{"id":18420,"date":"2024-05-02T20:12:21","date_gmt":"2024-05-02T20:12:21","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/palomar-holdings-inc-reports-first-quarter-2024-results\/"},"modified":"2024-05-02T20:12:21","modified_gmt":"2024-05-02T20:12:21","slug":"palomar-holdings-inc-reports-first-quarter-2024-results","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/palomar-holdings-inc-reports-first-quarter-2024-results\/","title":{"rendered":"Palomar Holdings, Inc. Reports First Quarter\u00a02024 Results"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"justify\">LA JOLLA, Calif., May  02, 2024  (GLOBE NEWSWIRE) &#8212; Palomar Holdings, Inc. (NASDAQ:PLMR) (\u201cPalomar\u201d or \u201cCompany\u201d) reported net income of $26.4\u00a0million, or $1.04\u00a0per diluted share, for the\u00a0first quarter of 2024 compared to net income of\u00a0$17.3 million, or $0.68\u00a0per diluted share, for the\u00a0first quarter of\u00a02023. Adjusted net income<sup>(1)<\/sup> was\u00a0$27.8 million, or\u00a0$1.09\u00a0per diluted share, for the\u00a0first quarter of 2024 as compared to\u00a0$20.4 million, or\u00a0$0.80\u00a0per diluted share, for the\u00a0first quarter of\u00a02023.<\/p>\n<p align=\"justify\"><strong>First Quarter\u00a02024 Highlights<\/strong><\/p>\n<ul>\n<li>Gross written premiums increased by\u00a047.2% to\u00a0$368.1 million compared to\u00a0$250.1 million in the\u00a0first quarter of\u00a02023<\/li>\n<li>Net income of\u00a0$26.4 million, compared to\u00a0$17.3 million in the\u00a0first quarter of\u00a02023<\/li>\n<li>Adjusted net income<sup>(1)<\/sup>\u00a0of\u00a0$27.8 million, compared to\u00a0$20.4 million in the\u00a0first quarter of\u00a02023<\/li>\n<li>Total loss ratio of 24.9%\u00a0compared to\u00a024.8% in the\u00a0first quarter of\u00a02023<\/li>\n<li>Combined ratio of 76.9%\u00a0compared to\u00a077.9% in the\u00a0first quarter of\u00a02023<\/li>\n<li>Adjusted combined ratio<sup>(1)<\/sup>\u00a0of 73.0%, compared to 73.3%, in the\u00a0first quarter of\u00a02023<\/li>\n<li>Annualized return on equity of 21.7%, compared to\u00a017.5% in the\u00a0first quarter of\u00a02023<\/li>\n<li>Annualized adjusted return on equity<sup>(1)<\/sup>\u00a0of 22.9%, compared to\u00a020.7% in the\u00a0first quarter of\u00a02023<\/li>\n<\/ul>\n<p><em>(1)<\/em>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>See discussion of <\/em>\u201c<em>Non-GAAP and Key Performance Indicators<\/em>\u201d<em> below.<\/em><\/p>\n<p align=\"justify\">Mac Armstrong, Chairman\u00a0and Chief Executive Officer, commented, \u201cThe strong results of our first quarter are a testament to Palomar&#8217;s\u00a0focus on profitable growth.\u00a0We further demonstrated our ability to \u2018grow where we want to\u2019 and deliver predictable earnings.\u00a0Our five product categories combined to generate gross written premium growth of 47.2% with especially strong contributions from our Crop and Casualty products.\u00a0These younger product\u00a0lines combined with our market leading Earthquake franchise, which grew 18% on a same-store basis, drove adjusted net income growth of 36.0%, and an adjusted return on equity of 22.9%.&#8221;\u00a0<\/p>\n<p align=\"justify\">Mr. Armstrong continued, \u201cOur portfolio of specialty insurance products is well positioned and provides a strong foundation to our\u00a0full year outlook which we have raised today.\u00a0Additionally, our continued investment across the organization will sustain not only our Palomar 2X strategic plan but also deliver industry leading\u00a0profitability and returns.\u00a0We are off to a terrific start to the year.\u201d<\/p>\n<p><strong><u>Underwriting Results<\/u><\/strong><\/p>\n<p align=\"justify\">Gross written premiums increased\u00a047.2% to\u00a0$368.1 million compared to\u00a0$250.1\u00a0million in the\u00a0first\u00a0quarter of 2023, while net earned premiums increased\u00a029.6% compared to the prior year\u2019s first\u00a0quarter.\u00a0<\/p>\n<p align=\"justify\">Losses and loss adjustment expenses for the first\u00a0quarter were\u00a0$26.8 million, comprised of\u00a0$23.5 million of non-catastrophe attritional losses and\u00a0$3.4\u00a0million of catastrophe losses from flood activity.\u00a0The loss ratio for the quarter was 24.9%, comprised of a catastrophe loss ratio<sup>(1)<\/sup> of 3.1%\u00a0and an attritional loss ratio of 21.8%, compared to a loss ratio of\u00a024.8% during the same period last year comprised of a catastrophe loss ratio<sup>(1)<\/sup> of\u00a02.2% and attritional loss ratio of 22.6%.<\/p>\n<p align=\"justify\">Underwriting income<sup>(1)<\/sup> for the first\u00a0quarter was\u00a0$25.0 million resulting in a combined ratio of\u00a076.9% compared to underwriting income of\u00a0$18.4 million resulting in a combined ratio of 77.9%\u00a0during the same period last year. The Company\u2019s adjusted underwriting income<sup>(1)<\/sup> was\u00a0$29.2 million resulting in an adjusted combined ratio<sup>(1)<\/sup> of 73.0%\u00a0in the first quarter compared to adjusted underwriting income<sup>(1) <\/sup>of\u00a0$22.2 million and an adjusted combined ratio<sup>(1)<\/sup> of\u00a073.3% during the same period last year.<\/p>\n<p align=\"justify\"><strong><u>Investment Results<\/u><\/strong><br \/>Net investment income increased by\u00a039.4% to\u00a0$7.1 million compared to\u00a0$5.1 million in the prior year\u2019s first\u00a0quarter. The increase was primarily due to higher yields on invested assets and a higher average balance of investments held during the three\u00a0months ended March 31, 2024 due to cash generated from operations. The weighted average duration of the fixed-maturity investment portfolio, including cash equivalents, was\u00a03.62 years at March 31, 2024. Cash and invested assets totaled\u00a0$766.4 million at March 31, 2024. During the\u00a0first quarter, the Company recorded net realized and unrealized gains of\u00a0$3.0 million related to its investment portfolio as compared to net realized and unrealized gains of\u00a0$0.1\u00a0million during the same period last year.<\/p>\n<p align=\"justify\"><strong><u>Tax Rate<\/u><\/strong><br \/>The effective tax rate for the three\u00a0months ended March 31, 2024 was\u00a023.2% compared to\u00a023.5% for the three\u00a0months ended March 31, 2023. For the current quarter, the Company\u2019s income tax rate differed from the statutory rate due primarily to the non-deductible executive compensation expense.<\/p>\n<p align=\"justify\"><strong><u>Stockholders<\/u><\/strong><u>\u2019<\/u><strong><u> Equity and Returns<\/u><\/strong><br \/>Stockholders&#8217; equity was\u00a0$501.7 million at March 31, 2024, compared to $404.6 million at March 31, 2023. For the\u00a0three months ended March 31, 2024, the Company\u2019s annualized return on equity was\u00a021.7% compared to 17.5%\u00a0for the same period in the prior year while adjusted return on equity<sup>(1)<\/sup> was 22.9%\u00a0compared to\u00a020.7% for the same period in the prior year. There were no share repurchases during the three\u00a0months ended March 31, 2024.<\/p>\n<p align=\"justify\"><strong><u>Full Year 2024\u00a0Outlook<\/u><\/strong><br \/>For the full year\u00a02024, the Company is increasing its guidance range and now expects to achieve adjusted net income of $113\u00a0million to $118 million. This range includes $3.4 million of catastrophe losses incurred during the three months ended March 31, 2024.\u00a0<\/p>\n<p align=\"justify\"><strong><u>Conference Call<\/u><\/strong><br \/>As previously announced, Palomar will host a conference call Friday May 3, 2024, to discuss its first quarter\u00a02024 results at 11:00 a.m. (Eastern Time). The conference call can be accessed live by dialing 1-877-423-9813 or for international callers, 1-201-689-8573, and requesting to be joined to the Palomar\u00a0First Quarter 2024\u00a0Earnings Conference Call. A replay will be available starting at 4:00 p.m. (Eastern Time) on May 3, 2024, and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 13745676. The replay will be available until 11:59 p.m. (Eastern Time) on May 10, 2024.<\/p>\n<p align=\"justify\">Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the investor relations section of the Company\u2019s website at http:\/\/ir.palomarspecialty.com\/. The online replay will remain available for a limited time beginning immediately following the call.<\/p>\n<p align=\"justify\"><strong><u>About Palomar Holdings, Inc.<\/u><\/strong><br \/>Palomar Holdings, Inc. is the holding company of subsidiaries Palomar Specialty Insurance Company (\u201cPSIC\u201d), Palomar Specialty Reinsurance Company Bermuda Ltd., Palomar Insurance Agency, Inc.,\u00a0 Palomar Excess and Surplus Insurance Company (\u201cPESIC\u201d), and Palomar Underwriters Exchange Organization, Inc. Palomar&#8217;s consolidated results also include\u00a0Laulima Reciprocal Exchange, a variable interest entity for which the Company is the primary beneficiary. Palomar is an innovative specialty\u00a0insurer serving residential and commercial clients in five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. Palomar\u2019s insurance subsidiaries, Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda Ltd., and Palomar Excess and Surplus Insurance Company, have a financial strength rating of \u201cA-\u201d (Excellent) from A.M. Best.\u00a0<\/p>\n<p align=\"justify\">To learn more, visit PLMR.com.<\/p>\n<p align=\"justify\"><strong>Non-GAAP and Key Performance Indicators<\/strong><\/p>\n<p align=\"justify\">Palomar discusses certain key performance indicators, described below, which provide useful information about the Company\u2019s business and the operational factors underlying the Company\u2019s financial performance.<\/p>\n<p align=\"justify\"><em>Underwriting revenue<\/em>\u00a0is a non-GAAP financial measure defined as total revenue, excluding net investment income and net realized and unrealized gains and losses on investments. See \u201cReconciliation of Non-GAAP Financial Measures\u201d for a reconciliation of total revenue calculated in accordance with GAAP to underwriting revenue.<\/p>\n<p align=\"justify\"><em>Underwriting income<\/em>\u00a0is a non-GAAP financial measure defined as income before income taxes excluding net investment income, net realized and unrealized gains and losses on investments, and interest expense. See \u201cReconciliation of Non-GAAP Financial Measures\u201d for a reconciliation of income before income taxes calculated in accordance with GAAP to underwriting income.<\/p>\n<p align=\"justify\"><em>Adjusted net income<\/em>\u00a0is a non-GAAP financial measure defined as net income excluding the impact of certain items that may not be indicative of underlying business trends, operating results, or future outlook, net of tax impact. Palomar calculates the tax impact only on adjustments which would be included in calculating the Company\u2019s income tax expense using the estimated tax rate at which the company received a deduction for these adjustments. See \u201cReconciliation of Non-GAAP Financial Measures\u201d for a reconciliation of net income calculated in accordance with GAAP to adjusted net income.<\/p>\n<p align=\"justify\"><em>Annualized Return on equity<\/em>\u00a0is net income expressed on an annualized basis as a\u00a0percentage of average beginning and ending stockholders\u2019 equity during the period.<\/p>\n<p align=\"justify\"><em>Annualized adjusted return on equity<\/em>\u00a0is a non-GAAP financial measure defined as adjusted net income expressed on an annualized basis as a\u00a0percentage of average beginning and ending stockholders\u2019 equity during the period. See \u201cReconciliation of Non-GAAP Financial Measures\u201d for a reconciliation of return on equity calculated using unadjusted GAAP numbers to adjusted return on equity.<\/p>\n<p align=\"justify\"><em>Loss ratio<\/em>, expressed as a\u00a0percentage, is the ratio of losses and loss adjustment expenses, to net earned premiums.<\/p>\n<p align=\"justify\"><em>Expense ratio,<\/em>\u00a0expressed as a\u00a0percentage, is the ratio of acquisition and other underwriting expenses, net of commission and other income to net earned premiums.<\/p>\n<p align=\"justify\"><em>Combined ratio<\/em>\u00a0is defined as the sum of the loss ratio and the expense ratio. A combined ratio under 100% generally indicates an underwriting profit. A combined ratio over 100% generally indicates an underwriting loss.<\/p>\n<p align=\"justify\"><em>Adjusted combined ratio<\/em>\u00a0is a non-GAAP financial measure defined as the sum of the loss ratio and the expense ratio calculated excluding the impact of certain items that may not be indicative of underlying business trends, operating results, or future outlook. See \u201cReconciliation of Non-GAAP Financial Measures\u201d for a reconciliation of combined ratio calculated using unadjusted GAAP numbers to adjusted combined ratio.<\/p>\n<p align=\"justify\"><em>Diluted adjusted earnings per share<\/em>\u00a0is a non-GAAP financial measure defined as adjusted net income divided by the weighted-average common shares outstanding for the period, reflecting the dilution which could occur if equity-based awards are converted into common share equivalents as calculated using the treasury stock method.\u00a0See \u201cReconciliation of Non-GAAP Financial Measures\u201d for a reconciliation of diluted earnings per share calculated in accordance with GAAP to diluted adjusted earnings per share.<\/p>\n<p align=\"justify\"><em>Catastrophe loss ratio<\/em>\u00a0is a non-GAAP financial measure defined as the ratio of catastrophe losses to net earned premiums. See \u201cReconciliation of Non-GAAP Financial Measures\u201d for a reconciliation of loss ratio calculated using unadjusted GAAP numbers to catastrophe loss ratio.<\/p>\n<p align=\"justify\"><em>Adjusted combined ratio excluding catastrophe losses<\/em>\u00a0is a non-GAAP financial measure defined as adjusted combined ratio excluding the impact of catastrophe losses. \u00a0See \u201cReconciliation of Non-GAAP Financial Measures\u201d for a reconciliation of combined ratio calculated using unadjusted GAAP numbers to adjusted combined ratio excluding catastrophe losses.<\/p>\n<p align=\"justify\"><em>Adjusted underwriting income<\/em>\u00a0is a non-GAAP financial measure defined as underwriting income excluding the impact of certain items that may not be indicative of underlying business trends, operating results, or future outlook. See \u201cReconciliation of Non-GAAP Financial Measures\u201d for a reconciliation of income before income taxes calculated in accordance with GAAP to adjusted underwriting income.<\/p>\n<p align=\"justify\"><em>Tangible stockholders<\/em>\u2019<em> equity<\/em>\u00a0is a non-GAAP financial measure defined as stockholders\u2019 equity less goodwill and intangible assets. See \u201cReconciliation of Non-GAAP Financial Measures\u201d for a reconciliation of stockholders\u2019 equity calculated in accordance with GAAP to tangible stockholders\u2019 equity.<\/p>\n<p align=\"justify\"><strong>Safe Harbor Statement<\/strong><br \/>Palomar cautions you that statements contained in this press release may regard matters that are not historical facts but are forward-looking statements. These statements are based on the company\u2019s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by Palomar that any of its plans will be achieved. Actual results may differ from those set forth in this press release due to the risks and uncertainties inherent in the Company\u2019s business. The forward-looking statements are typically, but not always, identified through use of the words &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;enable,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;intends,&#8221; &#8220;estimate,&#8221; &#8220;anticipate,&#8221; &#8220;plan,&#8221; &#8220;predict,&#8221; &#8220;probable,&#8221; &#8220;potential,&#8221; &#8220;possible,&#8221; &#8220;should,&#8221; &#8220;continue,&#8221; and other words of similar meaning. Actual results could differ materially from the expectations contained in forward-looking statements as a result of several factors, including unexpected expenditures and costs, unexpected results or delays in development and regulatory review, regulatory approval requirements, the frequency and severity of adverse events and competitive conditions. These and other factors that may result in differences are discussed in greater detail in the Company&#8217;s filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.<\/p>\n<p><strong>Contact<\/strong><br \/>Media Inquiries\u00a0<br \/>Lindsay Conner\u00a0<br \/>1-551-206-6217\u00a0<br \/>lconner@plmr.com\u00a0<\/p>\n<p>Investor Relations<br \/>Jamie Lillis<br \/>1-203-428-3223<br \/>investors@plmr.com<br \/>Source: Palomar Holdings, Inc.<\/p>\n<p><em>Summary of Operating Results<\/em>:<\/p>\n<p>The following tables\u00a0summarize\u00a0the Company\u2019s results for the three months ended March 31, 2024 and 2023:<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Change<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>% Change<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"14\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>($ in thousands, except per share data)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:49%; width:49%; min-width:49%;;vertical-align: bottom ; \">Gross written premiums<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:10%; width:10%; min-width:10%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">368,078<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:10%; width:10%; min-width:10%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">250,112<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:10%; width:10%; min-width:10%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">117,966<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">47.2<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Ceded written premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(228,171<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(170,344<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(57,827<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">33.9<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Net written premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">139,907<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">79,768<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">60,139<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">75.4<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net earned premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">107,866<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">83,241<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24,625<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">29.6<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Commission and other income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">528<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">695<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(167<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(24.0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Total underwriting revenue<sup> (1)<\/sup><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">108,394<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">83,936<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24,458<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">29.1<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Losses and loss adjustment expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">26,837<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">20,652<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">6,185<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">29.9<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Acquisition expenses, net of ceding commissions and fronting fees<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">31,798<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">25,679<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">6,119<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">23.8<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Other underwriting expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24,804<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">19,222<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">5,582<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">29.0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Underwriting income <sup>(1)<\/sup><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24,955<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">18,383<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">6,572<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">35.8<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Interest expense<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(740<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(1,020<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">280<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(27.5<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net investment income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">7,139<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">5,120<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">2,019<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">39.4<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net realized and unrealized gains on investments<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,002<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">146<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">2,856<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">NM<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Income before income taxes<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">34,356<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">22,629<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">11,727<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">51.8<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Income tax expense<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">7,974<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">5,316<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">2,658<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">50.0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \"><strong>Net income<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">26,382<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">17,313<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">9,069<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">52.4<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjustments:<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net realized and unrealized gains on investments<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(3,002<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(146<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(2,856<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">NM<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Stock-based compensation expense<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,820<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,450<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">370<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">10.7<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Amortization of intangibles<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">390<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">313<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">77<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24.6<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Expenses associated with catastrophe bond<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">50<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(50<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(100.0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Tax impact<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">204<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(540<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">744<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(137.8<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \"><strong>Adjusted net income <\/strong><sup><strong>(1)<\/strong><\/sup><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">27,794<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">20,440<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">7,354<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">36.0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Key Financial and Operating Metrics<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Annualized return on equity<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">21.7<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">17.5<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Annualized adjusted return on equity<sup> (1)<\/sup><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">22.9<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">20.7<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Loss ratio<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24.9<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24.8<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Expense ratio<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">52.0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">53.1<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Combined ratio<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">76.9<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">77.9<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjusted combined ratio<sup> (1)<\/sup><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">73.0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">73.3<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Diluted earnings per share<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1.04<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">0.68<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Diluted adjusted earnings per share<sup> (1)<\/sup><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1.09<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">0.80<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Catastrophe losses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,359<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,806<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Catastrophe loss ratio<sup> (1)<\/sup><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3.1<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">2.2<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjusted combined ratio excluding catastrophe losses<sup> (1)<\/sup><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">69.8<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">71.2<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjusted underwriting income<sup> (1)<\/sup><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">29,165<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">22,196<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">6,969<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">31.4<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">NM &#8211; not meaningful<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>(1)- Indicates Non-GAAP financial measure- see above for definition of Non-GAAP financial measures and see below for reconciliation of Non-GAAP financial measures to their most directly comparable measures prepared in accordance with GAAP.<\/p>\n<p><em>Condensed Consolidated Balance sheets<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"9\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Palomar Holdings,<\/strong>\u00a0<strong>Inc. and Subsidiaries<\/strong><\/p>\n<p><strong>Condensed Consolidated Balance Sheets (unaudited)<\/strong><\/p>\n<p><strong>(in thousands, except shares and par value data)<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>December 31,<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>(Unaudited)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; \"><strong>Assets<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Investments:<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Fixed maturity securities available for sale, at fair value (amortized cost: $697,505 in 2024; $675,130 in 2023)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">662,992<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">643,799<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Equity securities, at fair value (cost: $32,785 in 2024; $43,003 in 2023)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">37,171<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">43,160<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Equity method investment<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">2,597<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">2,617<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Other investments<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,871<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Total investments<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">704,631<\/td>\n<td style=\"border-top: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">689,576<\/td>\n<td style=\"border-top: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Cash and cash equivalents<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">61,387<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">51,546<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Restricted cash<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">377<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">306<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Accrued investment income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">5,192<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">5,282<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Premiums receivable<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">322,723<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">261,972<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Deferred policy acquisition costs, net of ceding commissions and fronting fees<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">66,508<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">60,990<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Reinsurance recoverable on paid losses and loss adjustment expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">28,542<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">32,172<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Reinsurance recoverable on unpaid losses and loss adjustment expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">292,024<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">244,622<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Ceded unearned premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">298,975<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">265,808<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Prepaid expenses and other assets<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">82,679<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">72,941<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Deferred tax assets, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">9,408<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">10,119<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Property and equipment, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">312<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">373<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Goodwill and intangible assets, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">11,926<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">12,315<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Total assets<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,884,684<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,708,022<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Liabilities and stockholders&#8217; equity<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Liabilities:<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Accounts payable and other accrued liabilities<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">39,637<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">42,376<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Reserve for losses and loss adjustment expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">402,187<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">342,275<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Unearned premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">662,307<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">597,103<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Ceded premium payable<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">215,329<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">181,742<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Funds held under reinsurance treaty<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">13,716<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">13,419<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Income taxes payable<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">6,850<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">7,255<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Borrowings from credit agreements<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">43,000<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">52,600<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Total liabilities<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,383,026<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,236,770<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Stockholders&#8217; equity:<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2024 and December 31, 2023<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Common stock, $0.0001 par value, 500,000,000 shares authorized, 24,921,060 and 24,772,987 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Additional paid-in capital<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">357,135<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">350,597<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Accumulated other comprehensive loss<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(26,505<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(23,991<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Retained earnings<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">171,025<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">144,643<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Total stockholders&#8217; equity<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">501,658<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">471,252<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Total liabilities and stockholders&#8217; equity<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,884,684<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,708,022<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\"><em>Condensed Consolidated Income Statement<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"9\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Palomar Holdings,<\/strong>\u00a0<strong>Inc. and Subsidiaries<\/strong><\/p>\n<p><strong>Condensed Consolidated Statements of<\/strong>\u00a0<strong>Income and Comprehensive Income (loss) (Unaudited)<\/strong><\/p>\n<p><strong>(in thousands, except shares and per share data)<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; \"><strong>Revenues:<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Gross written premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">368,078<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">250,112<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Ceded written premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(228,171<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(170,344<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net written premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">139,907<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">79,768<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Change in unearned premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(32,041<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,473<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Net earned premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">107,866<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">83,241<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net investment income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">7,139<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">5,120<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net realized and unrealized gains on investments<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,002<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">146<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Commission and other income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">528<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">695<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Total revenues<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">118,535<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">89,202<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Expenses:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Losses and loss adjustment expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">26,837<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">20,652<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Acquisition expenses, net of ceding commissions and fronting fees<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">31,798<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">25,679<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Other underwriting expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24,804<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">19,222<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Interest expense<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">740<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,020<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Total expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">84,179<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">66,573<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Income before income taxes<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">34,356<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">22,629<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Income tax expense<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">7,974<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">5,316<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Net income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">26,382<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">17,313<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Other comprehensive income, net:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net unrealized (losses) gains on securities available for sale<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(2,514<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">5,474<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Net comprehensive income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">23,868<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">22,787<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Per Share Data:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Basic earnings per share<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1.06<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">0.69<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Diluted earnings per share<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1.04<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">0.68<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Weighted-average common shares outstanding:<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Basic<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24,862,367<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24,969,703<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Diluted<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">25,468,564<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">25,442,902<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\"><em>Underwriting Segment Data<\/em><\/p>\n<p>The Company has a single reportable segment and offers specialty insurance products. Gross written premiums (GWP) by product, location and company are presented below:<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"15\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended March 31,<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"18\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>($ in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>% of<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>% of<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>GWP<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>GWP<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Change<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Change<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:37%; width:37%; min-width:37%;;vertical-align: bottom ; \"><strong>Product <\/strong><sup><strong>(1)<\/strong><\/sup><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Earthquake<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">105,729<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">28.7<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">93,495<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">37.4<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">12,234<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">13.1<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Fronting<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">94,831<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">25.8<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">91,755<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">36.7<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,076<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3.4<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Inland Marine and Other Property<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">76,876<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">20.9<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">52,705<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">21.1<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24,171<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">45.9<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Casualty<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">51,935<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">14.1<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">12,157<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">4.9<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">39,778<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">327.2<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Crop<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">38,707<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">10.5<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">38,707<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Total Gross Written Premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">368,078<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">100.0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">250,112<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">100.0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">117,966<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">47.2<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>(1) &#8211; Beginning\u00a0in 2024, the Company\u00a0has updated the categorization of its products\u00a0to align with management&#8217;s current strategy and view of the business.\u00a0Prior year amounts have been reclassified for comparability purposes.\u00a0The recategorization is for presentation purposes only and does not impact overall gross written premiums.<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"15\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended March 31,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"14\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>($ in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>% of<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>% of<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>GWP<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>GWP<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:58%; width:58%; min-width:58%;;vertical-align: bottom ; \"><strong>State<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">California<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">157,217<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">42.7<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">131,889<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">52.7<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Texas<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">40,795<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">11.1<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">23,210<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">9.3<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Florida<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">13,924<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3.8<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">12,096<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">4.8<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Hawaii<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">12,516<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3.4<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">10,105<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">4.0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Washington<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">12,002<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3.3<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">11,972<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">4.8<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Colorado<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">9,605<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">2.6<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,848<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">0.7<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">New York<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">8,030<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">2.2<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,871<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1.5<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">New Mexico<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">7,469<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">2.0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">194<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">0.1<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Other<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">106,520<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">28.9<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">54,927<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">22.0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Total Gross Written Premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">368,078<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">100.0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">250,112<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">100.0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<\/table>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"15\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended March 31,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"14\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>($ in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>% of<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>% of<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>GWP<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>GWP<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:58%; width:58%; min-width:58%;;vertical-align: bottom ; \"><strong>Subsidiary<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">PSIC<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">222,657<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">60.5<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">150,704<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">60.3<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">PESIC<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">136,493<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">37.1<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">99,408<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">39.7<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Laulima<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">8,928<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">2.4<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Total Gross Written Premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">368,078<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">100.0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">250,112<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">100.0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\"><em>Gross and net earned premiums<\/em><\/p>\n<p>The table below shows the amount of premiums the Company earned on a gross and net basis and the Company\u2019s net earned premiums as a percentage of gross earned premiums for each period presented:<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Change<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>% Change<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"14\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>($ in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:57%; width:57%; min-width:57%;;vertical-align: bottom ; \">Gross earned premiums<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">302,872<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">225,243<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">77,629<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">34.5<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Ceded earned premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(195,006<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(142,002<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(53,004<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">37.3<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net earned premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">107,866<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">83,241<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24,625<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">29.6<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net earned premium ratio<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">35.6<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">37.0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><em>Loss detail<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Change<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>% Change<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"14\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>($ in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:57%; width:57%; min-width:57%;;vertical-align: bottom ; \">Catastrophe losses<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,359<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,806<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:8%; width:8%; min-width:8%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,553<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">86.0<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Non-catastrophe losses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">23,478<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">18,846<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">4,632<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24.6<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Total losses and loss adjustment expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">26,837<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">20,652<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">6,185<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">29.9<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<\/table>\n<p>The following table represents a reconciliation of changes in the ending reserve balances for losses and loss adjustment expenses:<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended March 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>(in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; \">Reserve for losses and LAE net of reinsurance recoverables at beginning of period<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">97,653<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">77,520<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; \">Add: Incurred losses and LAE, net of reinsurance, related to:<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; \">Current year<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">26,333<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">17,300<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; \">Prior years<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">504<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,352<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; \">Total incurred<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">26,837<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">20,652<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; \">Deduct: Loss and LAE payments, net of reinsurance, related to:<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; \">Current year<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">4,895<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,393<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; \">Prior years<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">9,432<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">15,413<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; \">Total payments<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">14,327<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">16,806<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Reserve for losses and LAE net of reinsurance recoverables at end of period<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">110,163<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">81,366<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Add: Reinsurance recoverables on unpaid losses and LAE at end of period<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">292,024<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">183,601<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Reserve for losses and LAE gross of reinsurance recoverables on unpaid losses and LAE at end of period<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">402,187<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">264,967<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><em>Reconciliation of Non-GAAP Financial Measures<\/em><\/p>\n<p>For the three months ended March 31, 2024 and 2023, the Non-GAAP financial measures discussed above reconcile to their\u00a0most comparable\u00a0GAAP measures as follows:<\/p>\n<p align=\"justify\"><em>Underwriting revenue<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>(in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; \">Total revenue<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">118,535<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">89,202<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net investment income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(7,139<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(5,120<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net realized and unrealized gains on investments<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(3,002<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(146<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Underwriting revenue<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">108,394<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">83,936<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><em>Underwriting<\/em>\u00a0<em>income and adjusted underwriting income<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>(in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; \">Income before income taxes<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">34,356<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">22,629<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net investment income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(7,139<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(5,120<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net realized and unrealized gains on investments<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(3,002<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(146<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Interest expense<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">740<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,020<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Underwriting income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24,955<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">18,383<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Stock-based compensation expense<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,820<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,450<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Amortization of intangibles<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">390<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">313<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Expenses associated with catastrophe bond<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">50<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjusted underwriting income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">29,165<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">22,196<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><em>Adjusted net income<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>(in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; \">Net income<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">26,382<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">17,313<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjustments:<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net realized and unrealized gains on investments<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(3,002<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(146<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Stock-based compensation expense<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,820<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,450<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Amortization of intangibles<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">390<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">313<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Expenses associated with catastrophe bond<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">50<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Tax impact<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">204<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(540<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjusted net income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">27,794<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">20,440<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><em>Annualized adjusted return on equity<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>(in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:11%; width:11%; min-width:11%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:11%; width:11%; min-width:11%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Annualized adjusted net income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">111,176<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">81,761<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Average stockholders&#8217; equity<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">486,455<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">394,701<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Annualized adjusted return on equity<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">22.9<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">20.7<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<\/table>\n<p><em>Adjusted combined ratio<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>(in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; \">Numerator: Sum of losses and loss adjustment expenses, acquisition expenses, and other underwriting expenses, net of commission and other income<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:11%; width:11%; min-width:11%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">82,911<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:11%; width:11%; min-width:11%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">64,858<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Denominator: Net earned premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">107,866<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">83,241<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Combined ratio<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">76.9<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">77.9<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjustments to numerator:<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Stock-based compensation expense<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(3,820<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(3,450<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Amortization of intangibles<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(390<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(313<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Expenses associated with catastrophe bond<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(50<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjusted combined ratio<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">73.0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">73.3<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<\/table>\n<p><em>Diluted adjusted earnings per share<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>(in thousands, except per share data)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjusted net income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">27,794<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">20,440<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Weighted-average common shares outstanding, diluted<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">25,468,564<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">25,442,902<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Diluted adjusted earnings per share<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1.09<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">0.80<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><em>Catastrophe loss ratio<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>(in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; \">Numerator: Losses and loss adjustment expenses<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:11%; width:11%; min-width:11%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">26,837<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:11%; width:11%; min-width:11%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">20,652<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Denominator: Net earned premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">107,866<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">83,241<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Loss ratio<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24.9<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">24.8<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Numerator: Catastrophe losses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3,359<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">1,806<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Denominator: Net earned premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">107,866<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">83,241<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Catastrophe loss ratio<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">3.1<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">2.2<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<\/table>\n<p><em>Adjusted combined ratio excluding catastrophe losses<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>(in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; \">Numerator: Sum of losses and loss adjustment expenses, acquisition expenses, and other underwriting expenses, net of commission and other income<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:11%; width:11%; min-width:11%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">82,911<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:11%; width:11%; min-width:11%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">64,858<\/td>\n<td style=\"max-width:2%; width:2%; min-width:2%;;border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Denominator: Net earned premiums<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">107,866<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">83,241<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Combined ratio<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">76.9<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">77.9<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjustments to numerator:<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Stock-based compensation expense<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(3,820<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(3,450<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Amortization of intangibles<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(390<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(313<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Expenses associated with catastrophe bond<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(50<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Catastrophe losses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(3,359<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(1,806<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjusted combined ratio excluding catastrophe losses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">69.8<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">71.2<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<\/table>\n<p><em>Tangible Stockholders<\/em>\u2019<em> equity<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>March 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>December 31,<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2024<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>2023<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \"><strong>(in thousands)<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:70%; width:70%; min-width:70%;;vertical-align: bottom ; \">Stockholders&#8217; equity<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">501,658<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"max-width:12%; width:12%; min-width:12%;;text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">471,252<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Goodwill and intangible assets<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(11,926<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">(12,315<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Tangible stockholders&#8217; equity<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">489,732<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">458,937<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>LA JOLLA, Calif., May 02, 2024 (GLOBE NEWSWIRE) &#8212; Palomar Holdings, Inc. (NASDAQ:PLMR) (\u201cPalomar\u201d or \u201cCompany\u201d) reported net income of $26.4\u00a0million, or $1.04\u00a0per diluted share, for the\u00a0first quarter of 2024 compared to net income of\u00a0$17.3 million, or $0.68\u00a0per diluted share, for the\u00a0first quarter of\u00a02023. Adjusted net income(1) was\u00a0$27.8 million, or\u00a0$1.09\u00a0per diluted share, for the\u00a0first quarter [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18421,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/b0865a25-ec6e-452f-ac60-016ffc1fbb94","fifu_image_alt":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-18420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/18420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/comments?post=18420"}],"version-history":[{"count":0,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/18420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media\/18421"}],"wp:attachment":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media?parent=18420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/categories?post=18420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/tags?post=18420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}