7Baggers

Kinsale Capital Group, Inc
(NYSE:KNSL) 

KNSL stock logo

Kinsale Capital Group, Inc., a specialty insurance company, provides property and casualty insurance products in the United States. Its commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environment...

Founded: 2009
Full Time Employees: 275
Sector: Financial Services
Industry: Insurance-Property & Casualty
Insurance
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Quarterly
Annual
    Unit: USD2026-03-31 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 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 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 
                                            
      revenues:
    		                                        
      gross written premiums
    		482,018,000 451,123,000 486,251,000 555,522,000 484,275,000 443,281,000 448,646,000 529,770,000 448,644,000 395,216,000 377,789,000 438,222,000 357,588,000 295,467,000 284,111,000 277,001,000 245,513,000 203,820,000 197,616,000 194,061,000 168,876,000 149,910,000 144,777,000 134,091,000 124,036,000 112,137,000 97,984,000 94,947,000 84,626,000 72,164,000 69,546,000 69,981,000 63,847,000 56,943,000 55,633,000 57,753,000 52,862,000 47,466,000 47,823,000 50,107,000 
      ceded written premiums
    		-78,756,000 -80,571,000 -81,191,000 -96,822,000 -102,570,000 -97,160,000 -98,709,000 -99,534,000 -97,590,000 -88,937,000 -83,509,000 -73,181,000 -58,558,000 -53,397,000 -48,212,000 -34,658,000 -29,015,000 -26,339,000 -26,939,000 -26,308,000 -24,578,000 -19,599,000 -22,529,000 -16,484,000 -15,983,000 -12,582,000 -11,232,000 -12,260,000 -11,559,000 -10,476,000 -11,602,000 -9,090,000 -8,756,000 -8,477,000 -8,562,000 -7,980,000 -8,700,000 2,696,000 -14,177,000 -14,446,000 
      net written premiums
    		403,262,000 370,552,000 405,060,000 458,700,000 381,705,000 346,121,000 349,937,000 430,236,000 351,054,000 306,279,000 294,280,000 365,041,000 299,030,000 242,070,000 235,899,000 242,343,000 216,498,000 177,481,000 170,677,000 167,753,000 144,298,000 130,311,000 122,248,000 117,607,000 108,053,000 99,555,000 86,752,000 82,687,000 73,067,000 61,688,000 57,944,000 60,891,000 55,091,000 48,466,000 47,071,000 49,773,000 44,162,000 50,162,000 33,646,000 35,661,000 
      change in unearned premiums
    		3,597,000 44,930,000 5,897,000 -75,087,000 -15,915,000 13,618,000 -1,185,000 -97,775,000 -41,536,000 -9,448,000 -12,778,000 -107,995,000 -61,872,000 -25,930,000 -26,640,000 -52,185,000 -37,936,000 -12,214,000 -13,806,000 -30,053,000 -21,257,000 -12,519,000 -14,004,000 -20,650,000 -18,292,000 -16,773,000 -14,131,000 -16,600,000 -11,576,000 -2,250,000 -3,648,000 -9,998,000 -7,030,000 -928,000 -2,041,000 -6,721,000 -3,729,000 -11,700,000 -672,000 -3,878,000 
      net earned premiums
    		406,859,000 415,482,000 410,957,000 383,613,000 365,790,000 359,739,000 348,752,000 332,461,000 309,518,000 296,831,000 281,502,000 257,046,000 237,158,000 216,140,000 209,259,000 190,158,000 178,562,000 165,267,000 156,871,000 137,700,000 123,041,000 117,792,000 108,244,000 96,957,000 89,761,000 82,782,000 72,621,000 66,087,000 61,491,000 59,438,000 54,296,000 50,893,000 48,061,000 47,538,000 45,030,000 43,052,000 40,433,000 38,462,000 32,974,000 31,783,000 
      fee income
    		10,995,000 10,059,000 10,300,000 10,796,000 9,559,000 8,546,000 8,489,000 8,991,000 8,092,000 6,998,000 6,841,000 6,986,000                             
      net investment income
    		55,423,000 52,296,000 49,604,000 46,473,000 43,819,000 41,863,000 39,644,000 35,847,000 32,933,000 30,382,000 27,086,000 24,172,000 20,695,000 17,742,000 13,858,000 10,594,000 9,088,000 8,582,000 8,095,000 7,429,000 6,942,000 6,497,000 7,008,000 6,645,000 5,960,000 5,547,000 5,265,000 4,806,000 4,515,000 4,592,000 4,085,000 3,782,000 3,229,000 3,086,000 2,765,000 2,432,000 2,286,000 2,098,000 1,894,000 1,819,000 
      change in the fair value of equity securities
    		-8,356,000 13,844,000 23,717,000 28,621,000 3,038,000 10,467,750 20,659,000 3,159,000 18,053,000 949,000 -5,533,000 5,811,000 3,518,000 -9,299,750 -6,095,000 -23,353,000 -7,751,000 3,411,000 -1,012,000 7,565,000 7,091,000 927,250 6,031,000 13,839,000 -16,161,000                
      net realized investment gains
    		1,719,000 1,558,000 2,159,000 136,000 537,000 94,000 -8,000 2,879,000 3,866,000 5,127,000 4,274,000 1,291,000 -4,652,000 -344,000 -173,000 1,413,000 295,000 431,000 895,000 304,000 1,198,000 1,857,000 647,000 253,000 776,000         9,000 44,000 24,000 -32,000 95,750  -4,000 
      change in allowance for credit losses on investments
    		-27,000 9,000 4,000 5,000 -20,000 36,000 4,000 476,000 10,000 12,000 -143,000 25,000 -81,000                            
      other income
    		96,000 407,000 764,000 170,000 674,000 349,000 518,000 740,000 319,000 340,000 340,000 435,000 306,000 316,000 112,000 145,000 124,000 154,000 35,000 12,000 11,000 40,000 571,000 13,000 10,000 7,000 10,000 5,000 4,000 3,000 2,000 4,000 3,000       78,000 
      total revenues
    		466,709,000 483,271,000 497,505,000 469,814,000 423,397,000 412,123,000 418,058,000 384,553,000 372,791,000 351,171,000 314,367,000 295,766,000 256,944,000 242,964,000 216,961,000 178,957,000 180,318,000 183,602,000 164,884,000 153,010,000 138,283,000 139,332,000 122,501,000 117,707,000 80,346,000 92,804,000 78,327,000 72,572,000 72,185,000 56,904,000 60,137,000 54,947,000 50,126,000 50,742,000 47,839,000 45,508,000 42,687,000 40,353,000 34,868,000 33,676,000 
      yoy
    		10.23% 17.26% 19.00% 22.17% 13.57% 17.36% 32.98% 30.02% 45.09% 44.54% 44.90% 65.27% 42.49% 32.33% 31.58% 16.96% 30.40% 31.77% 34.60% 29.99% 72.11% 50.14% 56.40% 62.19% 11.31% 63.09% 30.25% 32.08% 44.01% 12.14% 25.71% 20.74% 17.43% 25.75% 37.20% 35.13%     
      qoq
    		-3.43% -2.86% 5.89% 10.96% 2.74% -1.42% 8.71% 3.16% 6.16% 11.71% 6.29% 15.11% 5.75% 11.99% 21.24% -0.75% -1.79% 11.35% 7.76% 10.65% -0.75% 13.74% 4.07% 46.50% -13.42% 18.48% 7.93% 0.54% 26.85% -5.38% 9.45% 9.62% -1.21% 6.07% 5.12% 6.61% 5.78% 15.73% 3.54%  
      expenses:
    		                                        
      losses and loss adjustment expenses
    		235,119,000 213,196,000 227,162,000 217,359,000 232,976,000 192,548,000 200,240,000 193,325,000 186,786,000 158,591,000 155,552,000 147,042,000 139,034,000 113,580,000 134,788,000 107,040,000 102,505,000 87,688,000 87,352,000 79,115,000 70,260,000 69,334,000 82,431,000 58,304,000 53,733,000 51,442,000 44,810,000 39,579,000 33,732,000 37,090,000 32,085,000 29,967,000 28,899,000 28,146,000 31,568,000 21,859,000 22,107,000 19,435,000 15,949,000 17,456,000 
      underwriting, acquisition and insurance expenses
    		88,234,000 91,764,000 88,423,000 81,597,000 74,912,000 77,848,000 70,139,000 72,068,000 65,753,000 60,403,000 60,348,000 55,473,000 46,545,000 43,056,000 40,145,000 38,972,000 38,545,000 35,410,000 31,465,000 29,889,000 28,136,000 26,825,000 22,927,000 22,961,000 21,583,000 19,840,000 18,324,000 16,437,000 15,616,000 14,658,000 13,850,000 12,519,000 12,398,000 11,371,000 10,989,000 10,492,000 11,294,000 9,520,000 6,302,000 6,481,000 
      interest expense
    		3,167,000 2,982,000 2,569,000 2,557,000 2,538,000 2,559,000 2,589,000 2,564,000 2,422,000 2,434,000 2,573,000 2,724,000 2,570,000 1,978,000 1,716,000                          
      other expenses
    		529,000 505,000 473,000 12,000 660,000 517,000 692,000 796,000 1,963,000 -278,000 401,000 417,000 402,000 200,000 212,000 503,000 396,000 429,000 388,000 398,000 448,000 353,000 1,022,000     21,000 36,000 47,000 107,000  14,000  27,000 402,000  1,098,000 523,000 486,000 
      total expenses
    		327,049,000 308,447,000 318,627,000 301,525,000 311,086,000 273,472,000 273,660,000 268,753,000 256,924,000 221,150,000 218,874,000 205,656,000 188,551,000 158,814,000 176,861,000 146,515,000 141,446,000 123,527,000 119,205,000 109,402,000 98,844,000 96,512,000 106,380,000 81,265,000 75,316,000 71,282,000 63,134,000 56,037,000 49,384,000 51,795,000 46,042,000 42,486,000 41,311,000 39,517,000 42,584,000 32,753,000 33,401,000 30,053,000 22,774,000 24,423,000 
      income before income taxes
    		139,660,000 174,824,000 178,878,000 168,289,000 112,311,000 138,651,000 144,398,000 115,800,000 115,867,000 130,021,000 95,493,000 90,110,000 68,393,000 84,150,000 40,100,000 32,442,000 38,872,000 60,075,000 45,679,000 43,608,000 39,439,000 42,820,000 16,121,000 36,442,000 5,030,000 21,522,000 15,193,000 16,535,000 22,801,000 5,109,000 14,095,000 12,461,000 8,815,000 11,225,000 5,255,000 12,755,000 9,286,000 10,300,000 12,094,000 9,253,000 
      total income tax expense
    		27,106,000 23,621,000 37,232,000 34,168,000 23,084,000 17,579,000 30,169,000 23,221,000 16,926,000 12,322,500 19,378,000 17,319,000 12,593,000 4,887,250 7,116,000 5,352,000 7,081,000 6,096,750 9,054,000 7,973,000 7,360,000 1,838,750 1,231,000 6,180,000 -56,000 2,266,500 2,217,000 2,768,000 4,081,000 1,508,000 2,155,000 2,349,000 1,528,000 2,079,750 1,054,000 4,260,000 3,005,000 2,485,000 4,112,000 3,196,000 
      net income
    		112,554,000 138,620,000 141,646,000 134,121,000 89,227,000 109,094,000 114,229,000 92,579,000 98,941,000 103,387,000 76,115,000 72,791,000 55,800,000 67,249,000 32,984,000 27,090,000 31,791,000 48,320,000 36,625,000 35,635,000 32,079,000 38,181,000 14,890,000 30,262,000 5,086,000 17,853,000 12,976,000 13,767,000 18,720,000 4,448,000 11,940,000 10,112,000 7,287,000 5,924,000 4,201,000 8,495,000 6,281,000 6,871,000 7,982,000 6,057,000 
      yoy
    		26.14% 27.06% 24.00% 44.87% -9.82% 5.52% 50.07% 27.18% 77.31% 53.74% 130.76% 168.70% 75.52% 39.17% -9.94% -23.98% -0.90% 26.56% 145.97% 17.75% 530.73% 113.86% 14.75% 119.82% -72.83% 301.37% 8.68% 36.15% 156.90% -24.92% 184.22% 19.03% 16.02% -13.78% -47.37% 40.25%     
      qoq
    		-18.80% -2.14% 5.61% 50.31% -18.21% -4.50% 23.39% -6.43% -4.30% 35.83% 4.57% 30.45% -17.02% 103.88% 21.76% -14.79% -34.21% 31.93% 2.78% 11.09% -15.98% 156.42% -50.80% 495.01% -71.51% 37.58% -5.75% -26.46% 320.86% -62.75% 18.08% 38.77% 23.01% 41.01% -50.55% 35.25% -8.59% -13.92% 31.78%  
      net income margin %
    		24.12% 28.68% 28.47% 28.55% 21.07% 26.47% 27.32% 24.07% 26.54% 29.44% 24.21% 24.61% 21.72% 27.68% 15.20% 15.14% 17.63% 26.32% 22.21% 23.29% 23.20% 27.40% 12.16% 25.71% 6.33% 19.24% 16.57% 18.97% 25.93% 7.82% 19.85% 18.40% 14.54% 11.67% 8.78% 18.67% 14.71% 17.03% 22.89% 17.99% 
      other comprehensive income:
    		                                        
      change in net unrealized losses on available-for-sale investments, net of taxes
    		-34,913,000 15,241,500 20,131,000 14,453,000 26,382,000 11,966,500 63,464,000 -5,658,000 -9,940,000 -5,027,250 -23,511,000   -41,366,000 -46,652,000  -63,930,000                        
      total comprehensive income
    		77,641,000 144,168,000 161,777,000 148,574,000 115,609,000 58,639,000 177,693,000 86,921,000 89,001,000 163,797,000 52,604,000 58,684,000 73,309,000 79,670,000 -13,668,000 -27,792,000 -32,139,000 41,176,000 30,553,000 45,218,000 12,457,000 41,704,000 21,444,000 57,270,000 -4,137,000 16,050,000 16,218,000 20,322,000 25,500,000 6,804,000 9,987,000 9,096,000 2,431,000 7,422,000 5,840,000 10,669,000 7,354,000 1,215,000 7,981,000 8,947,000 
      earnings per share:
    		                                        
      basic
    		4.9 6.01 6.12 5.79 3.85 4.71 4.93 4 4.28 4.48 3.3 3.16 2.43 2.94 1.45 1.19 1.4 2.13 1.61 1.57 1.42 1.7 0.66 1.37 0.23 0.81 0.6 0.65 0.88 0.348 0.57 0.48 0.35        
      diluted
    		4.88 5.98 6.09 5.76 3.83 4.68 4.9 3.97 4.24 4.43 3.26 3.12 2.4 2.9 1.43 1.17 1.38 2.09 1.59 1.55 1.39 1.66 0.65 1.33 0.22 0.79 0.58 0.63 0.86 0.338 0.55 0.47 0.34        
      weighted-average shares outstanding:
    		                                        
      basic
    		22,975 23,140 23,159 23,175 23,170 23,153 23,175 23,165 23,108 23,045 23,058 23,040 23,008 22,815 22,813 22,781 22,753 22,693 22,714 22,678 22,665 22,319 22,398 22,153 22,109 21,528 21,660 21,210 21,169  21,102 21,070 21,045        
      diluted
    		23,057 23,259 23,271 23,291 23,313 23,332 23,335 23,329 23,335 23,307 23,315 23,301 23,290 23,125 23,114 23,103 23,093 23,062 23,064 23,054 23,069 22,852 22,928 22,707 22,678 22,136 22,277 21,832 21,763  21,721 21,666 21,628        
      change in net unrealized gains on available-for-sale investments, net of taxes
    		           -14,107,000 17,509,000   -54,882,000  -4,027,750 -6,072,000 9,583,000 -19,622,000                    
      change in unrealized gains on available-for-sale investments, net of taxes of 1,742 and 6,470 in 2020 and 863 and 4,407 in 2019
    		                     6,084,750 6,554,000                  
      change in unrealized gains on available-for-sale investments, net of taxes of 7,180 and 4,728 in 2020 and 1,743 and 3,544 in 2019
    		                       27,008,000                 
      change in unrealized gains on available-for-sale investments, net of taxes of (2,452) in 2020 and 1,802 in 2019
    		                        -9,223,000                
      net unrealized gains on equity securities
    		                         2,012,500 246,000 1,909,000 5,895,000 143,750 1,760,000 94,000         
      net realized gains on investments
    		                         57,500 185,000 -235,000 280,000 70,000 -6,000 174,000 112,000        
      change in unrealized gains on available-for-sale investments, net of taxes of 863 and 4,407 in 2019 and (519) and (2,080) in 2018
    		                         4,144,250 3,242,000              
      change in unrealized gains on available-for-sale investments, net of taxes of 1,743 and 3,544 in 2019 and (270) and (1,561) in 2018
    		                           6,555,000             
      change in unrealized gains on available-for-sale investments, net of taxes of 1,802 in 2019 and (1,291) in 2018
    		                            6,780,000            
      change in unrealized gains on available-for-sale investments, net of taxes of (519) and (2,080) in 2018 and 882 and 2,630 in 2017
    		                             -1,956,250 -1,953,000          
      cash dividends declared per share
    		                             0.053 0.07 0.07 0.07        
      change in unrealized gains on available-for-sale investments, net of taxes of (270) and (1,561) in 2018 and 1,171 and 1,748 in 2017
    		                               -1,016,000         
      net unrealized losses on equity securities
    		                                -1,279,000        
      change in unrealized gains on available-for-sale investments, net of taxes of (1,291) in 2018 and 577 in 2017
    		                                -4,856,000        
      change in unrealized gains, net of taxes of 882 and 2,630 in 2017 and and 2,700 in 2016
    		                                 1,221,500 1,639,000      
      earnings per share - basic:
    		                                        
      common stock
    		                                 0.29 0.2 0.41 0.3 0.33 0.24  
      common stock - class a
    		                                        
      common stock - class b
    		                                        
      earnings per share - diluted:
    		                                        
      weighted-average shares outstanding - basic:
    		                                        
      weighted-average shares outstanding - diluted:
    		                                        
      cash dividends declared and paid per share
    		                                 0.045 0.06      
      change in unrealized gains, net of taxes of 1,171 and 1,748 in 2017 and 1,557 and 2,702 in 2016
    		                                   2,174,000     
      change in unrealized gains, net of taxes of 577 in 2017 and 1,145 in 2016
    		                                    1,073,000    
      unrealized gains, net of taxes of and 2,700 in 2016 and 63 and (590) in 2015
    		                                     1,254,000 -1,000  
      earnings per share:
    		                                        
      basic:
    		                                        
      class a common stock
    		                                      0.19  
      class b common stock
    		                                      0.21  
      diluted:
    		                                        
      weighted-average common shares outstanding:
    		                                        
      cash dividends paid per common share
    		                                     0.013 0.05  
      unrealized gains, net of taxes of 1,557 and 2,702 in 2016 and (1,060) and (653) in 2015
    		                                       2,890,000 
      basic - class a
    		                                       0.42 
      diluted - class a
    		                                       0.42 
      basic - class b
    		                                       0.19 
      diluted - class b
    		                                       0.18 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 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 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 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 
                                              
        assets
      		                                        
        investments:
      		                                        
        fixed-maturity securities, available for sale, at fair value
      		4,402,650,000  4,171,238,000 3,918,078,000 3,716,253,000  3,467,038,000 3,072,718,000 2,852,360,000  2,364,759,000 2,183,686,000 1,971,800,000  1,605,847,000 1,493,074,000 1,461,415,000  1,342,873,000 1,224,879,000 1,099,763,000  1,024,889,000                  
        equity securities, at fair value
      		644,541,000 626,399,000 571,123,000 513,882,000 433,077,000 398,359,000 365,626,000 317,482,000 287,655,000 234,813,000 207,951,000 196,848,000 171,366,000 152,471,000 133,735,000 139,539,000 163,574,000 172,611,000 151,792,000 150,882,000 140,036,000 129,662,000 116,011,000 107,905,000 83,566,000 78,294,000 65,917,000 65,910,000 64,481,000 57,711,000 61,448,000 58,219,000 55,065,000        
        real estate investments
      		54,952,000 55,236,000 15,045,000 15,045,000 15,045,000 15,045,000 15,045,000 15,045,000 15,032,000 14,791,000 14,372,000 19,482,000 76,475,000 76,387,000                           
        short-term investments
      		 3,864,000 10,932,000 34,310,000 38,816,000 3,714,000  6,908,000 5,644,000 5,589,000 29,065,000 28,778,000 26,640,000 41,337,000 81,408,000 10,770,000 825,000                   14,481,000   254,000 6,653,000 
        total investments
      		5,102,143,000 5,026,949,000 4,768,338,000 4,481,315,000 4,203,191,000 3,954,681,000 3,847,709,000 3,412,153,000 3,160,691,000 2,966,952,000 2,616,147,000 2,486,320,000 2,246,281,000 2,030,295,000 1,820,990,000 1,643,383,000 1,625,814,000 1,564,677,000 1,494,665,000 1,375,761,000 1,239,799,000 1,211,462,000 1,140,900,000 1,001,269,000 902,471,000 807,826,000 782,556,000 655,987,000 605,259,000 567,962,000 569,459,000 526,141,000 517,599,000 479,323,000 458,903,000 431,332,000 420,167,000 429,597,000 416,821,000 402,219,000 
        cash and cash equivalents
      		223,263,000 163,361,000 170,162,000 138,101,000 142,026,000 113,213,000 111,691,000 171,021,000 136,132,000 126,694,000 162,944,000 125,057,000 158,648,000 156,274,000 126,213,000 120,890,000 104,158,000 121,040,000 90,012,000 128,005,000 132,535,000 77,093,000 78,696,000 62,976,000 52,554,000 100,408,000 86,308,000 78,131,000 102,874,000 75,089,000 64,744,000 79,670,000 56,659,000 81,747,000 96,684,000 93,430,000 75,556,000 50,752,000 103,757,000 22,236,000 
        investment income due and accrued
      		29,999,000 30,971,000 30,619,000 30,936,000 27,146,000 27,366,000 26,083,000 25,112,000 21,843,000 21,689,000 19,028,000 17,696,000 14,948,000 14,451,000 11,663,000 9,539,000 8,225,000 7,658,000 7,276,000 7,070,000 6,639,000 6,637,000 6,245,000 6,174,000 5,499,000 4,743,000 4,106,000 3,972,000 3,587,000 3,783,000 3,711,000 3,343,000 3,200,000 3,077,000 3,012,000 2,522,000 2,500,000 2,293,000 1,833,000 1,897,000 
        premiums and fees receivable, net of allowance for credit losses of 28,339 – 2026; 27,328 – 2025
      		128,574,000                                        
        reinsurance recoverables, net of allowance for credit losses of 1,032 – 2026; 1,072 – 2025
      		413,242,000                                        
        ceded unearned premiums
      		43,866,000 44,506,000 48,774,000 54,421,000 54,073,000 52,736,000 55,370,000 58,492,000 57,031,000 52,516,000 50,967,000 48,645,000 45,115,000 42,935,000 40,924,000 38,307,000 35,628,000 33,679,000 32,783,000 29,431,000 26,854,000 24,265,000 22,870,000 19,399,000 18,112,000 16,118,000 16,445,000 17,397,000 16,987,000 16,072,000 15,646,000 14,463,000 14,081,000 13,858,000 13,976,000 13,911,000 14,183,000 13,512,000 24,143,000 23,421,000 
        deferred policy acquisition costs, net of ceding commissions
      		119,165,000 118,737,000 124,416,000 124,070,000 112,313,000 109,263,000 110,590,000 109,358,000 94,489,000 88,395,000 86,181,000 85,326,000 69,444,000 61,594,000 58,445,000 54,806,000 47,483,000 41,968,000 40,273,000 38,801,000 34,741,000 31,912,000 30,293,000 28,942,000 26,005,000 23,564,000 21,060,000 18,652,000 16,314,000 14,801,000 14,485,000 14,123,000 12,768,000 11,775,000 11,725,000 11,578,000 10,501,000 10,150,000 5,558,000 5,515,000 
        intangible assets
      		3,538,000  3,538,000 3,538,000 3,538,000  3,538,000 3,538,000 3,538,000  3,538,000 3,538,000 3,538,000  3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 3,538,000 
        deferred income tax asset
      		53,725,000 42,191,000 36,735,000 45,097,000 50,313,000 60,215,000 34,995,000 57,410,000 56,100,000 55,699,000 68,535,000 58,047,000 53,320,000 56,983,000 59,136,000 43,167,000 22,314,000 2,109,000 392,000  608,000    9,869,000 3,374,000 2,891,000 6,068,000 6,928,000 7,176,000 6,129,000 5,073,000 4,201,000 2,492,000 4,833,000 6,210,000 6,653,000 6,605,000 4,940,000 4,601,000 
        other assets
      		97,955,000 94,386,000 135,498,000 123,403,000 99,719,000 87,774,000 88,679,000 84,300,000 70,094,000 66,443,000 70,257,000 68,578,000 58,958,000 54,844,000 58,418,000 52,144,000 51,711,000 57,012,000 54,221,000 52,448,000 49,221,000 50,133,000 50,096,000 43,061,000 33,832,000 23,922,000 20,776,000 10,974,000 7,111,000 3,601,000 5,375,000 4,093,000 2,087,000 2,659,000 4,733,000 1,660,000 2,012,000 2,074,000 2,282,000 2,737,000 
        total assets
      		6,215,470,000 6,043,561,000 5,833,305,000 5,556,526,000 5,214,999,000 4,886,704,000 4,732,243,000 4,395,291,000 4,031,287,000 3,772,974,000 3,442,536,000 3,270,202,000 2,997,822,000 2,747,122,000 2,464,232,000 2,198,119,000 2,114,555,000 2,025,655,000 1,898,895,000 1,806,277,000 1,645,338,000 1,546,896,000 1,468,589,000 1,289,348,000 1,165,489,000 1,090,550,000 1,036,449,000 894,806,000 852,873,000 773,063,000 770,501,000 728,903,000 687,767,000 667,849,000 662,994,000 622,966,000 594,455,000 614,389,000 663,271,000 563,592,000 
        liabilities and stockholders' equity
      		                                        
        liabilities:
      		                                        
        reserves for unpaid losses and loss adjustment expenses
      		3,063,156,000 2,890,870,000 2,765,187,000 2,623,653,000 2,470,643,000 2,285,668,000 2,160,763,000 2,013,055,000 1,844,787,000 1,692,875,000 1,564,907,000 1,455,734,000 1,354,151,000 1,238,402,000 1,197,317,000 1,036,741,000 957,575,000 881,344,000 814,856,000 753,324,000 688,773,000 636,013,000 603,200,000 525,801,000 491,333,000 460,058,000 429,532,000 407,433,000 385,125,000 369,152,000 365,814,000 344,565,000 328,209,000 315,717,000 310,934,000 284,428,000 273,001,000 264,801,000 253,458,000 245,210,000 
        unearned premiums
      		856,157,000 860,394,000 909,592,000 921,136,000 845,701,000 828,449,000 844,701,000 846,638,000 747,402,000 701,351,000 690,354,000 675,254,000 563,729,000 499,677,000 471,736,000 442,479,000 387,615,000 347,730,000 334,620,000 317,462,000 284,832,000 260,986,000 247,075,000 229,599,000 207,662,000 187,374,000 170,931,000 157,752,000 140,741,000 128,250,000 125,574,000 120,742,000 110,364,000 103,110,000 102,299,000 100,193,000 93,744,000 89,344,000 88,276,000 86,881,000 
        payable to reinsurers
      		33,454,000 34,385,000 34,766,000 41,620,000 44,766,000 43,959,000 43,215,000 48,397,000 47,806,000 47,582,000 45,853,000 42,143,000 33,111,000 32,024,000 26,323,000 18,870,000 16,080,000 16,112,000 15,097,000 20,229,000 15,010,000 12,672,000 11,636,000 14,407,000 10,658,000 7,151,000 5,697,000 6,769,000 5,532,000 4,565,000 5,313,000 3,711,000 3,244,000 3,226,000 3,553,000 3,246,000 3,316,000 4,090,000 3,914,000 4,135,000 
        accounts payable and accrued expenses
      		22,354,000 66,301,000 50,855,000 38,232,000 22,962,000 55,159,000 39,780,000 27,188,000 16,302,000 44,922,000 32,758,000 22,457,000 12,509,000 31,361,000 22,218,000 15,557,000 8,913,000 23,250,000 16,725,000 11,694,000 6,502,000 13,651,000 10,400,000 9,936,000 7,528,000 12,366,000 9,884,000 7,655,000 4,840,000 7,090,000 5,726,000 4,230,000 3,170,000 6,519,000 5,947,000 4,986,000 3,399,000 8,752,000 6,239,000 4,870,000 
        debt
      		224,466,000 224,397,000 199,328,000 184,260,000 184,191,000 184,122,000 184,053,000 183,984,000 183,915,000 183,846,000 183,777,000 195,876,000 195,812,000 195,747,000 123,159,000                          
        other liabilities
      		48,537,000 7,631,000 8,360,000 25,052,000 63,761,000 5,786,000 24,782,000 18,826,000 20,106,000 15,566,000 1,125,000 6,923,000 22,779,000 4,462,000 4,024,000 7,647,000 36,075,000 15,188,000 15,768,000 28,740,000 20,054,000 118,000 20,761,000 20,323,000 22,899,000 977,000 19,157,000 7,290,000 27,746,000 20,000 10,169,000 7,710,000 2,930,000 1,088,000 8,503,000 4,068,000 4,524,000 691,000 21,732,000 13,101,000 
        total liabilities
      		4,248,124,000 4,083,978,000 3,968,088,000 3,833,953,000 3,632,024,000 3,403,143,000 3,297,294,000 3,138,088,000 2,860,318,000 2,686,142,000 2,518,774,000 2,398,387,000 2,182,091,000 2,001,673,000 1,844,777,000 1,564,053,000 1,448,985,000 1,326,320,000 1,239,730,000 1,176,641,000 1,057,772,000 970,658,000 934,458,000 833,234,000 764,155,000 684,670,000 646,413,000 586,899,000 563,984,000 509,077,000 512,596,000 480,958,000 447,917,000 429,660,000 431,236,000 396,921,000 377,984,000 404,175,000 453,387,000 433,767,000 
        stockholders’ equity:
      		                                        
        common stock, 0.01 par value...
      		235,000 234,000 234,000 234,000 234,000 233,000 233,000 233,000 233,000 232,000 232,000 232,000 232,000 231,000 229,000 229,000 229,000 228,000 228,000 228,000 228,000 228,000 227,000 223,000 223,000 222,000 222,000 214,000 213,000 212,000 212,000 211,000 210,000 210,000 210,000 210,000 210,000 210,000 210,000  
        additional paid-in capital
      		372,439,000 373,681,000 368,963,000 364,138,000 359,154,000 361,398,000 357,935,000 354,389,000 351,584,000 352,970,000 350,452,000 347,865,000 347,222,000 347,015,000 297,692,000 295,656,000 296,390,000 295,040,000 293,535,000 292,050,000 292,690,000 291,315,000 288,868,000 230,265,000 230,742,000 229,229,000 227,661,000 159,986,000 159,589,000 158,485,000 157,721,000 156,264,000 155,785,000 155,082,000 154,811,000 153,677,000 153,514,000 153,353,000 153,189,000  
        retained earnings
      		1,823,733,000 1,716,945,000 1,582,259,000 1,444,571,000 1,314,410,000 1,229,136,000 1,123,532,000 1,012,796,000 923,709,000 828,247,000 728,105,000 655,234,000 585,686,000 533,121,000 468,873,000 438,868,000 414,756,000 385,942,000 340,133,000 306,017,000 272,890,000 243,315,000 207,179,000 194,323,000 166,074,000 162,911,000 146,832,000 135,628,000 123,563,000 106,545,000 103,584,000 93,129,000 84,498,000 73,502,000 68,840,000 65,900,000 58,663,000 53,640,000 47,818,000  
        accumulated other comprehensive loss
      		-65,605,000 -30,692,000 -36,240,000 -56,371,000 -70,824,000 -97,206,000 -46,751,000 -110,215,000 -104,557,000 -94,617,000 -155,027,000 -131,516,000 -117,409,000                            
        treasury stock
      		-163,456,000 -100,585,000 -49,999,000 -29,999,000 -19,999,000 -10,000,000                                   
        total stockholders’ equity
      		1,967,346,000  1,865,217,000 1,722,573,000 1,582,975,000  1,434,949,000 1,257,203,000 1,170,969,000  923,762,000 871,815,000 815,731,000  619,455,000 634,066,000 665,570,000  659,165,000 629,636,000 587,566,000  534,131,000 456,114,000 401,334,000  390,036,000 307,907,000 288,889,000  257,905,000 247,945,000 239,850,000  231,758,000      
        total liabilities and stockholders’ equity
      		6,215,470,000 6,043,561,000 5,833,305,000 5,556,526,000 5,214,999,000 4,886,704,000 4,732,243,000 4,395,291,000 4,031,287,000 3,772,974,000 3,442,536,000 3,270,202,000 2,997,822,000 2,747,122,000 2,464,232,000 2,198,119,000 2,114,555,000 2,025,655,000 1,898,895,000 1,806,277,000 1,645,338,000 1,546,896,000 1,468,589,000 1,289,348,000 1,165,489,000 1,090,550,000 1,036,449,000 894,806,000 852,873,000 773,063,000 770,501,000 728,903,000 687,767,000 667,849,000 662,994,000 622,966,000 594,455,000 614,389,000 663,271,000  
        fixed-maturity securities available-for-sale, at fair value
      		 4,341,450,000    3,537,563,000    2,711,759,000    1,760,100,000    1,392,066,000    1,081,800,000    729,532,000    510,251,000           
        premiums and fees receivable, net of allowance for credit losses of 27,328 in 2025 and 26,926 in 2024
      		 124,593,000                                       
        reinsurance recoverables, net of allowance for credit losses of 1,072 in 2025 and 932 in 2024
      		 394,329,000                                       
        indefinite-lived intangible assets
      		 3,538,000    3,538,000    3,538,000    3,538,000                           
        contingencies
      		                                        
        stockholders’ equity
      		 1,959,583,000    1,483,561,000    1,086,832,000    745,449,000    699,335,000    576,238,000    405,880,000    263,986,000    238,189,000  226,045,000 216,471,000 210,214,000 209,884,000  
        premiums and fees receivable, net of allowance for credit losses of 25,388 – 2025; 26,926 – 2024
      		  124,061,000                                      
        reinsurance recoverables, net of allowance for credit losses of 1,086 – 2025; 932 – 2024
      		  391,164,000                                      
        premiums and fees receivable, net of allowance for credit losses of 26,906 – 2025; 26,926 – 2024
      		   168,366,000                                     
        reinsurance recoverables, net of allowance for credit losses of 994 – 2025; 932 – 2024
      		   387,279,000                                     
        premiums and fees receivable, net of allowance for credit losses of 27,999 – 2025; 26,926 – 2024
      		    148,565,000                                    
        reinsurance recoverables, net of allowance for credit losses of 932 – 2025; 932 – 2024
      		    374,115,000                                    
        premiums and fees receivable, net of allowance for credit losses of 26,926 in 2024 and 13,383 in 2023
      		     140,027,000                                   
        reinsurance recoverables, net of allowance for credit losses of 932 in 2024 and 744 in 2023
      		     337,891,000                                   
        premiums and fees receivable, net of allowance for credit losses of 23,224 – 2024; 13,383 – 2023
      		      134,952,000                                  
        reinsurance recoverables, net of allowance for credit losses of 936 – 2024; 744 – 2023
      		      318,636,000                                  
        premiums and fees receivable, net of allowance for credit losses of 21,226 – 2024; 13,383 – 2023
      		       171,815,000                                 
        reinsurance recoverables, net of allowance for credit losses of 841 – 2024; 744 – 2023
      		       302,092,000                                 
        premiums and fees receivable, net of allowance for credit losses of 15,482 – 2024; 13,383 – 2023
      		        159,154,000                                
        reinsurance recoverables, net of allowance for credit losses of 784 – 2024; 744 – 2023
      		        272,215,000                                
        premiums and fees receivable, net of allowance for credit losses of 13,383 in 2023 and 8,067 in 2022
      		         143,212,000                               
        reinsurance recoverables, net of allowance for credit losses of 744 in 2023 and 459 in 2022
      		         247,836,000                               
        premiums and fees receivable, net of allowance for credit losses of 14,379 – 2023; 8,067 – 2022
      		          124,087,000                              
        reinsurance recoverables, net of allowance for credit losses of 459 – 2023; 459 – 2022
      		          240,852,000 229,903,000 218,796,000                            
        assets held for sale
      		           57,526,000                             
        premiums receivable, net of allowance
      		           147,092,000 128,774,000 105,754,000                           
        reinsurance recoverables, net of allowance for credit losses of 459 in 2022 and 400 in 2021
      		             220,454,000                           
        accumulated other comprehensive income
      		             -134,918,000 -147,339,000 -100,687,000 -45,805,000 18,125,000 25,269,000 31,341,000 21,758,000 41,380,000 37,857,000 31,303,000 4,295,000 13,518,000 15,321,000 12,079,000 5,524,000 -1,256,000 -3,612,000 -1,659,000 -643,000 9,395,000 7,897,000 6,258,000 4,084,000 3,011,000 8,667,000  
        premiums receivable
      		              96,102,000 97,308,000 86,397,000 71,004,000 63,709,000 65,727,000 55,212,000 48,641,000 47,646,000 50,866,000 42,187,000 34,483,000 33,424,000 34,150,000 30,941,000 24,253,000 22,465,000 24,023,000 22,892,000 19,787,000 19,103,000 19,043,000 18,696,000 16,984,000 15,483,000 16,667,000 
        reinsurance recoverables
      		              188,803,000 135,037,000 129,287,000 122,970,000 112,026,000 105,496,000 96,191,000 93,215,000 88,305,000 73,123,000 71,422,000 72,574,000 65,345,000 65,937,000 59,334,000 56,788,000 64,949,000 54,436,000 50,742,000 49,593,000 46,487,000 39,742,000 40,649,000 70,317,000 77,610,000 75,542,000 
        credit facility
      		               42,759,000 42,727,000 42,696,000 42,664,000 42,633,000 42,601,000 42,570,000 40,138,000 33,107,000 24,075,000 16,744,000 11,212,000              
        deferred income tax liability
      		                   2,559,000  4,648,000 1,248,000 61,000                 
        commitments and contingencies
      		                                        
        fixed-maturity securities available for sale, at fair value
      		                       893,364,000 818,905,000  716,639,000 590,077,000 540,778,000  508,011,000 467,922,000 462,534,000        
        fixed maturity securities available-for-sale, at fair value
      		                                 425,191,000 415,893,000 390,678,000 397,757,000 411,223,000 398,779,000 378,423,000 
        equity securities available-for-sale, at fair value
      		                                 54,132,000 43,010,000 26,173,000 22,410,000 18,374,000 17,788,000 17,143,000 
        receivable from reinsurers
      		                                     8,567,000 7,306,000 5,219,000 
        funds held for reinsurers
      		                                     36,497,000 52,545,000 49,887,000 
        note payable
      		                                      27,223,000 29,683,000 
        class a common stock, 0.0001 par value...
      		                                        
        class b common stock, 0.0001 par value...
      		                                        
        liabilities and stockholders’ equity
      		                                        
        preferred stock, 0.01 par value...
      		                                        
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 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 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 
                                               
          operating activities:
        		                                       
          net cash from operating activities
        		248,869,000 241,394,000 303,474,000 269,091,000 229,779,000 212,977,000 274,031,000 278,934,000 210,359,000 211,527,000 224,731,000 225,973,000 197,604,000 101,116,000 178,045,000 156,725,000 121,929,000 105,161,000 106,933,000 103,626,000 91,322,000 73,513,000 73,874,000 72,904,000 59,683,000 59,257,000 47,808,000 37,488,000 33,804,000 25,574,000 27,983,000 28,986,000 21,437,000 12,851,000 23,765,000 25,335,000 15,447,000 17,138,000 20,123,000 
          capital expenditures
        		-7,550,000 -10,602,000 -13,931,000 -17,013,000 -12,139,000 -10,786,000 -5,828,000 -3,818,000 -3,511,000 -1,106,000 -1,282,000 -1,559,000 -2,660,000 -2,157,000 -2,721,000 -1,320,000 -703,000 -1,150,000 -1,824,000 -1,664,000 -1,282,000 -3,787,000 -8,975,000 -10,849,000 -9,264,000 -7,216,000 -6,407,000 -2,074,000 -3,925,000 -651,000 -164,000 -364,000 -94,000 -76,000 -41,000 -31,000 -31,000 -189,000 -140,000 
          free cash flows
        		241,319,000 230,792,000 289,543,000 252,078,000 217,640,000 202,191,000 268,203,000 275,116,000 206,848,000 210,421,000 223,449,000 224,414,000 194,944,000 98,959,000 175,324,000 155,405,000 121,226,000 104,011,000 105,109,000 101,962,000 90,040,000 69,726,000 64,899,000 62,055,000 50,419,000 52,041,000 41,401,000 35,414,000 29,879,000 24,923,000 27,819,000 28,622,000 21,343,000 12,775,000 23,724,000 25,304,000 15,416,000 16,949,000 19,983,000 
          investing activities:
        		                                       
          purchase of property and equipment
        		-7,550,000 -10,602,000 -13,931,000 -17,013,000 -12,139,000 -10,786,000 -5,828,000 -3,818,000 -3,511,000 -1,106,000 -1,282,000 -1,559,000 -2,660,000 -2,157,000 -2,721,000 -1,320,000 -703,000 -1,150,000 -1,824,000 -1,664,000 -1,282,000 -3,787,000 -8,975,000 -10,849,000 -9,264,000 -7,216,000 -6,407,000 -2,074,000 -3,925,000 -651,000 -164,000 -364,000 -94,000 -76,000 -41,000 -31,000 -31,000 -189,000 -140,000 
          change in short-term investments
        		3,874,000 7,074,000 23,485,000 4,999,000 -34,999,000 -3,674,000 6,963,000   23,635,000 0 -1,995,000 15,066,000 40,475,000 -70,320,000 -9,953,000 -840,000                     254,000 6,399,000 
          purchases – fixed-maturity securities
        		-361,756,000 -725,830,000 -828,826,000 -570,077,000 -369,457,000 -292,469,000 -505,273,000 -462,407,000 -297,392,000 -369,128,000 -280,116,000 -409,584,000 -258,220,000 -151,667,000 -201,702,000 -171,537,000 -226,496,000 -145,922,000 -193,848,000 -210,142,000 -105,010,000 -141,019,000 -158,601,000 -84,149,000 -146,963,000 -60,868,000 -129,979,000 -72,316,000 -43,040,000 -24,134,000 -60,832,000         
          purchases – equity securities
        		-33,137,000 -51,815,000 -36,525,000 -52,184,000 -42,710,000 -41,378,000 -30,870,000 -34,463,000 -49,766,000 -24,558,000 -21,512,000 -20,235,000 -20,300,000 -10,408,000 -292,000 -319,000 -487,000 -13,150,000 -3,434,000 -5,001,000 -3,282,000 -2,992,000 -1,845,000 -18,542,000 -13,443,000 -8,748,000 -17,546,000 -1,762,000 -1,831,000 -3,895,000 -1,562,000 -4,031,000 -3,168,000 -10,693,000 -14,614,000 -3,187,000 -3,114,000 -139,000 -101,000 
          sales – fixed-maturity securities
        		182,746,000 490,018,000 394,894,000 175,766,000 106,974,000 15,192,000 84,884,000 121,489,000 67,795,000 41,202,000 16,998,000 138,198,000 49,220,000 -9,974,000 682,000 18,146,000 54,238,000 10,454,000 14,871,000 56,884,000 30,797,000 40,707,000 24,517,000 22,884,000 31,641,000 3,016,000 1,069,000 3,025,000 28,416,000 2,019,000 4,495,000         
          sales – equity securities
        		8,583,000 0 3,000,000 0 11,585,000 150,000 3,350,000 20,757,000 10,123,000 23,120,000 1,252,000 5,114,000 1,137,000 1,000,000 0 2,365,000 1,625,000 1,432,000 1,602,000       704,000 17,886,000 1,954,000 915,000 455,000 64,000 928,000 982,000       
          maturities and calls – fixed-maturity securities
        		92,808,000 71,796,000 195,300,000 214,329,000 144,678,000 134,940,000 116,839,000 120,109,000 80,464,000 62,690,000 51,527,000 36,181,000 26,103,000 20,632,000 24,606,000 28,224,000 36,953,000 76,462,000 39,986,000 54,630,000 45,053,000 27,599,000 24,125,000 22,597,000 19,482,000 23,453,000 18,782,000 11,154,000 14,545,000 12,208,000 15,633,000         
          other
        		    15,107,000                                   
          net cash from investing activities
        		-114,432,000 -219,359,000 -262,603,000 -259,287,000 -180,961,000 -198,025,000 -329,935,000 -239,651,000 -192,514,000 -244,528,000 -171,745,000 -254,407,000 -190,212,000 -188,722,000 -249,747,000 -134,394,000 -135,710,000 -71,874,000 -142,647,000 -103,710,000 -33,724,000 -77,047,000 -120,779,000 -68,059,000 -113,548,000 -49,659,000 -116,195,000 -60,019,000 -4,920,000 -13,998,000 -42,366,000 -4,579,000 -45,597,000 -26,635,000 -20,218,000 -6,203,000 10,624,000 -41,571,000 -7,852,000 
          financing activities:
        		                                       
          payroll taxes withheld and remitted on share-based payments
        		-6,734,000 1,000 0 -34,000 -6,248,000 -82,000 0 -1,123,000 -5,842,000 -48,000 0 -2,130,000 -2,104,000 -31,000 0 -2,741,000 -516,000 -19,000 0   0 0   0 0             
          proceeds from stock options exercised
        		511,000  127,000 244,000 235,000  51,000 219,000 933,000  172,000 230,000 324,000  373,000 150,000 378,000  220,000 163,000 339,000  954,000    991,000 394,000 597,000  934,000 79,000 545,000       
          dividends paid
        		-5,812,000 -3,913,000 -3,937,000 -3,939,000 -3,993,000 -3,475,000 -3,477,000 -3,490,000 -3,498,000 -3,231,000 -3,228,000 -3,257,000 -3,238,000 -2,989,000 -2,967,000 -3,008,000 -2,963,000 -2,500,000 -2,499,000 -2,527,000 -2,495,000 -2,037,000 -2,030,000 -2,015,000 -1,991,000 -1,766,000 -1,762,000 -1,705,000 -1,696,000 -1,481,000 -1,477,000 -1,475,000 -1,473,000 -1,262,000 -1,261,000 -1,258,000 -1,258,000 -1,049,000  
          treasury stock acquired – share repurchases
        		-62,500,000  -20,000,000 -10,000,000 -9,999,000                                   
          net cash from financing activities
        		-74,535,000 -28,836,000 -8,810,000 -13,729,000 -20,005,000 -13,430,000 -3,426,000 -4,394,000 -8,407,000 -3,249,000 -15,099,000 -5,157,000 -5,018,000 117,667,000 77,025,000 -5,599,000 -3,101,000 -2,259,000 -2,279,000 -4,446,000 -2,156,000 1,931,000 62,625,000 5,577,000 6,011,000 4,502,000 76,564,000 -2,212,000 -1,099,000 -1,231,000 -543,000 -1,396,000 -928,000 -1,153,000 -293,000 -1,258,000 -1,267,000 -28,572,000 69,250,000 
          net change in cash and cash equivalents
        		59,902,000 -6,801,000 32,061,000 -3,925,000 28,813,000 1,522,000 -59,330,000 34,889,000 9,438,000 -36,250,000 37,887,000 -33,591,000 2,374,000 30,061,000 5,323,000 16,732,000 -16,882,000 31,028,000 -37,993,000 -4,530,000 55,442,000 -1,603,000 15,720,000 10,422,000 -47,854,000 14,100,000 8,177,000 -24,743,000 27,785,000 10,345,000 -14,926,000 23,011,000 -25,088,000 -14,937,000 3,254,000 17,874,000 24,804,000 -53,005,000 81,521,000 
          cash and cash equivalents at beginning of year
        		163,361,000 0 0 0 113,213,000 0 0 0 126,694,000 0 0 0 156,274,000 0 0 0 121,040,000 0 0 0 77,093,000 0 0 0 100,408,000 0 0 0 75,089,000 0 0 0 81,747,000 0 0 0 50,752,000 0 0 
          cash and cash equivalents at end of period
        		223,263,000  32,061,000 -3,925,000 142,026,000  -59,330,000 34,889,000 136,132,000  37,887,000 -33,591,000 158,648,000  5,323,000 16,732,000 104,158,000  -37,993,000 -4,530,000 132,535,000  15,720,000 10,422,000 52,554,000  8,177,000 -24,743,000 102,874,000  -14,926,000 23,011,000 56,659,000  3,254,000 17,874,000 75,556,000  81,521,000 
          net income
        		                                       
          adjustments to reconcile net income to net cash from operating activities:
        		                                       
          change in fair value of equity securities
        		                                       
          net realized investment gains
        		                                       
          change in allowance for credit losses on investments
        		                                       
          deferred tax expense
        		                                       
          depreciation and amortization
        		                                       
          stock compensation expense
        		                                       
          change in operating assets and liabilities:
        		                                       
          investment income due and accrued
        		                                       
          premiums receivable
        		                                       
          reserves for unpaid loss and loss adjustment expenses
        		                                       
          unearned premiums
        		                                       
          reinsurance balances
        		                                       
          deferred policy acquisition costs
        		                                       
          income taxes payable
        		                                       
          accounts payable and accrued expenses
        		                                       
          purchase of real estate investment
        		     0 0 -85,000 -227,000 -383,000 -648,000 -527,000 -558,000                           
          sale of real estate investment
        		         0                              
          proceeds from borrowings under credit facility
        		                                       
          proceeds from notes payable
        		         0    0                          
          repayment of credit facility
        		                                       
          debt issuance costs
        		         -121,000    0            0 -344,000             
          common stock issued, stock options exercised
        		                        702,000               
          treasury stock acquired — share repurchases
        		                                       
          cash and cash equivalents at end of year
        		                                       
          proceeds from borrowing under credit facility
        		                                       
          deferred tax benefit
        		                                       
          proceeds from issuance of common stock, net of issuance costs
        		                     -3,000    0              
          payoff of credit facility
        		                                       
          sale of property and equipment
        		                     78,000 0 0 4,999,000               
          net unrealized gains on equity securities
        		                                       
          income taxes (recoverable) payable
        		                                       
          proceeds from credit facility
        		                     2,400,000 7,000,000 9,000,000 7,300,000 5,500,000              
          net unrealized losses on equity securities
        		                                       
          funds held for reinsurers
        		                                       
          payments on capital lease
        		                                 0 0 0 -9,000 -23,000 -43,000 
          common stock issued, net of transaction costs
        		                                     0  
          repayment of note payable
        		                                     -27,500,000  
          purchases – fixed maturity securities
        		                                -82,587,000 -41,494,000 -48,925,000 -15,014,000 -6,147,000 -59,651,000 -25,714,000 
          sales – fixed maturity securities
        		                                3,913,000 5,101,000 6,220,000 1,000 718,000 0 486,000 
          maturities and calls – fixed maturity securities
        		                                35,357,000 20,527,000 22,661,000 26,509,000 19,198,000 18,154,000 11,218,000 
          net investment gains
        		                                       
          securities available-for-sale:
        		                                       
          class a common shares issued
        		                                       
          proceeds from note payable
        		                                       
          net proceeds from initial public offering
        		                                       
          proceed from note payable