Reserves for Losses and Loss Settlement Expenses (Tables)

9 Months Ended

Sep. 30, 2024

Summary of Changes in Property and Casualty Losses and Loss Settlement Expense Reserves

The following table provides an analysis of changes in our property and casualty losses and loss settlement expense reserves at September 30, 2024 and December 31, 2023 (net of reinsurance amounts):



	September 30, 2024		December 31, 2023
Gross liability for losses and loss settlement expenses at beginning of year	$	1,638,755	$	1,497,274
Ceded losses and loss settlement expenses	(191,640)		(146,875)
Net liability for losses and loss settlement expenses at beginning of year	$	1,447,115	$	1,350,399
Losses and loss settlement expenses incurred for claims occurring during
Current year	$	568,480	$	701,664
Prior years	(361)		67,750
Total incurred	$	568,119	$	769,414
Losses and loss settlement expense payments for claims occurring during
Current year	$	113,707	$	191,899
Prior years	314,090		480,800
Total paid	$	427,797	$	672,699
Net liability for losses and loss settlement expenses at end of period	$	1,587,437	$	1,447,115
Ceded losses and loss settlement expenses	207,504		191,640
Gross liability for losses and loss settlement expenses at end of period	$	1,794,941	$	1,638,755