ASIC — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-13

• Net realized and unrealized gains (losses) on investments include realized gains and losses which are a function of the difference between the amount received by us on the sale of a security and the security’s cost or

• Net realized and unrealized gains (losses) on investments18,591 1,409 17,182 NM

• Less: Net income (loss) attributable to non-controlling interest - General Partner3,721 (5)3,726 NM

• (3) Ratios are calculated using unrounded figures. The sum of components may differ slightly from totals shown due to rounding.

• The following table presents gross written premiums by product for the three months ended June 30, 2026 and 2025:

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• changes in fair market value, such as from changes in interest rates) and investment management and other related expenses. The size of our investment portfolio is mainly a function of our invested equity capital along with premiums we receive from our insureds less payments on policyholder claims.

• Underwriting, acquisition and insurance expenses32,27924,8857,39429.7 %

• Less: Net (loss) income attributable to non-controlling interest - General Partner1,710(11)1,721(15645.5)%

• The following table presents gross written premiums by product for the three months ended March 31, 2026 and 2025:

• Net investment income was $12.0 million for the three months ended March 31, 2026, compared to $7.9 million for the three months ended March 31, 2025, an increase of $4.1 million, or 52.5%. This increase was driven by additional investments in fixed-maturity securities and short-term investments, as…

Text added vs the prior filing · source: 10-Q · 2026-08-13

• rates, equity prices, foreign currency exchange rates, and commodity prices. The primary components of market risk affecting us are credit risk, interest rate risk, and equity price risk.

• Credit risk is the potential loss resulting from adverse changes in an issuer’s ability to repay its debt obligations. We have exposure to credit risk as a holder of fixed-maturity investments. Our risk management strategy and investment policy is to primarily invest in debt instruments of high cred…

• We are exposed to credit losses from reinsurers being unable to meet their obligations. We evaluate the financial condition of potential reinsurers and reinsure our business with highly rated reinsurers with a rating of “A-” (Excellent) or better from A.M. Best. Reinsurers who do not meet the Compan…

• The market risk inherent in our financial instruments and in our financial position represents the potential loss arising from adverse changes in interest rates or exchange rates. As of June 30, 2026 and December 31, 2025, we had cash, cash equivalents and short-term investments of $262.2 million an…

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• Credit risk is the potential loss resulting from adverse changes in an issuer’s ability to repay its debt obligations. We have exposure to credit risk as a holder of fixed-maturity investments. Our risk management strategy and investment policy is to primarily invest in debt instruments of high cred…

• We are exposed to credit losses from reinsurers being unable to meet their obligations. We evaluate the financial condition of potential reinsurers and reinsure our business with highly rated reinsurers with a rating of “A-” (Excellent) or better from A.M. Best. Reinsurers who do not meet the Compan…

• The market risk inherent in our financial instruments and in our financial position represents the potential loss arising from adverse changes in interest rates or exchange rates. As of March 31, 2026 and December 31, 2025, we had cash, cash equivalents and short-term investments of $267.3 million a…

• and the low-risk profile of our investments, an immediate 100 basis point change in interest rates would not have a material effect on the fair market value of our cash and investments.