Loss Reserves (Tables)

3 Months Ended

Mar. 31, 2023

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 three months ended March 31, 2023 and 2022:

	Three Months Ended March 31,
	2023			2022
	(in thousands)
Balance, beginning of period	$	696,037		$	745,278
Less amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		112,555			119,266
Net balance, beginning of period		583,482			626,012
Add incurred related to:
Current accident year		49,119			47,965
Prior accident years		(10,110	)		(10,224	)
Total incurred		39,009			37,741
Less paid related to:
Current accident year		2,603			2,850
Prior accident years		44,249			47,063
Total paid		46,852			49,913
Net balance, end of period		575,639			613,840
Add amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		111,013			114,718
Balance, end of period	$	686,652		$	728,558

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 months ended March 31, 2023 and 2022.

	Three Months Ended
	March 31,
	2023			2022
	(in thousands)
Balance, beginning of period	$	372		$	440
Provision for credit loss benefit		(44	)		(52	)
Balance, end of period	$	328		$	388