Loss Reserves (Tables)

9 Months Ended

Sep. 30, 2022

Insurance [Abstract]

Liability for Unpaid Loss and Loss Adjustment Expenses, Net of Related Amounts Recoverable from Reinsurers

The following table provides the Company’s liability for unpaid loss and loss adjustment expenses, net of related amounts recoverable from reinsurers, for the nine months ended September 30, 2022 and 2021:

	Nine Months Ended September 30,
	2022			2021
	(in thousands)
Balance, beginning of period	$	745,278		$	760,561
Less amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		119,266			105,707
Net balance, beginning of period		626,012			654,854
Add incurred related to:
Current accident year		145,993			149,947
Prior accident years		(30,201	)		(48,346	)
Total incurred		115,792			101,601
Less paid related to:
Current accident year		30,566			30,023
Prior accident years		111,968			112,535
Total paid		142,534			142,558
Net balance, end of period		599,270			613,897
Add amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		116,926			106,892
Balance, end of period	$	716,196		$	720,789

Change in Allowance for Credit Losses on Amounts Recoverable from Reinsurers

The table below presents the change in the allowance for credit losses on amounts recoverable from reinsurers for the three and nine months ended September 30, 2022 and 2021.

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2022		2021			2022			2021
	(in thousands)
Balance, beginning of period	$	369	$	449		$	440		$	452
Provision for credit loss expense (benefit)		35		(60	)		(36	)		(63	)
Balance, end of period	$	404	$	389		$	404		$	389