Quarterly report [Sections 13 or 15(d)]

Income Taxes - Narrative (Details)

v3.26.1
Income Taxes - Narrative (Details) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Valuation Allowance [Line Items]      
Effective tax rate 13.80% 108.60%  
Statutory rate 21.00% 21.00%  
Unrecognized tax benefits $ 0    
Deferred tax assets 305,565,000   $ 310,138,000
Valuation allowance recognized against basis difference 0    
Non-cash deferred income tax expense $ 0 $ 48,115,000  
Percentage of net cash savings 85.00%    
Tax receivable agreement liability $ 460,800,000    
Increase in tax receivable liabilities recognized in additional paid-in capital $ 1,800,000 11,100,000  
Non- controlling Interests      
Valuation Allowance [Line Items]      
Increase to non-controlling interest from difference between the carrying value and the fair value of investment transferred under common control   29,800,000  
Velocity Risk Underwriters, LLC      
Valuation Allowance [Line Items]      
Reduction of deferred tax assets   145,200,000  
Non-cash deferred income tax expense   $ 48,100,000