,006,000 | 1,014,172,000 | 1,029,953,000 | 1,025,297,000 | 1,026,555,000 | 1,042,104,000 | 1,074,391,000 | 1,071,059,000 | 1,068,747,000 | 1,080,823,000 | 1,137,191,000 | 1,147,594,000 | 1,149,040,000 | 1,174,546,000 | 1,235,543,000 | 1,220,499,000 | 1,289,841,000 | 1,306,188,000 | 1,255,435,000 | 1,227,752,000 | 1,201,189,000 | 1,377,954,000 | 1,353,868,000 | 1,317,253,000 | 1,279,402,000 | 1,259,962,000 | 1,283,275,000 | 1,306,777,000 | 1,276,680,000 | 1,257,218,000 | 1,174,995,000 | 1,199,372,000 | 1,235,345,000 | 1,200,543,000 | 1,207,368,000 | 1,396,907,000 | 1,329,203,000 | 1,347,116,000 | 1,021,743,000 | 981,720,000 | 1,080,859,000 | 1,043,288,000 | 1,038,499,000 | 1,079,527,000 | 1,090,872,000 | 1,090,033,000 | 1,097,085,000 | 1,156,960,000 | 1,196,434,000 | 1,441,795,000 | 1,483,949,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||
series a cumulative fixed rate preferred shares, 1,000 par value; 100,000,000 shares authorized, shares issued and outstanding: 4,000 and 4,000 shares, respectively, liquidation preference: 1,000 per share and 1,000 per share, respectively | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 12,103,283 and 11,844,995, respectively, (inclusive of class a common shares designated as class a-2 common shares of 780,000 and 550,000, respectively); class a common shares outstanding: 10,815,515 and 10,557,227, respectively (inclusive of class a common shares designated as class a-2 common shares of 780,000 and 550,000, respectively); class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 466,723,000 | 465,720,000 | 464,796,000 | 463,816,000 | 463,072,000 | 459,578,000 | 458,714,000 | 457,550,000 | 456,179,000 | 454,791,000 | 454,416,000 | 453,427,000 | 452,385,000 | 451,305,000 | 451,142,000 | 450,052,000 | 448,266,000 | 447,406,000 | 448,776,000 | 447,804,000 | 446,199,000 | 445,173,000 | 443,641,000 | 438,783,000 | 436,035,000 | 435,066,000 | 434,730,000 | 433,254,000 | 432,190,000 | 431,404,000 | 430,283,000 | 532,498,000 | 531,542,000 | 530,556,000 | 529,872,000 | 529,319,000 | 528,259,000 | 527,286,000 | 519,590,000 | 518,889,000 | 518,336,000 | 517,466,000 | 516,653,000 | 515,545,000 | 514,422,000 | 513,548,000 | 512,304,000 | 514,124,000 | 519,065,000 | 621,965,000 | 621,294,000 |
accumulated other comprehensive income, net of tax | -6,596,000 | -4,000,000 | -4,200,000 | -4,657,000 | -6,913,000 | -10,410,000 | -7,847,000 | -18,051,000 | -19,995,000 | -22,863,000 | -38,117,000 | -37,171,000 | -34,615,000 | -43,058,000 | -45,337,000 | -26,625,000 | -12,772,000 | 6,404,000 | 15,036,000 | 18,968,000 | 9,853,000 | ||||||||||||||||||||||||||||||
retained earnings | 272,675,000 | 273,562,000 | 272,231,000 | 264,821,000 | 259,584,000 | 268,673,000 | 264,551,000 | 256,683,000 | 251,474,000 | 244,988,000 | 242,519,000 | 238,315,000 | 232,506,000 | 233,468,000 | 234,693,000 | 214,757,000 | 230,771,000 | 249,301,000 | 227,853,000 | 239,272,000 | 236,688,000 | 256,442,000 | 222,549,000 | 231,176,000 | 291,827,000 | 288,187,000 | 275,838,000 | 381,731,000 | 390,655,000 | 380,566,000 | 368,284,000 | 329,911,000 | 320,376,000 | 325,541,000 | 318,416,000 | 480,882,000 | 484,628,000 | 473,511,000 | 466,717,000 | 455,653,000 | 445,892,000 | 412,684,000 | 403,861,000 | 370,148,000 | 363,200,000 | 354,536,000 | 342,171,000 | 337,792,000 | 327,879,000 | 327,914,000 | 308,152,000 |
class a common shares in treasury, at cost: 1,287,768 and 1,287,768 shares, respectively | -32,692,000 | -32,692,000 | -32,692,000 | -32,692,000 | -32,692,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 704,110,000 | 706,590,000 | 704,135,000 | 695,288,000 | 687,051,000 | 689,149,000 | 686,726,000 | 667,490,000 | 659,495,000 | 648,753,000 | 630,655,000 | 626,408,000 | 628,238,000 | 626,229,000 | 643,594,000 | 641,280,000 | 669,655,000 | 706,621,000 | 695,186,000 | 709,565,000 | 696,457,000 | 735,194,000 | 674,636,000 | 667,655,000 | 702,417,000 | 703,752,000 | 718,394,000 | 823,913,000 | 827,674,000 | 815,167,000 | 797,951,000 | 782,443,000 | 770,749,000 | 766,106,000 | 749,926,000 | 921,712,000 | 931,255,000 | 926,784,000 | 908,290,000 | 898,095,000 | 896,828,000 | 880,801,000 | 873,280,000 | 838,903,000 | 823,950,000 | 827,648,000 | 806,618,000 | 807,387,000 | 795,189,000 | 911,234,000 | 872,268,000 |
total liabilities and shareholders’ equity | 1,680,116,000 | 1,720,762,000 | 1,734,088,000 | 1,720,585,000 | 1,713,606,000 | 1,731,253,000 | 1,761,117,000 | 1,738,549,000 | 1,728,242,000 | 1,729,576,000 | 1,767,846,000 | 1,774,002,000 | 1,777,278,000 | 1,800,775,000 | 1,879,137,000 | 1,861,779,000 | 1,959,496,000 | 2,012,809,000 | 1,950,621,000 | 1,937,317,000 | 1,897,646,000 | 2,113,148,000 | 2,028,504,000 | 1,984,908,000 | 1,981,819,000 | 1,963,714,000 | 2,001,669,000 | 2,130,690,000 | 2,104,354,000 | 2,072,385,000 | 1,972,946,000 | 1,981,815,000 | 2,006,094,000 | 1,966,649,000 | 1,957,294,000 | 2,318,619,000 | 2,260,458,000 | 2,273,900,000 | 1,930,033,000 | 1,879,815,000 | 1,977,687,000 | 1,924,089,000 | 1,911,779,000 | 1,918,430,000 | 1,914,822,000 | 1,917,681,000 | 1,903,703,000 | 1,964,347,000 | 1,991,623,000 | 2,353,029,000 | 2,356,217,000 |
premium receivables, net of allowance for expected credit losses of 3,640 and 3,530 at december 31, 2025 and 2024, respectively | 66,969,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 1,488 and 8,992 at december 31, 2025 and 2024, respectively | 62,595,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
receivable for securities | 52,000 | 19,000 | 65,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 11,844,995 and 11,202,355, respectively, (inclusive of class a common shares designated as class a-2 common shares of 550,000 and 0, respectively); class a common shares outstanding: 10,557,227 and 9,914,587, respectively, (inclusive of class a common shares designated as class a-2 common shares of 550,000 and 0, respectively); class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 3,476 at september 30, 2025 and 3,530 at december 31, 2024 | 75,870,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at september 30, 2025 and december 31, 2024 | 64,262,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 11,818,110 and 11,202,355, respectively, (inclusive of class a common shares designated as class a-2 common shares of 550,000 and 0, respectively); class a common shares outstanding: 10,530,342 and 9,914,587, respectively (inclusive of class a common shares designated as class a-2 common shares of 550,000 and 0, respectively); class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 3,371 at june 30, 2025 and 3,530 at december 31, 2024 | 70,433,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at june 30, 2025 and december 31, 2024 | 67,566,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 11,790,484 and 11,202,355, respectively, (inclusive of class a common shares designated as class a-2 common shares of 550,000 and 0, respectively); class a common shares outstanding: 10,502,716 and 9,914,587, respectively (inclusive of class a common shares designated as class a-2 common shares of 550,000 and 0, respectively); class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 3,475 at march 31, 2025 and 3,530 at december 31, 2024 | 67,844,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at march 31, 2025 and december 31, 2024 | 69,542,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
payable for securities purchased | 1,098,000 | 20,607,000 | 22,115,000 | 1,008,000 | 66,000 | 98,000 | 9,564,000 | 794,000 | 3,707,000 | 11,718,000 | 2,585,000 | 5,252,000 | 553,000 | 10,729,000 | 6,325,000 | 8,387,000 | 3,717,000 | 1,921,000 | 94,000 | 13,595,000 | 6,595,000 | 4,882,000 | 1,269,000 | 2,634,000 | 16,089,000 | 9,608,000 | 10,857,000 | 8,968,000 | |||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 11,768,844 and 11,202,355, respectively, (inclusive of class a common shares designated as class a-2 common shares of 550,000 and 0, respectively); class a common shares outstanding: 10,481,076 and 9,914,587, respectively (inclusive of class a common shares designated as class a-2 common shares of 550,000 and 0, respectively); class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 3,530 and 4,796 at december 31, 2024 and 2023, respectively | 75,088,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at december 31, 2024 and 2023 | 66,855,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deferred federal income taxes | 22,459,000 | 24,491,000 | 30,201,000 | 33,224,000 | 36,802,000 | 41,220,000 | 42,679,000 | 44,489,000 | 47,099,000 | 46,540,000 | 49,671,000 | 45,410,000 | 37,329,000 | 39,852,000 | 37,169,000 | 40,158,000 | 33,967,000 | 42,117,000 | 40,943,000 | 32,843,000 | 30,502,000 | 26,196,000 | 50,549,000 | 43,995,000 | 41,989,000 | 40,957,000 | 39,337,000 | 41,028,000 | 37,324,000 | 34,687,000 | 35,809,000 | 26,884,000 | 25,910,000 | 20,250,000 | 16,817,000 | 13,891,000 | 6,444,000 | 4,206,000 | 6,338,000 | 10,445,000 | 5,770,000 | 10,824,000 | 5,352,000 | 9,923,000 | 6,926,000 | 16,134,000 | |||||
federal income tax receivable | 825,000 | 1,062,000 | 899,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
federal income tax payable | 1,600,000 | 1,595,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 11,202,355 and 11,042,670, respectively; class a common shares outstanding: 9,914,587 and 9,771,429, respectively; class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
class a common shares in treasury, at cost: 1,287,768 and 1,271,241 shares, respectively | -32,692,000 | -32,692,000 | -32,692,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 3,486 at september 30, 2024 and 4,796 at december 31, 2023 | 73,425,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at september 30, 2024 and december 31, 2023 | 76,393,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
ceded balances payable | 963,000 | 948,000 | 1,651,000 | 2,642,000 | 3,532,000 | 3,844,000 | 5,997,000 | 17,241,000 | 16,607,000 | 14,755,000 | 13,247,000 | 35,340,000 | 9,411,000 | 14,339,000 | 10,301,000 | 23,660,000 | 23,932,000 | 14,573,000 | 21,848,000 | 11,928,000 | 10,851,000 | 12,867,000 | 14,795,000 | 7,550,000 | 14,675,000 | 11,718,000 | 12,386,000 | 5,761,000 | 4,589,000 | 4,110,000 | 18,938,000 | 12,509,000 | 2,800,000 | 4,150,000 | 5,896,000 | 2,719,000 | 5,177,000 | 5,093,000 | 4,628,000 | 2,843,000 | 4,201,000 | 3,050,000 | 7,643,000 | 5,175,000 | 4,769,000 | ||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 11,181,998 and 11,042,670, respectively; class a common shares outstanding: 9,894,230 and 9,771,429, respectively; class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 4,043 at june 30, 2024 and 4,796 at december 31, 2023 | 80,587,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at june 30, 2024 and december 31, 2023 | 75,643,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 11,158,442 and 11,042,670, respectively; class a common shares outstanding: 9,870,674 and 9,771,429, respectively; class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 4,423 at march 31, 2024 and 4,796 at december 31, 2023 | 92,440,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at march 31, 2024 and december 31, 2023 | 77,664,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
receivable for securities matured | 101,091,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 11,082,004 and 11,042,670 respectively; class a common shares outstanding: 9,810,763 and 9,771,429, respectively; class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
class a common shares in treasury, at cost: 1,271,241 and 1,271,241 shares, respectively | -32,163,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
available for sale, at fair value (amortized cost: 1,322,092 and 1,301,723; net of allowance for expected credit losses of: 0 at december 31, 2023 and 2022 | 1,293,793,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 4,796 and 3,322 at december 31, 2023 and 2022, respectively | 102,158,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at december 31, 2023 and 2022 | 80,439,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
receivable for securities sold | 3,858,000 | 7,080,000 | 86,000 | 21,252,000 | 1,543,000 | 785,000 | 561,000 | 172,000 | 997,000 | 60,000 | 138,359,000 | 723,000 | 5,160,000 | ||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 11,042,670 and 10,876,041, respectively; class a common shares outstanding: 9,771,429 and 10,073,660, respectively; class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
class a common shares in treasury, at cost: 1,271,241 and 802,381 shares, respectively | -32,163,000 | -32,163,000 | -32,163,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 4,120 at september 30, 2023 and 3,322 at december 31, 2022 | 131,107,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at september 30, 2023 and december 31, 2022 | 85,581,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 11,020,174 and 10,876,041 respectively; class a common shares outstanding: 9,748,933 and 10,073,660, respectively; class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 4,056 at june 30, 2023 and 3,322 at december 31, 2022 | 141,498,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at june 30, 2023 and december 31, 2022 | 95,616,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 11,000,287 and 10,876,041 respectively; class a common shares outstanding: 9,729,046 and 10,073,660, respectively; class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 3,379 at march 31, 2023 and 3,322 at december 31, 2022 | 154,624,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at march 31, 2023 and december 31, 2022 | 86,772,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 10,928,380 and 10,876,041 respectively; class a common shares outstanding: 9,872,697 and 10,073,660, respectively; class b common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
class a common shares in treasury, at cost: 1,055,683 and 802,381 shares, respectively | -26,038,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
available for sale, at fair value (amortized cost: 1,301,723 and 1,193,746; net of allowance for expected credit losses of: 0 at december 31, 2022 and 2021 | 1,248,198,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 3,322 and 2,996 at december 31, 2022 and 2021, respectively | 168,743,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at december 31, 2022 and 2021 | 85,721,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
debt | 126,465,000 | 126,430,000 | 126,394,000 | 126,359,000 | 126,324,000 | 297,730,000 | 294,784,000 | 294,581,000 | 287,324,000 | 286,567,000 | 294,713,000 | 298,935,000 | 296,238,000 | 296,454,000 | 163,143,000 | 173,162,000 | 174,211,000 | 166,737,000 | 172,034,000 | 292,144,000 | |||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 10,876,041 and 10,574,589, respectively; class a common shares outstanding: 10,073,660 and 10,557,093, respectively; class b common shares issued and outstanding: 3,793,612 and 3,947,206, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
class a common shares in treasury, at cost: 802,381 and 17,496 shares, respectively | -19,486,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 2,851 at september 30, 2022 and 2,996 at december 31, 2021 | 160,714,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at september 30, 2022 and december 31, 2021 | 108,541,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 10,701,873 and 10,574,589 respectively; class a common shares outstanding: 10,668,423 and 10,557,093, respectively; class b common shares issued and outstanding: 3,947,206 and 3,947,206, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
class a common shares in treasury, at cost: 33,450 and 17,496 shares, respectively | -904,000 | -904,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 2,919 at june 30, 2022 and 2,996 at december 31, 2021 | 161,959,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at june 30, 2022 and december 31, 2021 | 104,064,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 10,675,757 and 10,574,589 respectively; class a common shares outstanding: 10,642,307 and 10,557,093, respectively; class b common shares issued and outstanding: 3,947,206 and 3,947,206, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 2,937 at march 31, 2022 and 2,996 at december 31, 2021 | 134,278,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at march 31, 2022 and december 31, 2021 | 99,678,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 10,614,555 and 10,574,589 respectively; class a common shares outstanding: 10,592,278 and 10,557,093, respectively; class b common shares issued and outstanding: 3,947,206 and 3,947,206, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
class a common shares in treasury, at cost: 22,277 and 17,496 shares, respectively | -610,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 2,996 and 2,900 at december 31, 2021 and 2020, respectively | 128,444,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at december 31, 2021 and 2020 | 99,864,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 10,574,589 and 10,263,722, respectively; class a common shares outstanding: 10,557,093 and 10,263,722, respectively; class b common shares issued and outstanding: 3,947,206 and 4,133,366, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
class a common shares in treasury, at cost: 17,496 and 0 shares, respectively | -490,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 3,090 at september 30, 2021 and 2,900 at december 31, 2020 | 126,170,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at september 30, 2021 and december 31, 2020 | 92,898,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 10,551,338 and 10,263,722 respectively; class a common shares outstanding: 10,534,245, and 10,263,722, respectively; class b common shares issued and outstanding: 3,947,206 and 4,133,366, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
class a common shares in treasury, at cost: 17,093 and 0 shares, respectively | -479,000 | -479,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
premium receivables, net of allowance for expected credit losses of 2,822 at june 30, 2021 and 2,900 at december 31, 2020 | 123,932,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at june 30, 2021 and december 31, 2020 | 90,247,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 10,532,270 and 10,263,722 respectively; class a common shares outstanding: 10,515,177 and 10,263,722, respectively; class b common shares issued and outstanding: 3,947,206 and 4,133,366, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
premiums receivable, net of allowance | 116,707,000 | 125,300,000 | 115,331,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit losses of 8,992 at march 31, 2021 and december 31, 2020 | 85,431,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares: no par value; 900,000,000 common shares authorized; class a common shares issued: 10,303,832 and 10,263,722 respectively; class a common shares outstanding: 10,293,839 and 10,263,722, respectively; class b common shares issued and outstanding: 4,133,366 and 4,133,366, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
class a common shares in treasury, at cost: 9,993 and 0 shares, respectively | -283,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for credit losses of 8,992 at june 30, 2020 | 91,089,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
federal income taxes receivable | 5,511,000 | 5,510,000 | 11,069,000 | 9,991,000 | 10,157,000 | 10,332,000 | 4,656,000 | 4,840,000 | 4,931,000 | 4,828,000 | 5,187,000 | 4,669,000 | 2,023,000 | 3,139,000 | 422,000 | 3,830,000 | 1,393,000 | 7,493,000 | 6,844,000 | 8,600,000 | 9,762,000 | 7,785,000 | 3,795,000 | ||||||||||||||||||||||||||||
ordinary shares, 0.0001 par value... | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | ||||||||||||||||||||||
accumulated other comprehensive income, net of taxes | 37,693,000 | 12,560,000 | 1,669,000 | -22,475,000 | -16,531,000 | 8,983,000 | 10,085,000 | 5,986,000 | 4,332,000 | -618,000 | 23,279,000 | 22,076,000 | 13,236,000 | 4,078,000 | 13,245,000 | 20,102,000 | 27,705,000 | 23,384,000 | 24,954,000 | 34,001,000 | 52,052,000 | 54,028,000 | 54,456,000 | 47,574,000 | 60,799,000 | 53,350,000 | 56,667,000 | 49,441,000 | |||||||||||||||||||||||
a ordinary shares in treasury, at cost: 120,104 and 115,221 shares, respectively | -4,116,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance receivables, net of allowance for expected credit loss of 8,992 at march 31, 2020 | 83,074,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 119,945 and 115,221 shares, respectively | -4,116,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
premiums receivable | 92,477,000 | 92,567,000 | 77,274,000 | 84,386,000 | 84,462,000 | 86,235,000 | 80,727,000 | 92,094,000 | 86,469,000 | 90,275,000 | 85,568,000 | 89,245,000 | 95,438,000 | 113,218,000 | 96,814,000 | 56,586,000 | 62,211,000 | 70,459,000 | 57,853,000 | 49,888,000 | 40,132,000 | 74,027,000 | 56,732,000 | 45,162,000 | 42,439,000 | 52,696,000 | |||||||||||||||||||||||||
reinsurance receivables | 102,346,000 | 96,568,000 | 97,647,000 | 105,060,000 | 123,769,000 | 107,452,000 | 106,432,000 | 143,774,000 | 108,452,000 | 115,365,000 | 113,564,000 | 115,594,000 | 134,187,000 | 142,828,000 | 145,581,000 | 125,718,000 | 178,193,000 | 182,042,000 | 198,967,000 | 197,887,000 | 221,751,000 | 232,645,000 | 239,684,000 | 241,827,000 | 273,993,000 | 278,095,000 | 463,111,000 | 485,636,000 | |||||||||||||||||||||||
a ordinary shares in treasury, at cost: 110,449 and 76,642 shares, respectively | -3,975,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||
at fair value | 137,789,000 | 133,911,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 74,784 and 29,551 shares, respectively | -2,972,000 | -2,972,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
federal income taxes payable | 533,000 | 299,000 | 220,000 | 219,000 | 1,567,000 | 6,610,000 | 1,595,000 | ||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 29,551 and 0 shares, respectively | -1,159,000 | -1,159,000 | -1,159,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 28,965 and 0 shares, respectively | -1,137,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 0 and 3,110,795 shares, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 3,138,894 and 3,110,795 shares, respectively | -103,248,000 | -103,248,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 3,138,298 and 3,110,795 shares, respectively | -103,230,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 113,696,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 3,110,795 and 3,064,815 shares, respectively | -102,443,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other invested assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 3,076,710 and 3,064,815 shares, respectively | -101,737,000 | -101,737,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
margin borrowing facilities | 187,407,000 | 207,245,000 | 174,673,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 3,076,114 and 3,064,815 shares, respectively | -101,721,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 3,064,815 and 3,059,371 shares, respectively | -101,404,000 | -101,404,000 | -101,404,000 | -101,404,000 | |||||||||||||||||||||||||||||||||||||||||||||||
margin borrowing facility | 62,274,000 | 142,560,000 | 100,000,000 | 100,000,000 | 65,009,000 | ||||||||||||||||||||||||||||||||||||||||||||||
notes and debentures payable | 20,619,000 | 84,929,000 | 84,929,000 | 84,929,000 | 84,929,000 | 102,929,000 | 121,356,000 | 121,427,000 | |||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 3,059,371 and 3,057,001 shares, respectively | -101,265,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 3,058,761 and 3,057,001 shares, respectively | -101,249,000 | -101,249,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 3,058,254 and 3,057,001 shares, respectively | -101,238,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 3,057,001 and 4,619,005 shares, respectively | -101,210,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
a ordinary shares in treasury, at cost: 3,056,520 and 4,619,005 shares, respectively | -101,199,000 | -101,199,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stocks: | |||||||||||||||||||||||||||||||||||||||||||||||||||
common stocks: | |||||||||||||||||||||||||||||||||||||||||||||||||||
securities classified as trading, at fair value | 1,100,000 | 1,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 68,600,000 | 70,483,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 62,235,000 | 43,702,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
class a ordinary shares in treasury, at cost: 3,038,763 and 3,028,106 shares, respectively | -100,883,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common shares, 0.0001 par value... | 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
class a common shares in treasury, at cost: 3,038,760 and 3,028,106 shares, respectively | -100,883,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-06-30 | 2021-03-31 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||
net income | 4,246,000 | 6,455,000 | 12,523,000 | 10,344,000 | -3,989,000 | 9,022,000 | 12,760,000 | 10,093,000 | 11,366,000 | 5,898,000 | 7,700,000 | 9,337,000 | 2,494,000 | 2,339,000 | 23,746,000 | -12,162,000 | -14,773,000 | 6,375,000 | 5,517,000 | 7,192,000 | 5,701,000 | -22,998,000 | -8,924,000 | 10,089,000 | 12,282,000 | 38,373,000 | 9,535,000 | -5,165,000 | 7,125,000 | 27,304,000 | -3,746,000 | 11,117,000 | 6,794,000 | 11,064,000 | 9,761,000 | 33,208,000 | 8,823,000 | 6,948,000 | 8,664,000 | 12,365,000 | 4,378,000 | 9,913,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||
amortization and depreciation | 1,588,000 | 1,526,000 | 1,302,000 | 1,391,000 | 1,443,000 | 1,771,000 | 1,334,000 | 1,354,000 | 1,305,000 | 1,398,000 | 1,459,000 | 1,655,000 | 1,687,000 | 1,962,000 | 3,171,000 | 1,660,000 | 1,605,000 | 2,220,000 | 1,956,000 | 1,811,000 | 1,791,000 | 1,692,000 | 1,671,000 | 1,589,000 | 1,553,000 | 1,555,000 | 1,528,000 | 1,544,000 | 1,685,000 | 1,523,000 | 1,427,000 | 1,225,000 | 1,109,000 | 817,000 | 843,000 | 911,000 | 895,000 | 193,000 | 193,000 | 192,000 | 539,000 | 400,000 |
restricted stock and stock option expense | 1,003,000 | 924,000 | 980,000 | 744,000 | 3,494,000 | 864,000 | 1,164,000 | 1,371,000 | 1,388,000 | 375,000 | 989,000 | 1,042,000 | 1,080,000 | 162,000 | 1,091,000 | 1,786,000 | 860,000 | 1,605,000 | 1,148,000 | 969,000 | 336,000 | 770,000 | 1,064,000 | 786,000 | 1,121,000 | 1,032,000 | 956,000 | 984,000 | 559,000 | 600,000 | 1,060,000 | 972,000 | 7,639,000 | 664,000 | 553,000 | 870,000 | 813,000 | 1,123,000 | 896,000 | 1,222,000 | 747,000 | 591,000 |
deferred income taxes | -1,045,000 | |||||||||||||||||||||||||||||||||||||||||
amortization of bond premium and discount | -844,000 | -827,000 | -783,000 | 2,764,000 | 10,555,000 | 1,333,000 | -5,614,000 | -7,117,000 | -4,258,000 | -2,875,000 | -2,149,000 | -1,178,000 | -547,000 | -68,000 | -293,000 | 167,000 | 1,461,000 | 1,648,000 | 1,395,000 | 1,577,000 | 1,543,000 | 1,762,000 | 1,879,000 | 1,807,000 | 2,451,000 | 2,430,000 | 2,318,000 | 2,567,000 | 2,513,000 | 3,086,000 | 3,369,000 | 3,476,000 | 3,712,000 | 3,402,000 | 2,001,000 | 1,852,000 | 1,848,000 | 1,701,000 | 1,692,000 | 1,407,000 | 1,731,000 | 1,701,000 |
net realized investment losses | 2,243,000 | -63,000 | 85,000 | 512,000 | -205,000 | -847,000 | -307,000 | 133,000 | 761,000 | 1,520,000 | -138,000 | -2,234,000 | 9,916,000 | 25,385,000 | -3,819,000 | -30,778,000 | -1,928,000 | 3,492,000 | 7,493,000 | 813,000 | ||||||||||||||||||||||
loss from equity method investments, net of distributions | 1,962,000 | -33,000 | -615,000 | 718,000 | 239,000 | 368,000 | -390,000 | -2,481,000 | 6,000 | 24,000 | 82,000 | 187,000 | 449,000 | 5,430,000 | 483,000 | |||||||||||||||||||||||||||
changes in: | ||||||||||||||||||||||||||||||||||||||||||
premium receivables | -4,442,000 | 8,901,000 | -1,103,000 | -2,589,000 | 7,244,000 | -1,663,000 | 7,162,000 | 11,853,000 | 9,718,000 | 28,949,000 | 10,391,000 | 13,126,000 | 14,119,000 | -8,029,000 | 1,245,000 | -27,681,000 | -5,834,000 | |||||||||||||||||||||||||
reinsurance receivables | -1,821,000 | 1,667,000 | 3,304,000 | 1,976,000 | -2,687,000 | 9,538,000 | -750,000 | 2,021,000 | 2,775,000 | 5,142,000 | 10,035,000 | -8,844,000 | -1,051,000 | 22,820,000 | -4,477,000 | -4,386,000 | 186,000 | -4,816,000 | 3,277,000 | 1,079,000 | 7,413,000 | 18,709,000 | -16,317,000 | -1,020,000 | 37,342,000 | -35,322,000 | 6,913,000 | -1,801,000 | 2,030,000 | 18,593,000 | 9,760,000 | 2,753,000 | -7,140,000 | 52,475,000 | 3,849,000 | 16,925,000 | -1,080,000 | 10,894,000 | 7,039,000 | 2,143,000 | 32,166,000 | 4,102,000 |
funds held by ceding insurers | 188,000 | 1,829,000 | 516,000 | 660,000 | 5,025,000 | -2,951,000 | -6,000 | -9,660,000 | -492,000 | 3,218,000 | -3,406,000 | 732,000 | 1,598,000 | 2,917,000 | 1,963,000 | 2,450,000 | 1,455,000 | 2,813,000 | 8,672,000 | -3,742,000 | -4,168,000 | -5,059,000 | -1,638,000 | -6,287,000 | -18,651,000 | 6,242,000 | 571,000 | -2,646,000 | -1,244,000 | 8,486,000 | 3,524,000 | -4,253,000 | 1,390,000 | -1,414,000 | 2,060,000 | -2,058,000 | -5,102,000 | |||||
unpaid losses and loss adjustment expenses | -3,048,000 | -11,490,000 | -14,446,000 | -18,721,000 | -5,543,000 | -39,785,000 | -4,030,000 | -9,396,000 | 3,003,000 | -11,204,000 | -5,148,000 | 9,431,000 | 25,116,000 | 6,810,000 | 20,933,000 | 34,329,000 | 10,428,000 | 21,710,000 | 13,097,000 | -1,455,000 | -19,539,000 | -15,062,000 | 33,963,000 | -6,325,000 | -28,954,000 | -13,340,000 | -19,468,000 | 7,614,000 | -3,811,000 | -49,462,000 | -40,909,000 | -236,000 | 5,693,000 | -64,459,000 | -14,664,000 | -24,452,000 | -419,000 | -21,855,000 | -19,249,000 | -14,947,000 | -44,664,000 | -17,505,000 |
unearned premiums | -5,198,000 | -18,213,000 | 5,928,000 | 8,937,000 | 2,665,000 | 49,000 | 1,528,000 | 5,204,000 | -6,222,000 | -12,828,000 | -19,507,000 | -26,758,000 | -27,408,000 | -61,183,000 | -6,141,000 | 10,327,000 | 9,784,000 | 11,972,000 | 5,517,000 | 23,126,000 | -4,335,000 | -5,363,000 | -789,000 | 15,665,000 | -11,100,000 | 8,423,000 | -15,865,000 | 6,865,000 | 1,276,000 | -11,372,000 | 2,323,000 | 11,949,000 | -9,664,000 | -6,983,000 | -5,791,000 | 12,001,000 | 4,959,000 | -459,000 | 20,194,000 | 14,264,000 | -4,973,000 | -4,107,000 |
reinsurance balances payable | 1,238,000 | -840,000 | -351,000 | 265,000 | -5,395,000 | |||||||||||||||||||||||||||||||||||||
other assets and liabilities | -12,784,000 | -3,315,000 | -3,401,000 | 1,530,000 | -5,303,000 | -2,371,000 | -3,975,000 | 9,139,000 | 2,508,000 | -17,031,000 | 9,740,000 | -293,000 | -7,386,000 | -9,416,000 | 588,000 | 4,573,000 | -8,559,000 | 1,952,000 | -10,329,000 | -1,133,000 | 45,398,000 | 4,381,000 | -13,267,000 | -4,740,000 | -13,435,000 | 4,283,000 | -6,400,000 | 4,541,000 | -17,489,000 | 7,129,000 | 113,000 | 4,043,000 | -17,355,000 | -3,715,000 | 3,906,000 | 2,017,000 | -5,606,000 | 2,999,000 | 4,126,000 | -3,527,000 | 920,000 | -4,543,000 |
contingent commissions | -4,331,000 | 1,553,000 | 1,490,000 | 730,000 | -3,440,000 | 1,623,000 | 1,604,000 | 1,001,000 | -3,034,000 | 831,000 | 1,370,000 | -341,000 | -5,044,000 | 459,000 | 2,029,000 | 1,370,000 | -2,945,000 | 1,941,000 | -6,353,000 | 2,604,000 | -4,092,000 | 2,432,000 | 889,000 | 1,110,000 | -5,901,000 | 62,000 | -106,000 | 1,428,000 | -2,999,000 | -3,355,000 | 474,000 | 1,970,000 | -5,353,000 | 474,000 | 1,889,000 | -1,197,000 | -858,000 | 2,350,000 | -872,000 | -1,737,000 | 2,068,000 | 1,612,000 |
income tax receivable / payable | 2,813,000 | 3,454,000 | -3,921,000 | |||||||||||||||||||||||||||||||||||||||
deferred acquisition costs | 957,000 | 4,340,000 | -1,608,000 | -2,226,000 | -553,000 | -281,000 | 254,000 | -878,000 | 2,214,000 | 3,497,000 | 6,077,000 | 6,335,000 | 6,540,000 | 5,270,000 | -75,000 | -4,756,000 | -5,002,000 | -3,363,000 | -503,000 | -4,079,000 | 222,000 | 650,000 | -549,000 | -3,658,000 | -189,000 | -2,760,000 | 910,000 | -713,000 | 1,179,000 | 881,000 | -5,020,000 | -13,150,000 | -13,990,000 | 852,000 | 774,000 | -2,627,000 | -2,060,000 | 1,802,000 | -3,719,000 | -3,996,000 | 1,173,000 | 749,000 |
prepaid reinsurance premiums | -589,000 | 54,000 | -56,000 | -169,000 | -116,000 | -60,000 | 238,000 | -269,000 | 1,729,000 | 2,232,000 | 3,436,000 | 3,598,000 | 3,197,000 | 38,784,000 | -4,667,000 | 1,081,000 | 875,000 | -727,000 | -1,533,000 | -595,000 | 4,209,000 | 1,976,000 | 1,221,000 | 1,060,000 | 9,475,000 | -4,182,000 | 11,362,000 | 642,000 | -6,042,000 | -5,213,000 | -4,531,000 | 5,181,000 | 8,431,000 | 739,000 | 1,022,000 | -1,646,000 | 359,000 | 21,000 | -522,000 | 1,219,000 | 445,000 | 231,000 |
net cash from operating activities | -17,864,000 | -6,028,000 | 5,695,000 | 7,001,000 | 2,397,000 | -13,415,000 | 15,316,000 | 14,258,000 | 22,676,000 | 6,134,000 | 22,581,000 | 8,845,000 | 5,326,000 | 2,487,000 | 23,290,000 | 28,521,000 | -10,062,000 | 36,116,000 | 11,372,000 | 17,733,000 | 41,227,000 | -10,043,000 | -8,433,000 | 10,120,000 | -15,294,000 | -15,050,000 | -13,362,000 | 14,283,000 | -10,267,000 | 4,956,000 | -20,423,000 | 13,481,000 | 5,736,000 | -4,941,000 | 6,403,000 | -2,766,000 | -10,698,000 | 5,744,000 | 3,730,000 | -10,423,000 | -9,110,000 | -2,807,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | -17,864,000 | -6,028,000 | 5,695,000 | 7,001,000 | 2,397,000 | -13,415,000 | 15,316,000 | 14,258,000 | 22,676,000 | 6,134,000 | 22,581,000 | 8,845,000 | 5,326,000 | 2,487,000 | 23,290,000 | 28,521,000 | -10,062,000 | 36,116,000 | 11,372,000 | 17,733,000 | 41,227,000 | -10,043,000 | -8,433,000 | 10,120,000 | -15,294,000 | -15,050,000 | -13,362,000 | 14,283,000 | -10,267,000 | 4,956,000 | -20,423,000 | 13,481,000 | 5,736,000 | -4,941,000 | 6,403,000 | -2,766,000 | -10,698,000 | 5,744,000 | 3,730,000 | -10,423,000 | -9,110,000 | -2,807,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of fixed maturities | 73,231,000 | 56,974,000 | 113,672,000 | 47,377,000 | 39,984,000 | 32,271,000 | 28,745,000 | 30,732,000 | 20,759,000 | 34,106,000 | 17,168,000 | 52,509,000 | 44,381,000 | 67,096,000 | 37,253,000 | 689,055,000 | 140,150,000 | 271,763,000 | 364,277,000 | 67,308,000 | 47,148,000 | 176,210,000 | 110,576,000 | 492,303,000 | 139,350,000 | 101,730,000 | 79,614,000 | 134,404,000 | 65,641,000 | 356,824,000 | 79,038,000 | 103,422,000 | 108,120,000 | 65,560,000 | 130,984,000 | 123,906,000 | 95,289,000 | 47,016,000 | 101,129,000 | 92,513,000 | 73,942,000 | 109,840,000 |
proceeds from sale of equity securities | 3,550,000 | 1,134,000 | 0 | 0 | 0 | 2,553,000 | 86,173,000 | 5,346,000 | 37,475,000 | 8,178,000 | 9,283,000 | 7,735,000 | 10,743,000 | 8,114,000 | 5,626,000 | 76,180,000 | 14,009,000 | 9,514,000 | 11,453,000 | 5,562,000 | 11,834,000 | 15,818,000 | 6,509,000 | 10,562,000 | 145,366,000 | 25,135,000 | 10,702,000 | 12,623,000 | 21,852,000 | 20,699,000 | 9,877,000 | 15,140,000 | ||||||||||
proceeds from maturity of fixed maturities | 623,075,000 | 553,321,000 | 516,867,000 | 526,970,000 | 705,938,000 | 433,981,000 | 193,423,000 | 220,553,000 | 125,566,000 | 121,899,000 | 107,531,000 | 33,170,000 | 17,515,000 | 27,318,000 | 11,745,000 | 26,171,000 | 16,312,000 | 9,738,000 | 28,721,000 | 14,760,000 | 18,281,000 | 32,855,000 | 59,142,000 | 39,060,000 | 14,418,000 | 24,572,000 | 14,696,000 | 16,389,000 | 30,352,000 | 10,975,000 | 14,690,000 | 54,790,000 | 77,390,000 | 42,275,000 | 15,500,000 | 18,686,000 | 32,095,000 | 93,034,000 | 23,985,000 | 9,545,000 | 26,750,000 | 21,160,000 |
proceeds from maturity of preferred stock | 1,450,000 | 0 | 2,600,000 | 2,600,000 | 334,000 | 0 | 230,000 | 0 | 270,000 | |||||||||||||||||||||||||||||||||
proceeds from other invested assets | 4,952,000 | 2,019,000 | 3,603,000 | 1,126,000 | 5,259,000 | 261,000 | 4,093,000 | -56,000 | 4,604,000 | 1,113,000 | 407,000 | 364,000 | 425,000 | -141,000 | 101,524,000 | 1,863,000 | 4,679,000 | 593,000 | 2,080,000 | |||||||||||||||||||||||
purchases of fixed maturities | -713,973,000 | -605,977,000 | -605,382,000 | -591,169,000 | -684,341,000 | -457,425,000 | -259,779,000 | -254,559,000 | -168,208,000 | -165,901,000 | -146,738,000 | -75,400,000 | -60,426,000 | -60,357,000 | -244,250,000 | -714,121,000 | -145,955,000 | -238,841,000 | -441,964,000 | -121,334,000 | -93,603,000 | -99,125,000 | -197,804,000 | -561,925,000 | -219,345,000 | -93,176,000 | -108,483,000 | -139,883,000 | -96,148,000 | -142,830,000 | -91,221,000 | -156,488,000 | -237,444,000 | -89,932,000 | -254,439,000 | -158,090,000 | -113,406,000 | -143,274,000 | -86,899,000 | -127,321,000 | -90,444,000 | -71,995,000 |
net cash from investing activities | -7,715,000 | 6,337,000 | 2,431,000 | -15,696,000 | 66,840,000 | 9,088,000 | -30,918,000 | -730,000 | -16,945,000 | -7,686,000 | -21,448,000 | 10,658,000 | 2,146,000 | 43,165,000 | -64,025,000 | 7,430,000 | 93,564,000 | -30,585,000 | -27,239,000 | -41,306,000 | -28,595,000 | 111,673,000 | -30,574,000 | -40,896,000 | -64,413,000 | 36,431,000 | 7,574,000 | 1,632,000 | -3,476,000 | 225,354,000 | -3,898,000 | 5,516,000 | -29,729,000 | -115,288,000 | 22,146,000 | -20,664,000 | 4,568,000 | -1,930,000 | 38,422,000 | -24,710,000 | 7,657,000 | 57,705,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||
distributions paid to common shareholders | -5,023,000 | -10,017,000 | 0 | -4,997,000 | -4,990,000 | -9,573,000 | 0 | -5,015,000 | -4,801,000 | -6,771,000 | 0 | -3,558,000 | -3,919,000 | -106,000 | -3,601,000 | -3,654,000 | ||||||||||||||||||||||||||
distributions paid to preferred shareholders | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | -110,000 | |||||||||||||||||||||||
net cash from financing activities | -5,133,000 | -10,127,000 | -110,000 | -5,107,000 | -5,100,000 | -9,683,000 | -110,000 | -5,654,000 | -4,911,000 | -6,881,000 | -110,000 | -9,793,000 | -10,581,000 | -25,697,000 | -216,000 | -134,005,000 | -3,884,000 | -3,891,000 | -4,027,000 | -2,811,000 | -13,524,000 | -87,303,000 | 2,630,000 | -303,000 | 132,140,000 | -10,050,000 | -1,080,000 | 7,428,000 | -5,990,000 | -309,959,000 | 104,721,000 | -19,853,000 | 32,312,000 | 112,436,000 | -80,286,000 | 42,560,000 | -139,000 | 699,000 | -33,000 | -6,000 | -2,577,000 | -23,532,000 |
net change in cash and cash equivalents | -30,712,000 | -9,818,000 | 8,016,000 | -13,802,000 | 64,137,000 | -14,010,000 | -15,712,000 | 7,874,000 | 820,000 | -8,433,000 | 1,023,000 | 9,710,000 | -3,109,000 | 19,955,000 | -40,951,000 | -98,054,000 | 79,618,000 | 1,640,000 | -19,894,000 | -26,384,000 | -892,000 | 14,327,000 | -36,377,000 | -31,079,000 | 52,433,000 | 11,331,000 | -6,868,000 | 23,343,000 | -19,733,000 | -79,649,000 | 80,400,000 | -856,000 | 8,319,000 | -7,793,000 | -51,737,000 | 19,130,000 | -6,269,000 | 4,513,000 | 42,119,000 | -35,139,000 | -4,030,000 | 31,366,000 |
cash and cash equivalents at beginning of period | 65,542,000 | 0 | 0 | 0 | 17,009,000 | 0 | 0 | 0 | 38,037,000 | 0 | 0 | 0 | 38,846,000 | 0 | 0 | 0 | 78,278,000 | 0 | 67,359,000 | 0 | 74,414,000 | 0 | 0 | 0 | 75,110,000 | 0 | 0 | 0 | 67,037,000 | 0 | 0 | 0 | 58,823,000 | 0 | 0 | 0 | 105,492,000 | 0 | 0 | 104,460,000 | 0 | 0 |
cash and cash equivalents at end of period | 34,830,000 | -9,818,000 | 8,016,000 | -13,802,000 | 81,146,000 | -14,010,000 | -15,712,000 | 7,874,000 | 38,857,000 | -8,433,000 | 1,023,000 | 9,710,000 | 35,737,000 | 19,955,000 | -40,951,000 | -98,054,000 | 157,896,000 | 1,640,000 | 47,465,000 | -26,384,000 | 73,522,000 | 14,327,000 | -36,377,000 | -31,079,000 | 127,543,000 | 11,331,000 | -6,868,000 | 23,343,000 | 47,304,000 | -79,649,000 | 80,400,000 | -856,000 | 67,142,000 | -7,793,000 | -51,737,000 | 19,130,000 | 99,223,000 | 4,513,000 | 42,119,000 | 69,321,000 | -4,030,000 | 31,366,000 |
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||
income tax refunds received | 501,000 | |||||||||||||||||||||||||||||||||||||||||
interest paid | ||||||||||||||||||||||||||||||||||||||||||
adjustment on lease right of use assets and lease liability | ||||||||||||||||||||||||||||||||||||||||||
impairment loss on furniture and fixtures and leasehold improvements | ||||||||||||||||||||||||||||||||||||||||||
purchases of equity securities | 0 | -37,000 | -46,000 | -9,000 | -19,000 | -87,000 | -197,000 | -14,000 | -10,362,000 | -9,836,000 | -17,566,000 | -9,990,000 | -7,340,000 | -8,016,000 | -11,114,000 | -9,341,000 | -8,176,000 | -74,995,000 | -14,162,000 | -10,689,000 | -10,094,000 | -6,017,000 | -9,438,000 | -17,179,000 | -5,817,000 | -11,044,000 | -6,235,000 | -15,423,000 | -12,375,000 | -11,323,000 | -21,645,000 | -20,136,000 | -12,468,000 | -17,547,000 | ||||||||
acquisition of business, net of cash acquired | 0 | 0 | 0 | 0 | -92,336,000 | |||||||||||||||||||||||||||||||||||||
purchases of class a common shares | 0 | 0 | 0 | 0 | -6,125,000 | -6,552,000 | -21,921,000 | 0 | -294,000 | -120,000 | -196,000 | -283,000 | ||||||||||||||||||||||||||||||
deferred federal income taxes | 1,942,000 | 2,319,000 | -1,326,000 | 2,695,000 | 3,125,000 | 2,581,000 | 2,899,000 | 615,000 | 1,767,000 | 2,371,000 | 573,000 | -1,023,000 | 7,457,000 | -626,000 | -3,413,000 | 844,000 | -203,000 | -1,650,000 | -1,998,000 | 12,593,000 | -8,090,000 | -2,423,000 | -3,098,000 | 8,120,000 | 833,000 | -6,395,000 | -5,285,000 | 1,783,000 | -5,469,000 | 1,242,000 | -4,757,000 | -2,792,000 | -101,000 | 3,708,000 | -1,643,000 | 518,000 | -2,509,000 | 294,000 | -3,994,000 | 420,000 | ||
net realized investment gains | -127,000 | -136,000 | -2,830,000 | 316,000 | 963,000 | 662,000 | -775,000 | 4,366,000 | -1,158,000 | -1,641,000 | -2,806,000 | -5,757,000 | 158,000 | -3,211,000 | ||||||||||||||||||||||||||||
federal income tax receivable / payable | 220,000 | |||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs | 0 | 0 | 6,000 | 35,000 | 36,000 | 35,000 | 66,000 | 66,000 | 66,000 | 67,000 | 65,000 | 34,000 | 31,000 | 31,000 | 30,000 | 31,000 | 31,000 | |||||||||||||||||||||||||
gross proceeds from sale of renewal rights | ||||||||||||||||||||||||||||||||||||||||||
impairment loss on lease right of use assets | ||||||||||||||||||||||||||||||||||||||||||
impairment loss on software | 0 | |||||||||||||||||||||||||||||||||||||||||
impairment loss on goodwill and intangible assets | 0 | |||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
amounts received in connection with derivatives | 8,336,000 | -100,000 | 1,923,000 | 2,567,000 | 1,112,000 | 5,490,000 | ||||||||||||||||||||||||||||||||||||
issuance of class a common shares | ||||||||||||||||||||||||||||||||||||||||||
redemption of subordinated notes | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
income from equity method investments, net of distributions | -584,000 | |||||||||||||||||||||||||||||||||||||||||
ceded balances payable | 15,000 | -703,000 | -991,000 | -890,000 | -312,000 | -2,153,000 | -11,244,000 | 634,000 | 1,852,000 | 1,508,000 | -22,093,000 | 4,038,000 | 1,358,000 | 9,920,000 | 1,077,000 | -2,016,000 | -1,928,000 | 7,245,000 | -7,125,000 | 2,957,000 | -668,000 | 6,625,000 | 1,172,000 | 479,000 | -14,828,000 | 6,429,000 | -3,510,000 | -1,350,000 | -1,746,000 | 3,177,000 | -2,458,000 | 465,000 | 1,785,000 | -1,358,000 | 1,151,000 | -4,593,000 | ||||||
federal income tax payable | -163,000 | -2,499,000 | 5,000 | |||||||||||||||||||||||||||||||||||||||
impairment loss on right of use lease assets | 0 | |||||||||||||||||||||||||||||||||||||||||
purchases of other invested assets | -3,500,000 | -7,050,000 | -6,000,000 | -1,500,000 | -11,482,000 | -184,000 | -1,300,000 | -11,645,000 | -6,500,000 | -9,874,000 | -2,101,000 | -6,000 | 0 | -10,000 | 0 | -7,000 | ||||||||||||||||||||||||||
gross proceeds from sale of renewal rights related to farm, ranch & stable business lines | ||||||||||||||||||||||||||||||||||||||||||
gross proceeds from sale of renewal rights related to farm, ranch & stable business | ||||||||||||||||||||||||||||||||||||||||||
federal income tax receivable/payable | 166,000 | 175,000 | 92,000 | 234,000 | 79,000 | 1,000 | 4,875,000 | 184,000 | 91,000 | -103,000 | 359,000 | -518,000 | -2,646,000 | 1,116,000 | -4,706,000 | -5,043,000 | 7,032,000 | -2,017,000 | -2,437,000 | 6,100,000 | -649,000 | 1,756,000 | 1,162,000 | |||||||||||||||||||
net repayments under margin borrowing facility | ||||||||||||||||||||||||||||||||||||||||||
dividends / distributions paid to common shareholders | -3,585,000 | -3,634,000 | ||||||||||||||||||||||||||||||||||||||||
issuance of series a cumulative fixed rate preferred shares | ||||||||||||||||||||||||||||||||||||||||||
gross proceeds from sale of renewal rights related to manufactured and dwelling home business products | ||||||||||||||||||||||||||||||||||||||||||
net borrowings (repayments) under margin borrowing facility | 691,000 | -8,212,000 | 7,497,000 | |||||||||||||||||||||||||||||||||||||||
net realized investment (gains) losses | ||||||||||||||||||||||||||||||||||||||||||
(income) income from equity method investments, net of distributions | ||||||||||||||||||||||||||||||||||||||||||
amounts paid in connection with derivatives | -14,000 | -262,000 | -1,517,000 | 797,000 | -5,644,000 | -6,680,000 | -6,551,000 | 5,153,000 | -5,674,000 | -2,542,000 | ||||||||||||||||||||||||||||||||
net borrowings under margin borrowing facility | 2,630,000 | |||||||||||||||||||||||||||||||||||||||||
premiums receivable | -7,276,000 | -15,293,000 | 7,112,000 | 76,000 | 1,773,000 | -5,508,000 | 11,367,000 | -5,625,000 | 3,806,000 | -4,707,000 | 3,677,000 | 6,354,000 | 17,780,000 | -16,404,000 | 17,595,000 | 5,625,000 | 8,248,000 | -12,606,000 | -7,965,000 | 26,485,000 | -17,295,000 | -11,570,000 | -2,723,000 | 10,257,000 | ||||||||||||||||||
net realized investment (gains) loss | ||||||||||||||||||||||||||||||||||||||||||
equity in the earnings of equity method limited liability investments | -2,318,000 | -655,000 | -76,000 | -1,692,000 | -1,441,000 | -1,002,000 | ||||||||||||||||||||||||||||||||||||
dividends paid to shareholders | -3,502,000 | -3,499,000 | ||||||||||||||||||||||||||||||||||||||||
purchases of a ordinary shares | -2,577,000 | -5,532,000 | ||||||||||||||||||||||||||||||||||||||||
amounts received (paid) in connection with derivatives | ||||||||||||||||||||||||||||||||||||||||||
acquisition of business | 0 | -3,515,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from limited partnerships | 2,160,000 | 2,711,000 | 900,000 | 8,490,000 | 3,600,000 | |||||||||||||||||||||||||||||||||||||
proceeds from issuance of subordinated notes | 0 | 0 | 0 | 130,000,000 | 0 | |||||||||||||||||||||||||||||||||||||
debt issuance cost | 0 | 0 | -26,000 | -4,220,000 | 0 | 0 | 0 | -14,000 | 0 | |||||||||||||||||||||||||||||||||
purchase of a ordinary shares | 0 | -1,813,000 | 0 | -22,000 | -1,137,000 | 0 | -18,000 | -787,000 | 0 | -16,000 | -317,000 | 0 | 0 | -139,000 | 0 | -11,000 | -28,000 | |||||||||||||||||||||||||
amortization of the value of business acquired | ||||||||||||||||||||||||||||||||||||||||||
gain on the disposition of subsidiary | ||||||||||||||||||||||||||||||||||||||||||
cash release from escrow for business acquisition | 0 | 0 | 0 | 113,696,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from sale of preferred stock | 0 | 0 | 0 | 1,540,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from limited partnership distribution | 3,100,000 | 4,350,000 | 0 | 2,000,000 | 1,672,000 | 0 | 0 | 4,287,000 | ||||||||||||||||||||||||||||||||||
proceeds from disposition of subsidiary, net of cash and cash equivalents disposed of 1,269 | -15,000 | |||||||||||||||||||||||||||||||||||||||||
amount received in connection with derivatives | ||||||||||||||||||||||||||||||||||||||||||
redemption of ordinary shares | ||||||||||||||||||||||||||||||||||||||||||
tax benefit on share-based compensation expense | 0 | 0 | 2,000 | 125,000 | -48,000 | 0 | 1,000 | 57,000 | ||||||||||||||||||||||||||||||||||
gain on disposition of subsidiary | ||||||||||||||||||||||||||||||||||||||||||
amounts (paid) or received in connection with derivatives | 114,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from sale of other invested assets | 0 | |||||||||||||||||||||||||||||||||||||||||
cash deposited in escrow for purchase of american reliable | ||||||||||||||||||||||||||||||||||||||||||
amount paid in connection with derivatives | ||||||||||||||||||||||||||||||||||||||||||
net borrowings (repayments) under margin borrowing facilities | -5,314,000 | -120,141,000 | ||||||||||||||||||||||||||||||||||||||||
net borrowings under margin borrowing facilities | -1,080,000 | -19,838,000 | 32,572,000 | |||||||||||||||||||||||||||||||||||||||
equity in the earnings of a partnership | -2,034,000 | -1,085,000 | -106,000 | -1,089,000 | -253,000 | |||||||||||||||||||||||||||||||||||||
amortization of trust preferred securities issuance costs | 52,000 | 13,000 | 12,000 | 12,000 | 14,000 | |||||||||||||||||||||||||||||||||||||
proceeds from disposition of subsidiary, net of cash and cash equivalents disposed of 679 | ||||||||||||||||||||||||||||||||||||||||||
retirement of junior subordinated debentures | ||||||||||||||||||||||||||||||||||||||||||
principal payments of term debt | 0 | -18,000,000 | ||||||||||||||||||||||||||||||||||||||||
amortization of value of business acquired | 4,080,000 | 7,434,000 | 11,309,000 | |||||||||||||||||||||||||||||||||||||||
net realized investment gain | 10,778,000 | |||||||||||||||||||||||||||||||||||||||||
net realized investment loss | 2,970,000 | |||||||||||||||||||||||||||||||||||||||||
borrowings under margin borrowing facilities | ||||||||||||||||||||||||||||||||||||||||||
borrowings (repayments) under margin borrowing facility | ||||||||||||||||||||||||||||||||||||||||||
amount held in connection with derivatives | -5,636,000 | |||||||||||||||||||||||||||||||||||||||||
tax expense associated with share-based compensation plans | 22,000 | |||||||||||||||||||||||||||||||||||||||||
borrowings under margin borrowing facility | ||||||||||||||||||||||||||||||||||||||||||
equity in net loss of partnerships | ||||||||||||||||||||||||||||||||||||||||||
effect of exchange rates on cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||
equity in income of partnerships | ||||||||||||||||||||||||||||||||||||||||||
restricted stock expense | ||||||||||||||||||||||||||||||||||||||||||
accounts receivable | ||||||||||||||||||||||||||||||||||||||||||
federal income taxes receivable | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of stocks | ||||||||||||||||||||||||||||||||||||||||||
purchases of stocks | ||||||||||||||||||||||||||||||||||||||||||
other | ||||||||||||||||||||||||||||||||||||||||||
issuance of ordinary shares | ||||||||||||||||||||||||||||||||||||||||||
purchases of class a ordinary shares |
