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On March 8, 2017, the Company completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of the Company, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. The Company incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. | text | 4.4 | percentItemType | text: <entity> 4.4 </entity> <entity type> percentItemType </entity type> <context> On March 8, 2017, the Company completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of the Company, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. The Company incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On March 8, 2017, the Company completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of the Company, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. The Company incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. | text | 3.4 | monetaryItemType | text: <entity> 3.4 </entity> <entity type> monetaryItemType </entity type> <context> On March 8, 2017, the Company completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of the Company, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. The Company incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. </context> | us-gaap:DeferredFinanceCostsNet |
On March 8, 2017, the Company completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of the Company, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. The Company incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. | text | 4.45 | percentItemType | text: <entity> 4.45 </entity> <entity type> percentItemType </entity type> <context> On March 8, 2017, the Company completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of the Company, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. The Company incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving | text | 75 | monetaryItemType | text: <entity> 75 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving | text | 200 | monetaryItemType | text: <entity> 200 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving | text | 250 | monetaryItemType | text: <entity> 250 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving | text | 112.5 | percentItemType | text: <entity> 112.5 </entity> <entity type> percentItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving | text | 150.0 | percentItemType | text: <entity> 150.0 </entity> <entity type> percentItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving | text | 12.5 | percentItemType | text: <entity> 12.5 </entity> <entity type> percentItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving </context> | us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving | text | 22.5 | percentItemType | text: <entity> 22.5 </entity> <entity type> percentItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving </context> | us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving | text | 15.0 | percentItemType | text: <entity> 15.0 </entity> <entity type> percentItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving </context> | us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving | text | 200 | monetaryItemType | text: <entity> 200 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving </context> | us-gaap:ProceedsFromLinesOfCredit |
basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The Company contributed $ 150 million of the total amount drawn to the surplus of its consolidated insurance subsidiaries, and used the remainder for general corporate purposes. | text | 5.79 | percentItemType | text: <entity> 5.79 </entity> <entity type> percentItemType </entity type> <context> basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The Company contributed $ 150 million of the total amount drawn to the surplus of its consolidated insurance subsidiaries, and used the remainder for general corporate purposes. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The Company contributed $ 150 million of the total amount drawn to the surplus of its consolidated insurance subsidiaries, and used the remainder for general corporate purposes. | text | 50 | monetaryItemType | text: <entity> 50 </entity> <entity type> monetaryItemType </entity type> <context> basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The Company contributed $ 150 million of the total amount drawn to the surplus of its consolidated insurance subsidiaries, and used the remainder for general corporate purposes. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
Other intangible assets with definite useful lives are amortized on a straight-line basis over their useful lives. Other intangible assets amortization expense was $ 0.9 million, $ 0.9 million, and $ 1.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. None of the intangible assets with definite useful lives are anticipated to have a residual value. | text | 0.9 | monetaryItemType | text: <entity> 0.9 </entity> <entity type> monetaryItemType </entity type> <context> Other intangible assets with definite useful lives are amortized on a straight-line basis over their useful lives. Other intangible assets amortization expense was $ 0.9 million, $ 0.9 million, and $ 1.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. None of the intangible assets with definite useful lives are anticipated to have a residual value. </context> | us-gaap:AmortizationOfIntangibleAssets |
Other intangible assets with definite useful lives are amortized on a straight-line basis over their useful lives. Other intangible assets amortization expense was $ 0.9 million, $ 0.9 million, and $ 1.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. None of the intangible assets with definite useful lives are anticipated to have a residual value. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> Other intangible assets with definite useful lives are amortized on a straight-line basis over their useful lives. Other intangible assets amortization expense was $ 0.9 million, $ 0.9 million, and $ 1.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. None of the intangible assets with definite useful lives are anticipated to have a residual value. </context> | us-gaap:AmortizationOfIntangibleAssets |
The Company had federal net operating loss carryforwards of approximately $ 1.6 million and $ 19.7 million at December 31, 2024 and 2023, respectively. $ 1.6 million of the total federal net operating loss carryforward will begin to expire in 2029. | text | 1.6 | monetaryItemType | text: <entity> 1.6 </entity> <entity type> monetaryItemType </entity type> <context> The Company had federal net operating loss carryforwards of approximately $ 1.6 million and $ 19.7 million at December 31, 2024 and 2023, respectively. $ 1.6 million of the total federal net operating loss carryforward will begin to expire in 2029. </context> | us-gaap:OperatingLossCarryforwards |
The Company had federal net operating loss carryforwards of approximately $ 1.6 million and $ 19.7 million at December 31, 2024 and 2023, respectively. $ 1.6 million of the total federal net operating loss carryforward will begin to expire in 2029. | text | 19.7 | monetaryItemType | text: <entity> 19.7 </entity> <entity type> monetaryItemType </entity type> <context> The Company had federal net operating loss carryforwards of approximately $ 1.6 million and $ 19.7 million at December 31, 2024 and 2023, respectively. $ 1.6 million of the total federal net operating loss carryforward will begin to expire in 2029. </context> | us-gaap:OperatingLossCarryforwards |
The total amount of unrecognized tax benefits related to tax uncertainties decreased by approximately $ 2.3 million during the 12 months ended December 31, 2024, primarily resulting from the payment of the assessed amount related to a California Franchise Tax Board audit for tax year 2011, which has now been resolved with no outstanding issues. | text | 2.3 | monetaryItemType | text: <entity> 2.3 </entity> <entity type> monetaryItemType </entity type> <context> The total amount of unrecognized tax benefits related to tax uncertainties decreased by approximately $ 2.3 million during the 12 months ended December 31, 2024, primarily resulting from the payment of the assessed amount related to a California Franchise Tax Board audit for tax year 2011, which has now been resolved with no outstanding issues. </context> | us-gaap:UnrecognizedTaxBenefitsPeriodIncreaseDecrease |
The Company recognizes interest and penalties related to unrecognized tax benefits as a part of income taxes. The Company recognized an accrued net (benefit) expense related to interest and penalties of approximately $( 2.1 ) million, $( 1.2 ) million, and $ 0.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. The Company carried an accrued interest and penalty balance of approximately $ 0.4 million and $ 2.5 million at December 31, 2024 and 2023, respectively. | text | 0.4 | monetaryItemType | text: <entity> 0.4 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognizes interest and penalties related to unrecognized tax benefits as a part of income taxes. The Company recognized an accrued net (benefit) expense related to interest and penalties of approximately $( 2.1 ) million, $( 1.2 ) million, and $ 0.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. The Company carried an accrued interest and penalty balance of approximately $ 0.4 million and $ 2.5 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:IncomeTaxExaminationPenaltiesAndInterestExpense |
The Company recognizes interest and penalties related to unrecognized tax benefits as a part of income taxes. The Company recognized an accrued net (benefit) expense related to interest and penalties of approximately $( 2.1 ) million, $( 1.2 ) million, and $ 0.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. The Company carried an accrued interest and penalty balance of approximately $ 0.4 million and $ 2.5 million at December 31, 2024 and 2023, respectively. | text | 0.4 | monetaryItemType | text: <entity> 0.4 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognizes interest and penalties related to unrecognized tax benefits as a part of income taxes. The Company recognized an accrued net (benefit) expense related to interest and penalties of approximately $( 2.1 ) million, $( 1.2 ) million, and $ 0.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. The Company carried an accrued interest and penalty balance of approximately $ 0.4 million and $ 2.5 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:IncomeTaxExaminationPenaltiesAndInterestAccrued |
The Company recognizes interest and penalties related to unrecognized tax benefits as a part of income taxes. The Company recognized an accrued net (benefit) expense related to interest and penalties of approximately $( 2.1 ) million, $( 1.2 ) million, and $ 0.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. The Company carried an accrued interest and penalty balance of approximately $ 0.4 million and $ 2.5 million at December 31, 2024 and 2023, respectively. | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognizes interest and penalties related to unrecognized tax benefits as a part of income taxes. The Company recognized an accrued net (benefit) expense related to interest and penalties of approximately $( 2.1 ) million, $( 1.2 ) million, and $ 0.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. The Company carried an accrued interest and penalty balance of approximately $ 0.4 million and $ 2.5 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:IncomeTaxExaminationPenaltiesAndInterestAccrued |
The increase in the provision for insured events of prior years in 2024 of approximately $ 24.8 million primarily resulted from adverse development of approximately $ 13 million in private passenger and commercial automobile insurance (see the corresponding development table below), favorable development of approximately $ 5 million in homeowners insurance (see the corresponding development table below), and adverse development of approximately $ 15 million in commercial property insurance (see the corresponding development table below). The remaining net adverse development of approximately $ 2 million relates to other smaller lines of insurance business as well as unallocated loss adjustment expenses. | text | 24.8 | monetaryItemType | text: <entity> 24.8 </entity> <entity type> monetaryItemType </entity type> <context> The increase in the provision for insured events of prior years in 2024 of approximately $ 24.8 million primarily resulted from adverse development of approximately $ 13 million in private passenger and commercial automobile insurance (see the corresponding development table below), favorable development of approximately $ 5 million in homeowners insurance (see the corresponding development table below), and adverse development of approximately $ 15 million in commercial property insurance (see the corresponding development table below). The remaining net adverse development of approximately $ 2 million relates to other smaller lines of insurance business as well as unallocated loss adjustment expenses. </context> | us-gaap:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense |
The increase in the provision for insured events of prior years in 2024 of approximately $ 24.8 million primarily resulted from adverse development of approximately $ 13 million in private passenger and commercial automobile insurance (see the corresponding development table below), favorable development of approximately $ 5 million in homeowners insurance (see the corresponding development table below), and adverse development of approximately $ 15 million in commercial property insurance (see the corresponding development table below). The remaining net adverse development of approximately $ 2 million relates to other smaller lines of insurance business as well as unallocated loss adjustment expenses. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> The increase in the provision for insured events of prior years in 2024 of approximately $ 24.8 million primarily resulted from adverse development of approximately $ 13 million in private passenger and commercial automobile insurance (see the corresponding development table below), favorable development of approximately $ 5 million in homeowners insurance (see the corresponding development table below), and adverse development of approximately $ 15 million in commercial property insurance (see the corresponding development table below). The remaining net adverse development of approximately $ 2 million relates to other smaller lines of insurance business as well as unallocated loss adjustment expenses. </context> | us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments |
The increase in the provision for insured events of prior years in 2024 of approximately $ 24.8 million primarily resulted from adverse development of approximately $ 13 million in private passenger and commercial automobile insurance (see the corresponding development table below), favorable development of approximately $ 5 million in homeowners insurance (see the corresponding development table below), and adverse development of approximately $ 15 million in commercial property insurance (see the corresponding development table below). The remaining net adverse development of approximately $ 2 million relates to other smaller lines of insurance business as well as unallocated loss adjustment expenses. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> The increase in the provision for insured events of prior years in 2024 of approximately $ 24.8 million primarily resulted from adverse development of approximately $ 13 million in private passenger and commercial automobile insurance (see the corresponding development table below), favorable development of approximately $ 5 million in homeowners insurance (see the corresponding development table below), and adverse development of approximately $ 15 million in commercial property insurance (see the corresponding development table below). The remaining net adverse development of approximately $ 2 million relates to other smaller lines of insurance business as well as unallocated loss adjustment expenses. </context> | us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments |
The increase in the provision for insured events of prior years in 2024 of approximately $ 24.8 million primarily resulted from adverse development of approximately $ 13 million in private passenger and commercial automobile insurance (see the corresponding development table below), favorable development of approximately $ 5 million in homeowners insurance (see the corresponding development table below), and adverse development of approximately $ 15 million in commercial property insurance (see the corresponding development table below). The remaining net adverse development of approximately $ 2 million relates to other smaller lines of insurance business as well as unallocated loss adjustment expenses. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> The increase in the provision for insured events of prior years in 2024 of approximately $ 24.8 million primarily resulted from adverse development of approximately $ 13 million in private passenger and commercial automobile insurance (see the corresponding development table below), favorable development of approximately $ 5 million in homeowners insurance (see the corresponding development table below), and adverse development of approximately $ 15 million in commercial property insurance (see the corresponding development table below). The remaining net adverse development of approximately $ 2 million relates to other smaller lines of insurance business as well as unallocated loss adjustment expenses. </context> | us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments |
The increase in the provision for insured events of prior years in 2024 of approximately $ 24.8 million primarily resulted from adverse development of approximately $ 13 million in private passenger and commercial automobile insurance (see the corresponding development table below), favorable development of approximately $ 5 million in homeowners insurance (see the corresponding development table below), and adverse development of approximately $ 15 million in commercial property insurance (see the corresponding development table below). The remaining net adverse development of approximately $ 2 million relates to other smaller lines of insurance business as well as unallocated loss adjustment expenses. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> The increase in the provision for insured events of prior years in 2024 of approximately $ 24.8 million primarily resulted from adverse development of approximately $ 13 million in private passenger and commercial automobile insurance (see the corresponding development table below), favorable development of approximately $ 5 million in homeowners insurance (see the corresponding development table below), and adverse development of approximately $ 15 million in commercial property insurance (see the corresponding development table below). The remaining net adverse development of approximately $ 2 million relates to other smaller lines of insurance business as well as unallocated loss adjustment expenses. </context> | us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments |
The decrease in the provision for insured events of prior years in 2023 of approximately $ 35.9 million primarily resulted from lower than estimated losses and loss adjustment expenses in the private passenger automobile and homeowners lines of insurance business, partially offset by unfavorable reserve development in the commercial property line of insurance business. | text | 35.9 | monetaryItemType | text: <entity> 35.9 </entity> <entity type> monetaryItemType </entity type> <context> The decrease in the provision for insured events of prior years in 2023 of approximately $ 35.9 million primarily resulted from lower than estimated losses and loss adjustment expenses in the private passenger automobile and homeowners lines of insurance business, partially offset by unfavorable reserve development in the commercial property line of insurance business. </context> | us-gaap:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense |
The increase in the provision for insured events of prior years in 2022 of approximately $ 47.3 million primarily resulted from higher than estimated losses and loss adjustment expenses in the automobile line of insurance business. The inflationary pressures and the supply chain and labor shortage issues discussed above were major contributors to the adverse reserve development in the automobile line of insurance business for 2022. | text | 47.3 | monetaryItemType | text: <entity> 47.3 </entity> <entity type> monetaryItemType </entity type> <context> The increase in the provision for insured events of prior years in 2022 of approximately $ 47.3 million primarily resulted from higher than estimated losses and loss adjustment expenses in the automobile line of insurance business. The inflationary pressures and the supply chain and labor shortage issues discussed above were major contributors to the adverse reserve development in the automobile line of insurance business for 2022. </context> | us-gaap:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense |
The Company recorded catastrophe losses net of reinsurance of approximately $ 277 million, $ 239 million, and $ 102 million in 2024, 2023, and 2022, respectively. Catastrophe losses due to the events that occurred in 2024 totaled approximately $ 268 million, w | text | 277 | monetaryItemType | text: <entity> 277 </entity> <entity type> monetaryItemType </entity type> <context> The Company recorded catastrophe losses net of reinsurance of approximately $ 277 million, $ 239 million, and $ 102 million in 2024, 2023, and 2022, respectively. Catastrophe losses due to the events that occurred in 2024 totaled approximately $ 268 million, w </context> | us-gaap:LiabilityForCatastropheClaimsCarryingAmount |
The Company recorded catastrophe losses net of reinsurance of approximately $ 277 million, $ 239 million, and $ 102 million in 2024, 2023, and 2022, respectively. Catastrophe losses due to the events that occurred in 2024 totaled approximately $ 268 million, w | text | 239 | monetaryItemType | text: <entity> 239 </entity> <entity type> monetaryItemType </entity type> <context> The Company recorded catastrophe losses net of reinsurance of approximately $ 277 million, $ 239 million, and $ 102 million in 2024, 2023, and 2022, respectively. Catastrophe losses due to the events that occurred in 2024 totaled approximately $ 268 million, w </context> | us-gaap:LiabilityForCatastropheClaimsCarryingAmount |
The Company recorded catastrophe losses net of reinsurance of approximately $ 277 million, $ 239 million, and $ 102 million in 2024, 2023, and 2022, respectively. Catastrophe losses due to the events that occurred in 2024 totaled approximately $ 268 million, w | text | 102 | monetaryItemType | text: <entity> 102 </entity> <entity type> monetaryItemType </entity type> <context> The Company recorded catastrophe losses net of reinsurance of approximately $ 277 million, $ 239 million, and $ 102 million in 2024, 2023, and 2022, respectively. Catastrophe losses due to the events that occurred in 2024 totaled approximately $ 268 million, w </context> | us-gaap:LiabilityForCatastropheClaimsCarryingAmount |
The Company recorded catastrophe losses net of reinsurance of approximately $ 277 million, $ 239 million, and $ 102 million in 2024, 2023, and 2022, respectively. Catastrophe losses due to the events that occurred in 2024 totaled approximately $ 268 million, w | text | 268 | monetaryItemType | text: <entity> 268 </entity> <entity type> monetaryItemType </entity type> <context> The Company recorded catastrophe losses net of reinsurance of approximately $ 277 million, $ 239 million, and $ 102 million in 2024, 2023, and 2022, respectively. Catastrophe losses due to the events that occurred in 2024 totaled approximately $ 268 million, w </context> | us-gaap:LiabilityForCatastropheClaimsCarryingAmount |
primarily from tornadoes, hailstorms and convective storms in Texas and Oklahoma, winter storms, rainstorms and wildfires in California, and the impact of Hurricane Helene in Florida and Georgia. In addition, the Company experienced unfavorable development of approximately $ 9 million on prior years' catastrophe losses in 2024. Catastrophe losses due to the events that occurred in 2023 totaled approximately $ 247 million, with no reinsurance benefits used for these losses, resulting primarily from rainstorms and hail in Texas and Oklahoma, winter storms and rainstorms in California, and the impact of Tropical Storm Hilary in California. In addition, the Company experienced favorable development of approximately $ 8 million on prior years' catastrophe losses in 2023. Catastrophe losses due to the events that occurred in 2022 totaled approximately $ 101 million, with no reinsurance benefits used for these losses, resulting primarily from the deep freeze of Winter Storm Elliott and other extreme weather events in Texas, Oklahoma and Georgia, winter storms in California, and the impact of Hurricane Ian in Florida. In addition, the Company experienced unfavorable development of approximately $ 1 million on prior years' catastrophe losses in 2022. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> primarily from tornadoes, hailstorms and convective storms in Texas and Oklahoma, winter storms, rainstorms and wildfires in California, and the impact of Hurricane Helene in Florida and Georgia. In addition, the Company experienced unfavorable development of approximately $ 9 million on prior years' catastrophe losses in 2024. Catastrophe losses due to the events that occurred in 2023 totaled approximately $ 247 million, with no reinsurance benefits used for these losses, resulting primarily from rainstorms and hail in Texas and Oklahoma, winter storms and rainstorms in California, and the impact of Tropical Storm Hilary in California. In addition, the Company experienced favorable development of approximately $ 8 million on prior years' catastrophe losses in 2023. Catastrophe losses due to the events that occurred in 2022 totaled approximately $ 101 million, with no reinsurance benefits used for these losses, resulting primarily from the deep freeze of Winter Storm Elliott and other extreme weather events in Texas, Oklahoma and Georgia, winter storms in California, and the impact of Hurricane Ian in Florida. In addition, the Company experienced unfavorable development of approximately $ 1 million on prior years' catastrophe losses in 2022. </context> | us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments |
primarily from tornadoes, hailstorms and convective storms in Texas and Oklahoma, winter storms, rainstorms and wildfires in California, and the impact of Hurricane Helene in Florida and Georgia. In addition, the Company experienced unfavorable development of approximately $ 9 million on prior years' catastrophe losses in 2024. Catastrophe losses due to the events that occurred in 2023 totaled approximately $ 247 million, with no reinsurance benefits used for these losses, resulting primarily from rainstorms and hail in Texas and Oklahoma, winter storms and rainstorms in California, and the impact of Tropical Storm Hilary in California. In addition, the Company experienced favorable development of approximately $ 8 million on prior years' catastrophe losses in 2023. Catastrophe losses due to the events that occurred in 2022 totaled approximately $ 101 million, with no reinsurance benefits used for these losses, resulting primarily from the deep freeze of Winter Storm Elliott and other extreme weather events in Texas, Oklahoma and Georgia, winter storms in California, and the impact of Hurricane Ian in Florida. In addition, the Company experienced unfavorable development of approximately $ 1 million on prior years' catastrophe losses in 2022. | text | 247 | monetaryItemType | text: <entity> 247 </entity> <entity type> monetaryItemType </entity type> <context> primarily from tornadoes, hailstorms and convective storms in Texas and Oklahoma, winter storms, rainstorms and wildfires in California, and the impact of Hurricane Helene in Florida and Georgia. In addition, the Company experienced unfavorable development of approximately $ 9 million on prior years' catastrophe losses in 2024. Catastrophe losses due to the events that occurred in 2023 totaled approximately $ 247 million, with no reinsurance benefits used for these losses, resulting primarily from rainstorms and hail in Texas and Oklahoma, winter storms and rainstorms in California, and the impact of Tropical Storm Hilary in California. In addition, the Company experienced favorable development of approximately $ 8 million on prior years' catastrophe losses in 2023. Catastrophe losses due to the events that occurred in 2022 totaled approximately $ 101 million, with no reinsurance benefits used for these losses, resulting primarily from the deep freeze of Winter Storm Elliott and other extreme weather events in Texas, Oklahoma and Georgia, winter storms in California, and the impact of Hurricane Ian in Florida. In addition, the Company experienced unfavorable development of approximately $ 1 million on prior years' catastrophe losses in 2022. </context> | us-gaap:LiabilityForCatastropheClaimsCarryingAmount |
primarily from tornadoes, hailstorms and convective storms in Texas and Oklahoma, winter storms, rainstorms and wildfires in California, and the impact of Hurricane Helene in Florida and Georgia. In addition, the Company experienced unfavorable development of approximately $ 9 million on prior years' catastrophe losses in 2024. Catastrophe losses due to the events that occurred in 2023 totaled approximately $ 247 million, with no reinsurance benefits used for these losses, resulting primarily from rainstorms and hail in Texas and Oklahoma, winter storms and rainstorms in California, and the impact of Tropical Storm Hilary in California. In addition, the Company experienced favorable development of approximately $ 8 million on prior years' catastrophe losses in 2023. Catastrophe losses due to the events that occurred in 2022 totaled approximately $ 101 million, with no reinsurance benefits used for these losses, resulting primarily from the deep freeze of Winter Storm Elliott and other extreme weather events in Texas, Oklahoma and Georgia, winter storms in California, and the impact of Hurricane Ian in Florida. In addition, the Company experienced unfavorable development of approximately $ 1 million on prior years' catastrophe losses in 2022. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> primarily from tornadoes, hailstorms and convective storms in Texas and Oklahoma, winter storms, rainstorms and wildfires in California, and the impact of Hurricane Helene in Florida and Georgia. In addition, the Company experienced unfavorable development of approximately $ 9 million on prior years' catastrophe losses in 2024. Catastrophe losses due to the events that occurred in 2023 totaled approximately $ 247 million, with no reinsurance benefits used for these losses, resulting primarily from rainstorms and hail in Texas and Oklahoma, winter storms and rainstorms in California, and the impact of Tropical Storm Hilary in California. In addition, the Company experienced favorable development of approximately $ 8 million on prior years' catastrophe losses in 2023. Catastrophe losses due to the events that occurred in 2022 totaled approximately $ 101 million, with no reinsurance benefits used for these losses, resulting primarily from the deep freeze of Winter Storm Elliott and other extreme weather events in Texas, Oklahoma and Georgia, winter storms in California, and the impact of Hurricane Ian in Florida. In addition, the Company experienced unfavorable development of approximately $ 1 million on prior years' catastrophe losses in 2022. </context> | us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments |
primarily from tornadoes, hailstorms and convective storms in Texas and Oklahoma, winter storms, rainstorms and wildfires in California, and the impact of Hurricane Helene in Florida and Georgia. In addition, the Company experienced unfavorable development of approximately $ 9 million on prior years' catastrophe losses in 2024. Catastrophe losses due to the events that occurred in 2023 totaled approximately $ 247 million, with no reinsurance benefits used for these losses, resulting primarily from rainstorms and hail in Texas and Oklahoma, winter storms and rainstorms in California, and the impact of Tropical Storm Hilary in California. In addition, the Company experienced favorable development of approximately $ 8 million on prior years' catastrophe losses in 2023. Catastrophe losses due to the events that occurred in 2022 totaled approximately $ 101 million, with no reinsurance benefits used for these losses, resulting primarily from the deep freeze of Winter Storm Elliott and other extreme weather events in Texas, Oklahoma and Georgia, winter storms in California, and the impact of Hurricane Ian in Florida. In addition, the Company experienced unfavorable development of approximately $ 1 million on prior years' catastrophe losses in 2022. | text | 101 | monetaryItemType | text: <entity> 101 </entity> <entity type> monetaryItemType </entity type> <context> primarily from tornadoes, hailstorms and convective storms in Texas and Oklahoma, winter storms, rainstorms and wildfires in California, and the impact of Hurricane Helene in Florida and Georgia. In addition, the Company experienced unfavorable development of approximately $ 9 million on prior years' catastrophe losses in 2024. Catastrophe losses due to the events that occurred in 2023 totaled approximately $ 247 million, with no reinsurance benefits used for these losses, resulting primarily from rainstorms and hail in Texas and Oklahoma, winter storms and rainstorms in California, and the impact of Tropical Storm Hilary in California. In addition, the Company experienced favorable development of approximately $ 8 million on prior years' catastrophe losses in 2023. Catastrophe losses due to the events that occurred in 2022 totaled approximately $ 101 million, with no reinsurance benefits used for these losses, resulting primarily from the deep freeze of Winter Storm Elliott and other extreme weather events in Texas, Oklahoma and Georgia, winter storms in California, and the impact of Hurricane Ian in Florida. In addition, the Company experienced unfavorable development of approximately $ 1 million on prior years' catastrophe losses in 2022. </context> | us-gaap:LiabilityForCatastropheClaimsCarryingAmount |
primarily from tornadoes, hailstorms and convective storms in Texas and Oklahoma, winter storms, rainstorms and wildfires in California, and the impact of Hurricane Helene in Florida and Georgia. In addition, the Company experienced unfavorable development of approximately $ 9 million on prior years' catastrophe losses in 2024. Catastrophe losses due to the events that occurred in 2023 totaled approximately $ 247 million, with no reinsurance benefits used for these losses, resulting primarily from rainstorms and hail in Texas and Oklahoma, winter storms and rainstorms in California, and the impact of Tropical Storm Hilary in California. In addition, the Company experienced favorable development of approximately $ 8 million on prior years' catastrophe losses in 2023. Catastrophe losses due to the events that occurred in 2022 totaled approximately $ 101 million, with no reinsurance benefits used for these losses, resulting primarily from the deep freeze of Winter Storm Elliott and other extreme weather events in Texas, Oklahoma and Georgia, winter storms in California, and the impact of Hurricane Ian in Florida. In addition, the Company experienced unfavorable development of approximately $ 1 million on prior years' catastrophe losses in 2022. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> primarily from tornadoes, hailstorms and convective storms in Texas and Oklahoma, winter storms, rainstorms and wildfires in California, and the impact of Hurricane Helene in Florida and Georgia. In addition, the Company experienced unfavorable development of approximately $ 9 million on prior years' catastrophe losses in 2024. Catastrophe losses due to the events that occurred in 2023 totaled approximately $ 247 million, with no reinsurance benefits used for these losses, resulting primarily from rainstorms and hail in Texas and Oklahoma, winter storms and rainstorms in California, and the impact of Tropical Storm Hilary in California. In addition, the Company experienced favorable development of approximately $ 8 million on prior years' catastrophe losses in 2023. Catastrophe losses due to the events that occurred in 2022 totaled approximately $ 101 million, with no reinsurance benefits used for these losses, resulting primarily from the deep freeze of Winter Storm Elliott and other extreme weather events in Texas, Oklahoma and Georgia, winter storms in California, and the impact of Hurricane Ian in Florida. In addition, the Company experienced unfavorable development of approximately $ 1 million on prior years' catastrophe losses in 2022. </context> | us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments |
The Insurance Companies are subject to the financial capacity guidelines established by their domiciliary states. The payment of dividends from statutory unassigned surplus of the Insurance Companies is restricted, subject to certain statutory limitations. As of December 31, 2024, the insurance subsidiaries of the Company are permitted to pay approximately $ 252 million in dividends in 2025 to Mercury General without the prior approval of the DOI of domiciliary states. The above statutory regulations may have the effect of indirectly limiting the ability of the Company to pay shareholder dividends. During 2024, 2023, and 2022, the Insurance Companies paid Mercury General ordinary dividends of $ 100 million, $ 0 , and $ 0 , respectively. | text | 252 | monetaryItemType | text: <entity> 252 </entity> <entity type> monetaryItemType </entity type> <context> The Insurance Companies are subject to the financial capacity guidelines established by their domiciliary states. The payment of dividends from statutory unassigned surplus of the Insurance Companies is restricted, subject to certain statutory limitations. As of December 31, 2024, the insurance subsidiaries of the Company are permitted to pay approximately $ 252 million in dividends in 2025 to Mercury General without the prior approval of the DOI of domiciliary states. The above statutory regulations may have the effect of indirectly limiting the ability of the Company to pay shareholder dividends. During 2024, 2023, and 2022, the Insurance Companies paid Mercury General ordinary dividends of $ 100 million, $ 0 , and $ 0 , respectively. </context> | us-gaap:StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithoutRegulatoryApproval |
The Insurance Companies are subject to the financial capacity guidelines established by their domiciliary states. The payment of dividends from statutory unassigned surplus of the Insurance Companies is restricted, subject to certain statutory limitations. As of December 31, 2024, the insurance subsidiaries of the Company are permitted to pay approximately $ 252 million in dividends in 2025 to Mercury General without the prior approval of the DOI of domiciliary states. The above statutory regulations may have the effect of indirectly limiting the ability of the Company to pay shareholder dividends. During 2024, 2023, and 2022, the Insurance Companies paid Mercury General ordinary dividends of $ 100 million, $ 0 , and $ 0 , respectively. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> The Insurance Companies are subject to the financial capacity guidelines established by their domiciliary states. The payment of dividends from statutory unassigned surplus of the Insurance Companies is restricted, subject to certain statutory limitations. As of December 31, 2024, the insurance subsidiaries of the Company are permitted to pay approximately $ 252 million in dividends in 2025 to Mercury General without the prior approval of the DOI of domiciliary states. The above statutory regulations may have the effect of indirectly limiting the ability of the Company to pay shareholder dividends. During 2024, 2023, and 2022, the Insurance Companies paid Mercury General ordinary dividends of $ 100 million, $ 0 , and $ 0 , respectively. </context> | us-gaap:ProceedsFromDividendsReceived |
The Insurance Companies are subject to the financial capacity guidelines established by their domiciliary states. The payment of dividends from statutory unassigned surplus of the Insurance Companies is restricted, subject to certain statutory limitations. As of December 31, 2024, the insurance subsidiaries of the Company are permitted to pay approximately $ 252 million in dividends in 2025 to Mercury General without the prior approval of the DOI of domiciliary states. The above statutory regulations may have the effect of indirectly limiting the ability of the Company to pay shareholder dividends. During 2024, 2023, and 2022, the Insurance Companies paid Mercury General ordinary dividends of $ 100 million, $ 0 , and $ 0 , respectively. | text | 0 | monetaryItemType | text: <entity> 0 </entity> <entity type> monetaryItemType </entity type> <context> The Insurance Companies are subject to the financial capacity guidelines established by their domiciliary states. The payment of dividends from statutory unassigned surplus of the Insurance Companies is restricted, subject to certain statutory limitations. As of December 31, 2024, the insurance subsidiaries of the Company are permitted to pay approximately $ 252 million in dividends in 2025 to Mercury General without the prior approval of the DOI of domiciliary states. The above statutory regulations may have the effect of indirectly limiting the ability of the Company to pay shareholder dividends. During 2024, 2023, and 2022, the Insurance Companies paid Mercury General ordinary dividends of $ 100 million, $ 0 , and $ 0 , respectively. </context> | us-gaap:ProceedsFromDividendsReceived |
On February 7, 2025, the Board of Directors declared a $ 0.3175 quarterly dividend payable on March 27, 2025 to shareholders of record on March 13, 2025. | text | 0.3175 | perShareItemType | text: <entity> 0.3175 </entity> <entity type> perShareItemType </entity type> <context> On February 7, 2025, the Board of Directors declared a $ 0.3175 quarterly dividend payable on March 27, 2025 to shareholders of record on March 13, 2025. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
The Plan includes an option for employees to make salary deferrals under Section 401(k) of the Internal Revenue Code. Matching contributions, at a rate set by the Board of Directors, totaled approximately $ 12.5 million, $ 11.1 million, and $ 10.8 million for 2024, 2023, and 2022, respectively. | text | 12.5 | monetaryItemType | text: <entity> 12.5 </entity> <entity type> monetaryItemType </entity type> <context> The Plan includes an option for employees to make salary deferrals under Section 401(k) of the Internal Revenue Code. Matching contributions, at a rate set by the Board of Directors, totaled approximately $ 12.5 million, $ 11.1 million, and $ 10.8 million for 2024, 2023, and 2022, respectively. </context> | us-gaap:DeferredCompensationArrangementWithIndividualContributionsByEmployer |
The Plan includes an option for employees to make salary deferrals under Section 401(k) of the Internal Revenue Code. Matching contributions, at a rate set by the Board of Directors, totaled approximately $ 12.5 million, $ 11.1 million, and $ 10.8 million for 2024, 2023, and 2022, respectively. | text | 11.1 | monetaryItemType | text: <entity> 11.1 </entity> <entity type> monetaryItemType </entity type> <context> The Plan includes an option for employees to make salary deferrals under Section 401(k) of the Internal Revenue Code. Matching contributions, at a rate set by the Board of Directors, totaled approximately $ 12.5 million, $ 11.1 million, and $ 10.8 million for 2024, 2023, and 2022, respectively. </context> | us-gaap:DeferredCompensationArrangementWithIndividualContributionsByEmployer |
The Plan includes an option for employees to make salary deferrals under Section 401(k) of the Internal Revenue Code. Matching contributions, at a rate set by the Board of Directors, totaled approximately $ 12.5 million, $ 11.1 million, and $ 10.8 million for 2024, 2023, and 2022, respectively. | text | 10.8 | monetaryItemType | text: <entity> 10.8 </entity> <entity type> monetaryItemType </entity type> <context> The Plan includes an option for employees to make salary deferrals under Section 401(k) of the Internal Revenue Code. Matching contributions, at a rate set by the Board of Directors, totaled approximately $ 12.5 million, $ 11.1 million, and $ 10.8 million for 2024, 2023, and 2022, respectively. </context> | us-gaap:DeferredCompensationArrangementWithIndividualContributionsByEmployer |
In February 2015, the Company adopted the 2015 Incentive Award Plan (the "2015 Plan"), replacing the 2005 Equity Incentive Plan (the "2005 Plan") which expired in January 2015. The 2015 Plan was approved at the Company's Annual Meeting of Shareholders in May 2015 and expired in January 2025. A maximum of 4,900,000 shares of common stock were authorized for issuance under the 2015 Plan upon exercise of stock options, stock appreciation rights and other awards, or upon vesting of restricted stock unit or deferred stock awards. No share-based compensation awards have been granted since March 2018 under the 2015 Plan. | text | 4900000 | sharesItemType | text: <entity> 4900000 </entity> <entity type> sharesItemType </entity type> <context> In February 2015, the Company adopted the 2015 Incentive Award Plan (the "2015 Plan"), replacing the 2005 Equity Incentive Plan (the "2005 Plan") which expired in January 2015. The 2015 Plan was approved at the Company's Annual Meeting of Shareholders in May 2015 and expired in January 2025. A maximum of 4,900,000 shares of common stock were authorized for issuance under the 2015 Plan upon exercise of stock options, stock appreciation rights and other awards, or upon vesting of restricted stock unit or deferred stock awards. No share-based compensation awards have been granted since March 2018 under the 2015 Plan. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
In February 2018, the Compensation Committee of the Company's Board of Directors awarded a total of 80,000 stock options to four senior executives under the 2015 Plan, which vested over the four-year requisite service period, except for 10,000 of these stock options that were forfeited in February 2019 following the departure of a senior executive. The fair values of these stock options were estimated on the date of grant using a closed-form option valuation model (Black-Scholes). | text | 80000 | sharesItemType | text: <entity> 80000 </entity> <entity type> sharesItemType </entity type> <context> In February 2018, the Compensation Committee of the Company's Board of Directors awarded a total of 80,000 stock options to four senior executives under the 2015 Plan, which vested over the four-year requisite service period, except for 10,000 of these stock options that were forfeited in February 2019 following the departure of a senior executive. The fair values of these stock options were estimated on the date of grant using a closed-form option valuation model (Black-Scholes). </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross |
In February 2018, the Compensation Committee of the Company's Board of Directors awarded a total of 80,000 stock options to four senior executives under the 2015 Plan, which vested over the four-year requisite service period, except for 10,000 of these stock options that were forfeited in February 2019 following the departure of a senior executive. The fair values of these stock options were estimated on the date of grant using a closed-form option valuation model (Black-Scholes). | text | 10000 | sharesItemType | text: <entity> 10000 </entity> <entity type> sharesItemType </entity type> <context> In February 2018, the Compensation Committee of the Company's Board of Directors awarded a total of 80,000 stock options to four senior executives under the 2015 Plan, which vested over the four-year requisite service period, except for 10,000 of these stock options that were forfeited in February 2019 following the departure of a senior executive. The fair values of these stock options were estimated on the date of grant using a closed-form option valuation model (Black-Scholes). </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod |
The aggregate intrinsic value of stock options exercised (the difference between the Company’s closing stock price and the stock option exercise price, multiplied by the number of in-the-money stock options) was $ 557,910 and $ 29,975 for 2024 and 2022, respectively. There were no stock options exercised in 2023. The total fair value of stock options vested was $ 141,584 for 2022. There were no stock options vested in 2024 and 2023. | text | 557910 | monetaryItemType | text: <entity> 557910 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate intrinsic value of stock options exercised (the difference between the Company’s closing stock price and the stock option exercise price, multiplied by the number of in-the-money stock options) was $ 557,910 and $ 29,975 for 2024 and 2022, respectively. There were no stock options exercised in 2023. The total fair value of stock options vested was $ 141,584 for 2022. There were no stock options vested in 2024 and 2023. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
The aggregate intrinsic value of stock options exercised (the difference between the Company’s closing stock price and the stock option exercise price, multiplied by the number of in-the-money stock options) was $ 557,910 and $ 29,975 for 2024 and 2022, respectively. There were no stock options exercised in 2023. The total fair value of stock options vested was $ 141,584 for 2022. There were no stock options vested in 2024 and 2023. | text | 29975 | monetaryItemType | text: <entity> 29975 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate intrinsic value of stock options exercised (the difference between the Company’s closing stock price and the stock option exercise price, multiplied by the number of in-the-money stock options) was $ 557,910 and $ 29,975 for 2024 and 2022, respectively. There were no stock options exercised in 2023. The total fair value of stock options vested was $ 141,584 for 2022. There were no stock options vested in 2024 and 2023. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
The aggregate intrinsic value of stock options exercised (the difference between the Company’s closing stock price and the stock option exercise price, multiplied by the number of in-the-money stock options) was $ 557,910 and $ 29,975 for 2024 and 2022, respectively. There were no stock options exercised in 2023. The total fair value of stock options vested was $ 141,584 for 2022. There were no stock options vested in 2024 and 2023. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> The aggregate intrinsic value of stock options exercised (the difference between the Company’s closing stock price and the stock option exercise price, multiplied by the number of in-the-money stock options) was $ 557,910 and $ 29,975 for 2024 and 2022, respectively. There were no stock options exercised in 2023. The total fair value of stock options vested was $ 141,584 for 2022. There were no stock options vested in 2024 and 2023. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
During the year ended December 31, 2024, the Company granted a total "target" award of 200,532 performance-based PSUs to certain executive officers and other key employees of the Company, 3,016 of which were forfeited because the recipients were no longer employed by the Company. The payout value of the performance-based PSUs granted under the LTIP will be determined based on the achievement of specific, pre-established corporate performance objectives, and in part on individual performance, during the applicable three-year performance period (the "Performance Cycle"). The maximum payout level for the performance-based PSUs is 150 % of the “target” award. | text | 200532 | sharesItemType | text: <entity> 200532 </entity> <entity type> sharesItemType </entity type> <context> During the year ended December 31, 2024, the Company granted a total "target" award of 200,532 performance-based PSUs to certain executive officers and other key employees of the Company, 3,016 of which were forfeited because the recipients were no longer employed by the Company. The payout value of the performance-based PSUs granted under the LTIP will be determined based on the achievement of specific, pre-established corporate performance objectives, and in part on individual performance, during the applicable three-year performance period (the "Performance Cycle"). The maximum payout level for the performance-based PSUs is 150 % of the “target” award. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
During the year ended December 31, 2024, the Company granted a total "target" award of 200,532 performance-based PSUs to certain executive officers and other key employees of the Company, 3,016 of which were forfeited because the recipients were no longer employed by the Company. The payout value of the performance-based PSUs granted under the LTIP will be determined based on the achievement of specific, pre-established corporate performance objectives, and in part on individual performance, during the applicable three-year performance period (the "Performance Cycle"). The maximum payout level for the performance-based PSUs is 150 % of the “target” award. | text | 3016 | sharesItemType | text: <entity> 3016 </entity> <entity type> sharesItemType </entity type> <context> During the year ended December 31, 2024, the Company granted a total "target" award of 200,532 performance-based PSUs to certain executive officers and other key employees of the Company, 3,016 of which were forfeited because the recipients were no longer employed by the Company. The payout value of the performance-based PSUs granted under the LTIP will be determined based on the achievement of specific, pre-established corporate performance objectives, and in part on individual performance, during the applicable three-year performance period (the "Performance Cycle"). The maximum payout level for the performance-based PSUs is 150 % of the “target” award. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod |
The Company, from time to time, grants restricted PSUs to certain key employees, typically to retain such key employees. The restricted PSUs vest in three equal annual installments on each of the first three anniversaries of the grant date. The payout value of the restricted PSUs granted under the LTIP will be determined based on the closing price per share of the Company's common stock at each vesting date. The vested amount of the restricted PSUs is paid at the end of each annual vesting period. During the year ended December 31, 2024, the Company granted a total of 36,315 restricted PSUs to certain key employees of the Company, 726 of which were forfeited because the recipients were no longer employed by the Company. | text | 36315 | sharesItemType | text: <entity> 36315 </entity> <entity type> sharesItemType </entity type> <context> The Company, from time to time, grants restricted PSUs to certain key employees, typically to retain such key employees. The restricted PSUs vest in three equal annual installments on each of the first three anniversaries of the grant date. The payout value of the restricted PSUs granted under the LTIP will be determined based on the closing price per share of the Company's common stock at each vesting date. The vested amount of the restricted PSUs is paid at the end of each annual vesting period. During the year ended December 31, 2024, the Company granted a total of 36,315 restricted PSUs to certain key employees of the Company, 726 of which were forfeited because the recipients were no longer employed by the Company. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
The Company, from time to time, grants restricted PSUs to certain key employees, typically to retain such key employees. The restricted PSUs vest in three equal annual installments on each of the first three anniversaries of the grant date. The payout value of the restricted PSUs granted under the LTIP will be determined based on the closing price per share of the Company's common stock at each vesting date. The vested amount of the restricted PSUs is paid at the end of each annual vesting period. During the year ended December 31, 2024, the Company granted a total of 36,315 restricted PSUs to certain key employees of the Company, 726 of which were forfeited because the recipients were no longer employed by the Company. | text | 726 | sharesItemType | text: <entity> 726 </entity> <entity type> sharesItemType </entity type> <context> The Company, from time to time, grants restricted PSUs to certain key employees, typically to retain such key employees. The restricted PSUs vest in three equal annual installments on each of the first three anniversaries of the grant date. The payout value of the restricted PSUs granted under the LTIP will be determined based on the closing price per share of the Company's common stock at each vesting date. The vested amount of the restricted PSUs is paid at the end of each annual vesting period. During the year ended December 31, 2024, the Company granted a total of 36,315 restricted PSUs to certain key employees of the Company, 726 of which were forfeited because the recipients were no longer employed by the Company. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod |
The Company recorded approximately $ 4.6 million of share-based compensation expense associated with the performance-based and restricted PSUs for the year ended December 31, 2024, which are included in other operating expenses in its consolidated statements of operations. | text | 4.6 | monetaryItemType | text: <entity> 4.6 </entity> <entity type> monetaryItemType </entity type> <context> The Company recorded approximately $ 4.6 million of share-based compensation expense associated with the performance-based and restricted PSUs for the year ended December 31, 2024, which are included in other operating expenses in its consolidated statements of operations. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
Potentially dilutive securities representing approximately 17,500 shares of common stock were excluded from the computation of diluted earnings (loss) per common share for each of 2023 and 2022, because their effect would have been anti-dilutive. There were no potentially dilutive securities with anti-dilutive effect for 2024. For 2022, 26 incremental shares were also excluded from the computation of diluted loss per share as the Company generated a net loss in 2022. | text | no | sharesItemType | text: <entity> no </entity> <entity type> sharesItemType </entity type> <context> Potentially dilutive securities representing approximately 17,500 shares of common stock were excluded from the computation of diluted earnings (loss) per common share for each of 2023 and 2022, because their effect would have been anti-dilutive. There were no potentially dilutive securities with anti-dilutive effect for 2024. For 2022, 26 incremental shares were also excluded from the computation of diluted loss per share as the Company generated a net loss in 2022. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The Company is primarily engaged in writing personal automobile insurance and provides related property and casualty insurance products to its customers through 12 subsidiaries in 11 states, principally in California. The Company has one reportable business segment - the Property and Casualty business segment. | text | 11 | integerItemType | text: <entity> 11 </entity> <entity type> integerItemType </entity type> <context> The Company is primarily engaged in writing personal automobile insurance and provides related property and casualty insurance products to its customers through 12 subsidiaries in 11 states, principally in California. The Company has one reportable business segment - the Property and Casualty business segment. </context> | us-gaap:NumberOfStatesInWhichEntityOperates |
The Company is primarily engaged in writing personal automobile insurance and provides related property and casualty insurance products to its customers through 12 subsidiaries in 11 states, principally in California. The Company has one reportable business segment - the Property and Casualty business segment. | text | one | integerItemType | text: <entity> one </entity> <entity type> integerItemType </entity type> <context> The Company is primarily engaged in writing personal automobile insurance and provides related property and casualty insurance products to its customers through 12 subsidiaries in 11 states, principally in California. The Company has one reportable business segment - the Property and Casualty business segment. </context> | us-gaap:NumberOfReportableSegments |
In January 2025, extreme wind-driven wildfires caused widespread damage across parts of Southern California, primarily in the communities of Pacific Palisades and Altadena. The wildfires are known as the Palisades and Eaton fires (collectively, the “Wildfires”). The Company is currently estimating gross catastrophe losses from the Wildfires before its share of FAIR plan losses in the range of $ 1.6 billion to $ 2.0 billion and net catastrophe losses before taxes in the range of $ 155 million to $ 325 million. | text | 155 | monetaryItemType | text: <entity> 155 </entity> <entity type> monetaryItemType </entity type> <context> In January 2025, extreme wind-driven wildfires caused widespread damage across parts of Southern California, primarily in the communities of Pacific Palisades and Altadena. The wildfires are known as the Palisades and Eaton fires (collectively, the “Wildfires”). The Company is currently estimating gross catastrophe losses from the Wildfires before its share of FAIR plan losses in the range of $ 1.6 billion to $ 2.0 billion and net catastrophe losses before taxes in the range of $ 155 million to $ 325 million. </context> | us-gaap:LossFromCatastrophes |
In January 2025, extreme wind-driven wildfires caused widespread damage across parts of Southern California, primarily in the communities of Pacific Palisades and Altadena. The wildfires are known as the Palisades and Eaton fires (collectively, the “Wildfires”). The Company is currently estimating gross catastrophe losses from the Wildfires before its share of FAIR plan losses in the range of $ 1.6 billion to $ 2.0 billion and net catastrophe losses before taxes in the range of $ 155 million to $ 325 million. | text | 325 | monetaryItemType | text: <entity> 325 </entity> <entity type> monetaryItemType </entity type> <context> In January 2025, extreme wind-driven wildfires caused widespread damage across parts of Southern California, primarily in the communities of Pacific Palisades and Altadena. The wildfires are known as the Palisades and Eaton fires (collectively, the “Wildfires”). The Company is currently estimating gross catastrophe losses from the Wildfires before its share of FAIR plan losses in the range of $ 1.6 billion to $ 2.0 billion and net catastrophe losses before taxes in the range of $ 155 million to $ 325 million. </context> | us-gaap:LossFromCatastrophes |
The Company’s catastrophe reinsurance program provides $ 1,290 million of limits on a per occurrence basis after covered catastrophe losses exceed the Company’s retention of $ 150 million. The Company also has up to $ 20 million of coverage on a property excess of loss reinsurance treaty available to offset losses exceeding $ 5 million per property that attaches prior to the catastrophe limits, and the Company expects to use approximately $ 10 million to $ 20 million of those limits for wildfire claims. On the catastrophe reinsurance program, one percent of the reinsurance limit of the $ 650 million xs $ 650 million coverage layer was placed as parametric coverage that pays out based on industry insured values in pre-determined grids within the fire footprint and the Company’s participation percentage within that grid. The Company has determined that this portion of the reinsurance will not be eligible for recovery, and as such, $ 6.5 million of the $ 1,290 million of total limits does not qualify for the Eaton or Palisades fires. | text | 1290 | monetaryItemType | text: <entity> 1290 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s catastrophe reinsurance program provides $ 1,290 million of limits on a per occurrence basis after covered catastrophe losses exceed the Company’s retention of $ 150 million. The Company also has up to $ 20 million of coverage on a property excess of loss reinsurance treaty available to offset losses exceeding $ 5 million per property that attaches prior to the catastrophe limits, and the Company expects to use approximately $ 10 million to $ 20 million of those limits for wildfire claims. On the catastrophe reinsurance program, one percent of the reinsurance limit of the $ 650 million xs $ 650 million coverage layer was placed as parametric coverage that pays out based on industry insured values in pre-determined grids within the fire footprint and the Company’s participation percentage within that grid. The Company has determined that this portion of the reinsurance will not be eligible for recovery, and as such, $ 6.5 million of the $ 1,290 million of total limits does not qualify for the Eaton or Palisades fires. </context> | us-gaap:ReinsuranceRetentionExcessRetentionAmountReinsuredPerEvent |
The Company’s catastrophe reinsurance program provides $ 1,290 million of limits on a per occurrence basis after covered catastrophe losses exceed the Company’s retention of $ 150 million. The Company also has up to $ 20 million of coverage on a property excess of loss reinsurance treaty available to offset losses exceeding $ 5 million per property that attaches prior to the catastrophe limits, and the Company expects to use approximately $ 10 million to $ 20 million of those limits for wildfire claims. On the catastrophe reinsurance program, one percent of the reinsurance limit of the $ 650 million xs $ 650 million coverage layer was placed as parametric coverage that pays out based on industry insured values in pre-determined grids within the fire footprint and the Company’s participation percentage within that grid. The Company has determined that this portion of the reinsurance will not be eligible for recovery, and as such, $ 6.5 million of the $ 1,290 million of total limits does not qualify for the Eaton or Palisades fires. | text | 150 | monetaryItemType | text: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s catastrophe reinsurance program provides $ 1,290 million of limits on a per occurrence basis after covered catastrophe losses exceed the Company’s retention of $ 150 million. The Company also has up to $ 20 million of coverage on a property excess of loss reinsurance treaty available to offset losses exceeding $ 5 million per property that attaches prior to the catastrophe limits, and the Company expects to use approximately $ 10 million to $ 20 million of those limits for wildfire claims. On the catastrophe reinsurance program, one percent of the reinsurance limit of the $ 650 million xs $ 650 million coverage layer was placed as parametric coverage that pays out based on industry insured values in pre-determined grids within the fire footprint and the Company’s participation percentage within that grid. The Company has determined that this portion of the reinsurance will not be eligible for recovery, and as such, $ 6.5 million of the $ 1,290 million of total limits does not qualify for the Eaton or Palisades fires. </context> | us-gaap:ReinsuranceRetentionAmountRetainedPerEvent |
The Company’s catastrophe reinsurance program provides $ 1,290 million of limits on a per occurrence basis after covered catastrophe losses exceed the Company’s retention of $ 150 million. The Company also has up to $ 20 million of coverage on a property excess of loss reinsurance treaty available to offset losses exceeding $ 5 million per property that attaches prior to the catastrophe limits, and the Company expects to use approximately $ 10 million to $ 20 million of those limits for wildfire claims. On the catastrophe reinsurance program, one percent of the reinsurance limit of the $ 650 million xs $ 650 million coverage layer was placed as parametric coverage that pays out based on industry insured values in pre-determined grids within the fire footprint and the Company’s participation percentage within that grid. The Company has determined that this portion of the reinsurance will not be eligible for recovery, and as such, $ 6.5 million of the $ 1,290 million of total limits does not qualify for the Eaton or Palisades fires. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s catastrophe reinsurance program provides $ 1,290 million of limits on a per occurrence basis after covered catastrophe losses exceed the Company’s retention of $ 150 million. The Company also has up to $ 20 million of coverage on a property excess of loss reinsurance treaty available to offset losses exceeding $ 5 million per property that attaches prior to the catastrophe limits, and the Company expects to use approximately $ 10 million to $ 20 million of those limits for wildfire claims. On the catastrophe reinsurance program, one percent of the reinsurance limit of the $ 650 million xs $ 650 million coverage layer was placed as parametric coverage that pays out based on industry insured values in pre-determined grids within the fire footprint and the Company’s participation percentage within that grid. The Company has determined that this portion of the reinsurance will not be eligible for recovery, and as such, $ 6.5 million of the $ 1,290 million of total limits does not qualify for the Eaton or Palisades fires. </context> | us-gaap:ReinsuranceRetentionExcessRetentionAmountReinsuredPerEvent |
The Company’s catastrophe reinsurance program provides $ 1,290 million of limits on a per occurrence basis after covered catastrophe losses exceed the Company’s retention of $ 150 million. The Company also has up to $ 20 million of coverage on a property excess of loss reinsurance treaty available to offset losses exceeding $ 5 million per property that attaches prior to the catastrophe limits, and the Company expects to use approximately $ 10 million to $ 20 million of those limits for wildfire claims. On the catastrophe reinsurance program, one percent of the reinsurance limit of the $ 650 million xs $ 650 million coverage layer was placed as parametric coverage that pays out based on industry insured values in pre-determined grids within the fire footprint and the Company’s participation percentage within that grid. The Company has determined that this portion of the reinsurance will not be eligible for recovery, and as such, $ 6.5 million of the $ 1,290 million of total limits does not qualify for the Eaton or Palisades fires. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s catastrophe reinsurance program provides $ 1,290 million of limits on a per occurrence basis after covered catastrophe losses exceed the Company’s retention of $ 150 million. The Company also has up to $ 20 million of coverage on a property excess of loss reinsurance treaty available to offset losses exceeding $ 5 million per property that attaches prior to the catastrophe limits, and the Company expects to use approximately $ 10 million to $ 20 million of those limits for wildfire claims. On the catastrophe reinsurance program, one percent of the reinsurance limit of the $ 650 million xs $ 650 million coverage layer was placed as parametric coverage that pays out based on industry insured values in pre-determined grids within the fire footprint and the Company’s participation percentage within that grid. The Company has determined that this portion of the reinsurance will not be eligible for recovery, and as such, $ 6.5 million of the $ 1,290 million of total limits does not qualify for the Eaton or Palisades fires. </context> | us-gaap:ReinsuranceRetentionExcessRetentionAmountReinsuredPerEvent |
Catastrophe losses from the Wildfires, net of applicable reinsurance benefits, and if applicable, subrogation, will be recorded as part of losses and loss adjustment expenses in the Company's consolidated statements of operations for the three-month period ending March 31, 2025. To the extent that losses are reinsured, the reinsurance program calls for reinstatements of limits to cover future events. If the full $ 1,290 million limits are used up, then the total reinstatement premium would be $ 101 million. Reinstatement premiums will be charged evenly over the first and second quarters of 2025. | text | 1290 | monetaryItemType | text: <entity> 1290 </entity> <entity type> monetaryItemType </entity type> <context> Catastrophe losses from the Wildfires, net of applicable reinsurance benefits, and if applicable, subrogation, will be recorded as part of losses and loss adjustment expenses in the Company's consolidated statements of operations for the three-month period ending March 31, 2025. To the extent that losses are reinsured, the reinsurance program calls for reinstatements of limits to cover future events. If the full $ 1,290 million limits are used up, then the total reinstatement premium would be $ 101 million. Reinstatement premiums will be charged evenly over the first and second quarters of 2025. </context> | us-gaap:ReinsuranceRetentionExcessRetentionAmountReinsuredPerEvent |
Under a single-occurrence scenario, the Company will retain the first $ 150 million in losses and up to $ 6.5 million of losses for parametric coverage not eligible for reinsurance coverage. Gross losses in excess of $ 1,440 million ($ 150 million retention plus $ 1,290 million reinsurance limit), if any, will be retained by the Company. In addition, the Company is responsible for up to $ 101 million in reinstatement premiums. Under a two-event scenario, the Company may elect to use reinsurance limits of up to $ 1,290 million for the first event and reinstated limits up to $ 1,238 million for the second event. In this scenario, the Company would be responsible for the first and second event retentions of $ 150 million each, up to $ 6.5 million of losses for parametric coverage not eligible for reinsurance coverage for the first event and co-participation in losses for the second event equal to 8 % of losses in excess of $ 650 million up to $ 1,300 million. In addition, the Company would be responsible for up to $ 101 million in reinstatement premiums. The Company may seek to acquire additional reinsurance if reinstated limits are used by the second event, for the stub period ending on June 30, 2025, the expiration date of the current contract. | text | 150 | monetaryItemType | text: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> Under a single-occurrence scenario, the Company will retain the first $ 150 million in losses and up to $ 6.5 million of losses for parametric coverage not eligible for reinsurance coverage. Gross losses in excess of $ 1,440 million ($ 150 million retention plus $ 1,290 million reinsurance limit), if any, will be retained by the Company. In addition, the Company is responsible for up to $ 101 million in reinstatement premiums. Under a two-event scenario, the Company may elect to use reinsurance limits of up to $ 1,290 million for the first event and reinstated limits up to $ 1,238 million for the second event. In this scenario, the Company would be responsible for the first and second event retentions of $ 150 million each, up to $ 6.5 million of losses for parametric coverage not eligible for reinsurance coverage for the first event and co-participation in losses for the second event equal to 8 % of losses in excess of $ 650 million up to $ 1,300 million. In addition, the Company would be responsible for up to $ 101 million in reinstatement premiums. The Company may seek to acquire additional reinsurance if reinstated limits are used by the second event, for the stub period ending on June 30, 2025, the expiration date of the current contract. </context> | us-gaap:ReinsuranceRetentionAmountRetainedPerEvent |
Under a single-occurrence scenario, the Company will retain the first $ 150 million in losses and up to $ 6.5 million of losses for parametric coverage not eligible for reinsurance coverage. Gross losses in excess of $ 1,440 million ($ 150 million retention plus $ 1,290 million reinsurance limit), if any, will be retained by the Company. In addition, the Company is responsible for up to $ 101 million in reinstatement premiums. Under a two-event scenario, the Company may elect to use reinsurance limits of up to $ 1,290 million for the first event and reinstated limits up to $ 1,238 million for the second event. In this scenario, the Company would be responsible for the first and second event retentions of $ 150 million each, up to $ 6.5 million of losses for parametric coverage not eligible for reinsurance coverage for the first event and co-participation in losses for the second event equal to 8 % of losses in excess of $ 650 million up to $ 1,300 million. In addition, the Company would be responsible for up to $ 101 million in reinstatement premiums. The Company may seek to acquire additional reinsurance if reinstated limits are used by the second event, for the stub period ending on June 30, 2025, the expiration date of the current contract. | text | 1290 | monetaryItemType | text: <entity> 1290 </entity> <entity type> monetaryItemType </entity type> <context> Under a single-occurrence scenario, the Company will retain the first $ 150 million in losses and up to $ 6.5 million of losses for parametric coverage not eligible for reinsurance coverage. Gross losses in excess of $ 1,440 million ($ 150 million retention plus $ 1,290 million reinsurance limit), if any, will be retained by the Company. In addition, the Company is responsible for up to $ 101 million in reinstatement premiums. Under a two-event scenario, the Company may elect to use reinsurance limits of up to $ 1,290 million for the first event and reinstated limits up to $ 1,238 million for the second event. In this scenario, the Company would be responsible for the first and second event retentions of $ 150 million each, up to $ 6.5 million of losses for parametric coverage not eligible for reinsurance coverage for the first event and co-participation in losses for the second event equal to 8 % of losses in excess of $ 650 million up to $ 1,300 million. In addition, the Company would be responsible for up to $ 101 million in reinstatement premiums. The Company may seek to acquire additional reinsurance if reinstated limits are used by the second event, for the stub period ending on June 30, 2025, the expiration date of the current contract. </context> | us-gaap:ReinsuranceRetentionExcessRetentionAmountReinsuredPerEvent |
Under a single-occurrence scenario, the Company will retain the first $ 150 million in losses and up to $ 6.5 million of losses for parametric coverage not eligible for reinsurance coverage. Gross losses in excess of $ 1,440 million ($ 150 million retention plus $ 1,290 million reinsurance limit), if any, will be retained by the Company. In addition, the Company is responsible for up to $ 101 million in reinstatement premiums. Under a two-event scenario, the Company may elect to use reinsurance limits of up to $ 1,290 million for the first event and reinstated limits up to $ 1,238 million for the second event. In this scenario, the Company would be responsible for the first and second event retentions of $ 150 million each, up to $ 6.5 million of losses for parametric coverage not eligible for reinsurance coverage for the first event and co-participation in losses for the second event equal to 8 % of losses in excess of $ 650 million up to $ 1,300 million. In addition, the Company would be responsible for up to $ 101 million in reinstatement premiums. The Company may seek to acquire additional reinsurance if reinstated limits are used by the second event, for the stub period ending on June 30, 2025, the expiration date of the current contract. | text | 1238 | monetaryItemType | text: <entity> 1238 </entity> <entity type> monetaryItemType </entity type> <context> Under a single-occurrence scenario, the Company will retain the first $ 150 million in losses and up to $ 6.5 million of losses for parametric coverage not eligible for reinsurance coverage. Gross losses in excess of $ 1,440 million ($ 150 million retention plus $ 1,290 million reinsurance limit), if any, will be retained by the Company. In addition, the Company is responsible for up to $ 101 million in reinstatement premiums. Under a two-event scenario, the Company may elect to use reinsurance limits of up to $ 1,290 million for the first event and reinstated limits up to $ 1,238 million for the second event. In this scenario, the Company would be responsible for the first and second event retentions of $ 150 million each, up to $ 6.5 million of losses for parametric coverage not eligible for reinsurance coverage for the first event and co-participation in losses for the second event equal to 8 % of losses in excess of $ 650 million up to $ 1,300 million. In addition, the Company would be responsible for up to $ 101 million in reinstatement premiums. The Company may seek to acquire additional reinsurance if reinstated limits are used by the second event, for the stub period ending on June 30, 2025, the expiration date of the current contract. </context> | us-gaap:ReinsuranceRetentionExcessRetentionAmountReinsuredPerEvent |
The Company has sent an initial billing to our reinsurers and has collected $ 500 million to date. The Company has over $ 1 billion in Cash and Short-term investments on-hand, sufficient liquidity to handle the increased demand for cash. The Company does not expect the impact from this event to result in any defaults under our revolving credit debt covenants. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> The Company has sent an initial billing to our reinsurers and has collected $ 500 million to date. The Company has over $ 1 billion in Cash and Short-term investments on-hand, sufficient liquidity to handle the increased demand for cash. The Company does not expect the impact from this event to result in any defaults under our revolving credit debt covenants. </context> | us-gaap:CashCashEquivalentsAndShortTermInvestments |
Dividends of $ 100 million, $ 0 and $ 0 were received by Mercury General from its 100% owned insurance subsidiaries in 2024, 2023 and 2022, respectively, and were recorded as a reduction to investment in subsidiaries. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> Dividends of $ 100 million, $ 0 and $ 0 were received by Mercury General from its 100% owned insurance subsidiaries in 2024, 2023 and 2022, respectively, and were recorded as a reduction to investment in subsidiaries. </context> | us-gaap:ProceedsFromDividendsReceived |
Dividends of $ 100 million, $ 0 and $ 0 were received by Mercury General from its 100% owned insurance subsidiaries in 2024, 2023 and 2022, respectively, and were recorded as a reduction to investment in subsidiaries. | text | 0 | monetaryItemType | text: <entity> 0 </entity> <entity type> monetaryItemType </entity type> <context> Dividends of $ 100 million, $ 0 and $ 0 were received by Mercury General from its 100% owned insurance subsidiaries in 2024, 2023 and 2022, respectively, and were recorded as a reduction to investment in subsidiaries. </context> | us-gaap:ProceedsFromDividendsReceived |
On March 8, 2017, Mercury General completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of Mercury General, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. Mercury General incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. | text | 375 | monetaryItemType | text: <entity> 375 </entity> <entity type> monetaryItemType </entity type> <context> On March 8, 2017, Mercury General completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of Mercury General, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. Mercury General incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. </context> | us-gaap:UnsecuredDebt |
On March 8, 2017, Mercury General completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of Mercury General, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. Mercury General incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. | text | 4.4 | percentItemType | text: <entity> 4.4 </entity> <entity type> percentItemType </entity type> <context> On March 8, 2017, Mercury General completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of Mercury General, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. Mercury General incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On March 8, 2017, Mercury General completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of Mercury General, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. Mercury General incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. | text | 3.4 | monetaryItemType | text: <entity> 3.4 </entity> <entity type> monetaryItemType </entity type> <context> On March 8, 2017, Mercury General completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of Mercury General, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. Mercury General incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. </context> | us-gaap:DeferredFinanceCostsNet |
On March 8, 2017, Mercury General completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of Mercury General, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. Mercury General incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. | text | 4.45 | percentItemType | text: <entity> 4.45 </entity> <entity type> percentItemType </entity type> <context> On March 8, 2017, Mercury General completed a public debt offering issuing $ 375 million of senior notes. The notes are unsecured senior obligations of Mercury General, with a 4.4 % annual coupon payable on March 15 and September 15 of each year commencing September 15, 2017. These notes mature on March 15, 2027. The Company used the proceeds from the notes to pay off amounts outstanding under the existing loan and credit facilities and for general corporate purposes. Mercury General incurred debt issuance costs of approximately $ 3.4 million, inclusive of underwriters' fees. The notes were issued at a slight discount of 99.847 % of par, resulting in the effective annualized interest rate, including debt issuance costs, of approximately 4.45 %. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The | text | 75 | monetaryItemType | text: <entity> 75 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The | text | 200 | monetaryItemType | text: <entity> 200 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The | text | 250 | monetaryItemType | text: <entity> 250 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The | text | 112.5 | percentItemType | text: <entity> 112.5 </entity> <entity type> percentItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The | text | 150.0 | percentItemType | text: <entity> 150.0 </entity> <entity type> percentItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The | text | 12.5 | percentItemType | text: <entity> 12.5 </entity> <entity type> percentItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The </context> | us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The | text | 22.5 | percentItemType | text: <entity> 22.5 </entity> <entity type> percentItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The </context> | us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The | text | 15.0 | percentItemType | text: <entity> 15.0 </entity> <entity type> percentItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The </context> | us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The | text | 200 | monetaryItemType | text: <entity> 200 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The </context> | us-gaap:ProceedsFromLinesOfCredit |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The | text | 5.79 | percentItemType | text: <entity> 5.79 </entity> <entity type> percentItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The | text | 50 | monetaryItemType | text: <entity> 50 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2021, the Company entered into an unsecured $ 75 million five-year revolving credit facility. On November 18, 2022, the Company entered into the First Amendment to this credit facility. The First Amendment extended the maturity date of the loan to November 16, 2026 from March 31, 2026 with possible further extension if certain conditions are met, increased the aggregate commitments by all the lenders to $ 200 million from $ 75 million, and replaced the LIBOR with the term SOFR. On November 30, 2023, the Company entered into the Second Amendment to this credit facility, which further increased the aggregate commitments by all the lenders to $ 250 million from $ 200 million. On November 22, 2024, the Company entered into the Third Amendment to this credit facility, which extended and fixed the maturity date of the loan to November 18, 2027. The interest rates on borrowings under the credit facility are based on the Company's debt to total capital ratio and range from Term SOFR plus 112.5 basis points when the ratio is under 20 % to Term SOFR plus 150.0 basis points when the ratio is greater than or equal to 30 %. Commitment fees for the undrawn portions of the credit facility range from 12.5 basis points when the ratio is under 20 % to 22.5 basis points when the ratio is greater than or equal to 30 %. The debt to total capital ratio is expressed as a percentage of (a) consolidated debt to (b) consolidated shareholders' equity plus consolidated debt. The Company's debt to total capital ratio was 22.8 % at December 31, 2024, resulting in a 15.0 basis point commitment fee on any undrawn portion of the credit facility. As of February 11, 2025, a total of $ 200 million was drawn under this facility on a three-month revolving basis at an annual interest rate of approximately 5.79 %, with $ 50 million available to be drawn. The </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
Goldman Sachs Real Estate Finance Trust Inc (the “Company”) was formed as a Maryland corporation on March 8, 2024, primarily to originate, acquire and manage a portfolio of commercial real estate loans secured by high-quality assets located in North America (primarily in the United States). The Company is externally managed by Goldman Sachs & Co. LLC (in its capacity as the Company’s adviser, the “Adviser”), an affiliate of The Goldman Sachs Group, Inc. (together with its affiliates, “Goldman Sachs”). Goldman Sachs & Co. LLC is a registered investment adviser under the Investment Advisers Act of 1940, as amended, with personnel responsible for acting on its behalf as a registered investment adviser. On March 27, 2024, the Company was capitalized with a $ 10,000 investment by an affiliate of the Adviser. | text | 10000 | monetaryItemType | text: <entity> 10000 </entity> <entity type> monetaryItemType </entity type> <context> Goldman Sachs Real Estate Finance Trust Inc (the “Company”) was formed as a Maryland corporation on March 8, 2024, primarily to originate, acquire and manage a portfolio of commercial real estate loans secured by high-quality assets located in North America (primarily in the United States). The Company is externally managed by Goldman Sachs & Co. LLC (in its capacity as the Company’s adviser, the “Adviser”), an affiliate of The Goldman Sachs Group, Inc. (together with its affiliates, “Goldman Sachs”). Goldman Sachs & Co. LLC is a registered investment adviser under the Investment Advisers Act of 1940, as amended, with personnel responsible for acting on its behalf as a registered investment adviser. On March 27, 2024, the Company was capitalized with a $ 10,000 investment by an affiliate of the Adviser. </context> | us-gaap:ProceedsFromIssuanceOfCommonStock |
to issue 2,110,000,000 shares of capital stock. Of the total shares of stock authorized, 2,000,000,000 shares are classified as voting common stock with a par value of $ 0.01 per share, 500,000,000 of which are classified as series T shares, 500,000,000 of which are classified as series S shares, 500,000,000 of which are classified as series D shares, 500,000,000 of which are classified as series I shares, | text | 2000000000 | sharesItemType | text: <entity> 2000000000 </entity> <entity type> sharesItemType </entity type> <context> to issue 2,110,000,000 shares of capital stock. Of the total shares of stock authorized, 2,000,000,000 shares are classified as voting common stock with a par value of $ 0.01 per share, 500,000,000 of which are classified as series T shares, 500,000,000 of which are classified as series S shares, 500,000,000 of which are classified as series D shares, 500,000,000 of which are classified as series I shares, </context> | us-gaap:CommonStockSharesAuthorized |
to issue 2,110,000,000 shares of capital stock. Of the total shares of stock authorized, 2,000,000,000 shares are classified as voting common stock with a par value of $ 0.01 per share, 500,000,000 of which are classified as series T shares, 500,000,000 of which are classified as series S shares, 500,000,000 of which are classified as series D shares, 500,000,000 of which are classified as series I shares, | text | 0.01 | perShareItemType | text: <entity> 0.01 </entity> <entity type> perShareItemType </entity type> <context> to issue 2,110,000,000 shares of capital stock. Of the total shares of stock authorized, 2,000,000,000 shares are classified as voting common stock with a par value of $ 0.01 per share, 500,000,000 of which are classified as series T shares, 500,000,000 of which are classified as series S shares, 500,000,000 of which are classified as series D shares, 500,000,000 of which are classified as series I shares, </context> | us-gaap:CommonStockParOrStatedValuePerShare |
to issue 2,110,000,000 shares of capital stock. Of the total shares of stock authorized, 2,000,000,000 shares are classified as voting common stock with a par value of $ 0.01 per share, 500,000,000 of which are classified as series T shares, 500,000,000 of which are classified as series S shares, 500,000,000 of which are classified as series D shares, 500,000,000 of which are classified as series I shares, | text | 500000000 | sharesItemType | text: <entity> 500000000 </entity> <entity type> sharesItemType </entity type> <context> to issue 2,110,000,000 shares of capital stock. Of the total shares of stock authorized, 2,000,000,000 shares are classified as voting common stock with a par value of $ 0.01 per share, 500,000,000 of which are classified as series T shares, 500,000,000 of which are classified as series S shares, 500,000,000 of which are classified as series D shares, 500,000,000 of which are classified as series I shares, </context> | us-gaap:CommonStockSharesAuthorized |
10,000,000 shares of non-voting common stock, | text | 10000000 | sharesItemType | text: <entity> 10000000 </entity> <entity type> sharesItemType </entity type> <context> 10,000,000 shares of non-voting common stock, </context> | us-gaap:CommonStockSharesAuthorized |
and 100,000,000 shares are classified as preferred stock with a par value of $ 0.01 per share. | text | 100000000 | sharesItemType | text: <entity> 100000000 </entity> <entity type> sharesItemType </entity type> <context> and 100,000,000 shares are classified as preferred stock with a par value of $ 0.01 per share. </context> | us-gaap:PreferredStockSharesAuthorized |
and 100,000,000 shares are classified as preferred stock with a par value of $ 0.01 per share. | text | 0.01 | perShareItemType | text: <entity> 0.01 </entity> <entity type> perShareItemType </entity type> <context> and 100,000,000 shares are classified as preferred stock with a par value of $ 0.01 per share. </context> | us-gaap:PreferredStockParOrStatedValuePerShare |
of common stock, excluding shares purchased by the Adviser, its affiliates and directors and officers in any combination of purchases of series T shares, series S shares, series D shares and series I shares, provided that the Company will not issue more than one series of shares until it has a class of securities that is registered under the Exchange Act. During the escrow period, the per share purchase price for shares of the Company’s common stock will be $ 25.00 , plus applicable upfront selling commissions and placement fees. After the close of the escrow period, each series of shares will be sold at the then-current transaction price, which will generally be the prior month’s net asset value (“NAV”), as determined pursuant to the Company’s valuation guidelines, per share for such series, as calculated monthly, plus applicable upfront selling commissions and placement fees. The Company satisfied the minimum offering amount and broke escrow in the continuous private offering on January 6, 2025. | text | 25.00 | perShareItemType | text: <entity> 25.00 </entity> <entity type> perShareItemType </entity type> <context> of common stock, excluding shares purchased by the Adviser, its affiliates and directors and officers in any combination of purchases of series T shares, series S shares, series D shares and series I shares, provided that the Company will not issue more than one series of shares until it has a class of securities that is registered under the Exchange Act. During the escrow period, the per share purchase price for shares of the Company’s common stock will be $ 25.00 , plus applicable upfront selling commissions and placement fees. After the close of the escrow period, each series of shares will be sold at the then-current transaction price, which will generally be the prior month’s net asset value (“NAV”), as determined pursuant to the Company’s valuation guidelines, per share for such series, as calculated monthly, plus applicable upfront selling commissions and placement fees. The Company satisfied the minimum offering amount and broke escrow in the continuous private offering on January 6, 2025. </context> | us-gaap:SharePrice |
On October 4, 2024, the Company entered into a subscription agreement with Goldman Sachs pursuant to which Goldman Sachs has agreed to purchase an aggregate amount of $ 100 million in non-voting common stock in increments of $ 25 million, at a price per share equal to the Company’s most recently determined NAV for the non-voting common stock, or if an NAV has yet to be calculated, then $ 25.00 (the “Goldman Sachs Investment”). The purchases will be made initially on the date of the initial closing of the Offering and subsequently upon the first date the Company’s NAV reaches each of $ 500 million, $ 750 million and $ 1 billion. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> On October 4, 2024, the Company entered into a subscription agreement with Goldman Sachs pursuant to which Goldman Sachs has agreed to purchase an aggregate amount of $ 100 million in non-voting common stock in increments of $ 25 million, at a price per share equal to the Company’s most recently determined NAV for the non-voting common stock, or if an NAV has yet to be calculated, then $ 25.00 (the “Goldman Sachs Investment”). The purchases will be made initially on the date of the initial closing of the Offering and subsequently upon the first date the Company’s NAV reaches each of $ 500 million, $ 750 million and $ 1 billion. </context> | us-gaap:SaleOfStockConsiderationReceivedOnTransaction |
On October 4, 2024, the Company entered into a subscription agreement with Goldman Sachs pursuant to which Goldman Sachs has agreed to purchase an aggregate amount of $ 100 million in non-voting common stock in increments of $ 25 million, at a price per share equal to the Company’s most recently determined NAV for the non-voting common stock, or if an NAV has yet to be calculated, then $ 25.00 (the “Goldman Sachs Investment”). The purchases will be made initially on the date of the initial closing of the Offering and subsequently upon the first date the Company’s NAV reaches each of $ 500 million, $ 750 million and $ 1 billion. | text | 25.00 | perShareItemType | text: <entity> 25.00 </entity> <entity type> perShareItemType </entity type> <context> On October 4, 2024, the Company entered into a subscription agreement with Goldman Sachs pursuant to which Goldman Sachs has agreed to purchase an aggregate amount of $ 100 million in non-voting common stock in increments of $ 25 million, at a price per share equal to the Company’s most recently determined NAV for the non-voting common stock, or if an NAV has yet to be calculated, then $ 25.00 (the “Goldman Sachs Investment”). The purchases will be made initially on the date of the initial closing of the Offering and subsequently upon the first date the Company’s NAV reaches each of $ 500 million, $ 750 million and $ 1 billion. </context> | us-gaap:SaleOfStockPricePerShare |
As of December 31, 2024, the Company had $ 682 of net operating loss ("NOL") carryforwards that may be used in the future to reduce the amount otherwise required to be distributed by us to meet REIT requirements. The Company believes that it is more likely than not that the benefit from the deferred tax asset will not be realized. In recognition of this, the Company has provided a valuation allowance of $ 682 on the $ 682 deferred tax asset. | text | 682 | monetaryItemType | text: <entity> 682 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had $ 682 of net operating loss ("NOL") carryforwards that may be used in the future to reduce the amount otherwise required to be distributed by us to meet REIT requirements. The Company believes that it is more likely than not that the benefit from the deferred tax asset will not be realized. In recognition of this, the Company has provided a valuation allowance of $ 682 on the $ 682 deferred tax asset. </context> | us-gaap:OperatingLossCarryforwards |
As of December 31, 2024, the Company had $ 682 of net operating loss ("NOL") carryforwards that may be used in the future to reduce the amount otherwise required to be distributed by us to meet REIT requirements. The Company believes that it is more likely than not that the benefit from the deferred tax asset will not be realized. In recognition of this, the Company has provided a valuation allowance of $ 682 on the $ 682 deferred tax asset. | text | 682 | monetaryItemType | text: <entity> 682 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had $ 682 of net operating loss ("NOL") carryforwards that may be used in the future to reduce the amount otherwise required to be distributed by us to meet REIT requirements. The Company believes that it is more likely than not that the benefit from the deferred tax asset will not be realized. In recognition of this, the Company has provided a valuation allowance of $ 682 on the $ 682 deferred tax asset. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
As of December 31, 2024, the Company had $ 682 of net operating loss ("NOL") carryforwards that may be used in the future to reduce the amount otherwise required to be distributed by us to meet REIT requirements. The Company believes that it is more likely than not that the benefit from the deferred tax asset will not be realized. In recognition of this, the Company has provided a valuation allowance of $ 682 on the $ 682 deferred tax asset. | text | 682 | monetaryItemType | text: <entity> 682 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had $ 682 of net operating loss ("NOL") carryforwards that may be used in the future to reduce the amount otherwise required to be distributed by us to meet REIT requirements. The Company believes that it is more likely than not that the benefit from the deferred tax asset will not be realized. In recognition of this, the Company has provided a valuation allowance of $ 682 on the $ 682 deferred tax asset. </context> | us-gaap:DeferredTaxAssetsLiabilitiesNet |
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