Quarterly report [Sections 13 or 15(d)]

Subsequent Events

v3.25.1
Subsequent Events
 3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
The Company has evaluated subsequent events through May 2, 2025, and has concluded that no events have occurred that
require disclosure other than the events listed below.
On May 1, 2025, the Company’s Board of Directors approved a quarterly cash dividend of $0.12 per share of outstanding
Class A common stock. The quarterly dividend will be payable on May 27, 2025, to shareholders of record of Class A
common stock as of the close of business on May 13, 2025. Any future dividends will be subject to the approval of the
Company’s Board of Directors.
On May 1, 2025, the Company completed the acquisition of certain assets of USQRisk Holdings, LLC, a company based in
New York and London that underwrites, structures, prices, and places specialty insurance for corporate clients seeking
bespoke, multi-year risk solutions, for approximately $30.5 million of cash consideration, subject to customary purchase
price adjustments. This acquisition will include contingent consideration in its final purchase price, however, the Company
has not yet completed the valuation of the contingent consideration or the purchase price allocation to the acquired assets
and assumed liabilities as of the date of this filing.
On May 1, 2025, the Company acquired a 9.9% interest in Velocity Specialty Insurance Company for approximately $16.6
million of cash consideration.