ADDED
As of February 23, 2026, there were 19,481,997 shares of the registrant's common stock outstanding.
In February 2026, we launched a new excess workers' compensation product that will be offered to self-insured enterprises in several jurisdictions across the United States (U.S.).
We had 623 full-time employees at December 31, 2025 and our corporate headquarters are located at 5340 Kietzke Lane, Suite 202, Reno, Nevada, 89511.
with the exception of North Dakota, Ohio, Washington and Wyoming, which are served exclusively by their state funds.
We believe our technology saves our insurance agents and brokers, and our policyholders, considerable time and maintains our competitiveness in our target markets.
We continue to execute ongoing business initiatives focused on achieving process excellence and efficiency, as well as, delivering self-service options to policyholders, agents, and injured workers.
Additionally, we are actively pursuing strategies to diversify our geographic and economic sector risk exposures, expand our risk appetite, and broaden our product offerings, including our recently announced new excess workers' compensation product, with underwriting expected to commence in 2026.
In recent years, we expanded our underwriting approach to include additional industries such as landscaping, janitorial, property management, and artisan contracting.
In 2025, we further broadened our footprint by opening certain appetites, including the home healthcare industry, to all of our agents.
These classes have continued to provide meaningful and complementary growth for the Company as we have been able to identify and partner with those small to mid-sized businesses in these classes that align with our desirable low-to-medium risk profile.
REMOVED
As of February 24, 2025, there were 24,357,217 shares of the registrant's common stock outstanding.
We had 715 full-time employees at December 31, 2024 and our corporate headquarters are located at 5340 Kietzke Lane, Suite 202, Reno, Nevada.
We operate throughout the United States (U.S.) with the exception of North Dakota, Ohio, Washington and Wyoming, which are served exclusively by their state funds.
We also continue to execute a number of ongoing business initiatives, including: achieving internal and customer-facing business process excellence and efficiency; delivering self-service options to policyholders, agents, and injured workers; further diversifying our risk exposure across geographic markets and economic sectors; and expanding our appetite.
Beginning in 2021, we extended our reach by applying our established underwriting approach to new industries, including landscaping, janitorial, property management, and artisan contracting.
This expansion has provided meaningful and complementary growth for the Company as we ve been able to identify and partner with those small to mid-sized businesses in these classes that fit a desirable low-to-medium risk profile.
During the years ended December 31, 2024, 2023, and 2022, our net investment income totaled $ 107.0 million, $ 106.5 million and $ 89.8 million, respectively.
During the three-year period ended December 31, 2024, we declared $150.7 million of dividends on our common stock and eligible plan awards, and we repurchased $149.2 million of our common stock.
Recent Events and Trends Premium Production and Policies In-Force Our premium growth in 2024 was primarily the result of higher new and renewal business premiums.
Our new business premiums written in 2024 were $227.5 million versus $201.9 million in 2023 and $167.7 million in 2022, and our renewal premiums in 2024 were $559.6 million versus $526.7 million in 2023 and $483.2 million in 2022.