Reported a net loss of $14.3 million for the three months ended March 31, 2026, compared to net income of $21.9 million in the same period of 2025. Total revenue increased to $314.7 million from $301.4 million in Q1 2025. Losses and loss adjustment expenses surged to $247.5 million, up 30.1% from $190.3 million in the prior year period. The GAAP combined ratio deteriorated to 113.4% from 99.4% in Q1 2025. Direct written premiums grew slightly by 0.3% to $299.8 million. Basic and diluted loss per share was $0.99, compared to earnings of $1.48 per share in Q1 2025.