Loss Reserves (Tables)

3 Months Ended

Mar. 31, 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 three months ended March 31, 2022 and 2021:

	Three Months Ended March 31,
	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		47,965			50,937
Prior accident years		(10,224	)		(11,420	)
Total incurred		37,741			39,517
Less paid related to:
Current accident year		2,850			2,361
Prior accident years		47,063			42,920
Total paid		49,913			45,281
Net balance, end of period		613,840			649,090
Add amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		114,718			110,668
Balance, end of period	$	728,558		$	759,758

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, 2022 and 2021.

	Three Months Ended March 31,
	2022			2021
	(in thousands)
Balance, beginning of period	$	440		$	452
Provision for credit loss benefit		(52	)		—
Balance, end of period	$	388		$	452