Net income for the year ended December 31, 2025, was $183.0 million, a substantial increase from $58.9 million in 2024. Diluted earnings per share rose to $6.32 in 2025, up from $2.01 in 2024. Direct premiums written increased by 3.4% to $2.14 billion in 2025, primarily due to a 24.3% growth in premiums outside Florida. The net combined ratio improved significantly to 94.1% in 2025, down from 104.1% in 2024, indicating underwriting profitability. The net loss ratio improved to 68.5% in 2025 from 79.2% in 2024, largely due to the absence of significant hurricane activity. Book value per common share increased to $19.67 at December 31, 2025, from $13.28 at December 31, 2024. Return on Average Common Equity (ROCE) was 39.6% in 2025, up from 16.5% in 2024. The company repurchased 843,651 shares of common stock for $22.4 million in 2025.