Gross written premiums increased 24.3% to $2,166.2 million in 2025, compared to $1,743.2 million in 2024. Net income rose to $170.0 million in 2025 from $118.8 million in 2024. The combined ratio improved to 89.3% in 2025 from 92.3% in 2024, indicating an underwriting profit. The company acquired Apollo Group Holdings Limited for $555.0 million, comprising $371.0 million in cash and 3,679,332 shares of common stock, with the acquisition closing on January 1, 2026. A material weakness in internal control over financial reporting (ITGCs) identified as of December 31, 2024, was remediated as of December 31, 2025. A new underwriting division, Agriculture and Credit (Re)insurance, was introduced and saw 193.2% growth in gross written premiums. Return on equity increased to 18.9% in 2025 from 16.3% in 2024, and return on tangible equity increased to 20.9% from 18.6%.