Net Premiums Written

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Direct Written Premiums	1.68B	1.46B
Direct Written Premiums Growth	15.48%	17.52%
Assumed Written Premiums	481.83M	284.60M
Assumed Written Premiums Growth	69.30%	30.16%
Ceded Written Premiums	-760.00M	-619.65M
Net Written Premiums	1.41B	1.12B
Net Written Premiums Growth	25.16%	23.38%

Net Premiums Earned

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Direct Earned Premiums	1.62B	1.38B
Direct Earned Premiums Growth	17.93%	19.04%
Assumed Earned Premiums	1.62B	282.66M
Assumed Earned Premiums Growth	474.04%	45.72%
Ceded Earned Premiums	-724.88M	-601.86M
Net Earned Premiums	1.30B	1.06B
Net Earned Premiums Growth	23.45%	27.45%

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Loss and LAE Ratio	60.90%	63.40%
Expense Ratio	28.40%	28.90%
Combined Ratio	89.30%	92.30%
Net Retention Ratio	64.90%	64.50%

Updated Feb 23, 2026. Data Source: Fiscal.ai.