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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 12,545,000 $ 11,555,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized investment losses (1,900) 0
Amortization of premium/discounts on fixed maturity securities (2,066,000) (1,078,000)
Stock‐based compensation 2,073,000 265,000
Depreciation and amortization 1,719,000 679,000
Non-cash lease expense 378,000 288,000
Deferred income taxes (2,591,000) (1,745,000)
Warrant expense 332,000 0
Net changes in operating assets and liabilities:    
Accrued investment income (2,068,000) (1,303,000)
Premium balances receivable (30,678,000) (9,613,000)
Reinsurance recoverable (52,636,000) (31,371,000)
Prepaid reinsurance premiums (17,260,000) (16,545,000)
Deferred policy acquisition costs (5,157,000) (2,765,000)
Income taxes receivable (213,000) (105,000)
Other assets (7,445,000) (985,000)
Reserve for losses and loss expenses 156,719,000 94,451,000
Unearned premium 47,098,000 39,898,000
Reinsurance balances payable 5,327,000 8,416,000
Accrued expenses (3,613,000) (4,302,000)
Income taxes payable (13,000) (1,503,000)
Other liabilities 10,967,000 2,343,000
Net cash provided by operating activities 113,416,000 86,580,000
Purchases of:    
Fixed maturity securities (219,832,000) (161,044,000)
Short-term investments (9,907,000) (16,649,000)
Proceeds from the sale and maturity of:    
Fixed maturity securities 56,970,000 12,793,000
Short-term investments 6,180,000 51,494,000
Purchase of property and equipment, net (1,599,000) (1,806,000)
Net cash used in investing activities (168,188,000) (115,212,000)
Net cash provided by financing activities    
Capital contribution from parent 2,839,000 31,000,000
Proceeds from initial public offering, net 130,983,000 0
Net cash provided by financing activities 133,822,000 31,000,000
Net change in cash, cash equivalents and restricted cash 79,050,000 2,368,000
Cash, cash equivalents and restricted cash, beginning of period 119,768,000 80,651,000
Cash, cash equivalents and restricted cash, end of period 198,818,000 83,019,000
Reconciliation of restricted cash    
Cash and cash equivalents 180,324,000 72,623,000
Restricted cash and cash equivalents 18,494,000 10,396,000
Total cash and cash equivalents and restricted cash $ 198,818,000 $ 83,019,000

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