Loss and Loss Adjustment Expense Reserves (Tables)

12 Months Ended

Dec. 31, 2022

Loss and Loss Adjustment Expense Reserves

Schedule of reconciliation of beginning and ending reserves for losses and loss adjustment expenses (LAE)

	Year Ended December 31,
	2022		2021			2020
Reserves for losses and LAE at beginning of year	$	570,651	$	567,581	$	610,566
Less receivable from reinsurers related to unpaid losses and LAE		(90,667)		(106,311)		(122,372)
Net reserves for losses and LAE at beginning of year		479,984		461,270		488,194
Incurred losses and LAE, related to:
Current year		549,258		515,400		459,400
Prior years		(57,279)		(53,673)		(54,844)
Total incurred losses and LAE		491,979		461,727		404,556
Paid losses and LAE related to:
Current year		342,971		310,116		277,754
Prior years		172,788		132,897		153,726
Total paid losses and LAE		515,759		443,013		431,480
Net reserves for losses and LAE at end of period		456,204		479,984		461,270
Plus receivable from reinsurers related to unpaid losses and LAE		93,394		90,667		106,311
Reserves for losses and LAE at end of period	$	549,598	$	570,651	$	567,581

Schedule of incurred and paid claims development

Private Passenger Automobile Liability
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance											As of December 31, 2022
		For the Years Ended December 31,									Total of Incurred-but-Not-Reported Liabilities Plus Expected Development of Reported Claims	Cumulative Number of Reported Claims
Accident Year	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
	(Unaudited)
2013	$ 183,367	$ 183,517	$ 183,264	$ 181,492	$ 179,167	$ 176,713	$ 175,684	$ 175,718	$ 175,362	$ 175,374	($ 84)	54,248
2014		187,305	187,104	186,798	183,119	181,312	179,251	179,267	179,268	179,264	(336)	52,787
2015			190,036	190,236	188,317	184,477	181,299	179,451	179,248	178,951	(204)	52,980
2016				192,912	192,318	185,009	180,486	177,009	176,600	176,700	(392)	49,386
2017					185,673	184,429	182,068	177,941	177,320	176,564	(1,723)	46,257
2018						176,411	175,222	170,447	168,185	166,046	(3,040)	43,085
2019							176,171	174,439	170,477	166,940	(4,648)	40,564
2020								130,335	125,888	120,060	(5,880)	26,172
2021									146,997	147,391	(18,015)	29,994
2022										157,921	2,617	27,388
									Total	$ 1,645,211

Private Passenger Automobile Liability
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
		For the Years Ended December 31,
Accident Year	2013	2014	2015	2016		2017	2018	2019	2020	2021	2022
	(Unaudited)
2013	$ 79,049	$ 135,031	$ 152,472	$ 163,694		$ 169,634	$ 172,736	$ 173,890	$ 174,574	$ 174,639	$ 174,858
2014		79,151	136,434	156,693		166,815	173,163	176,616	177,360	177,968	178,324
2015			76,934	138,255		156,483	168,641	173,816	176,652	177,782	178,357
2016				78,862		137,917	154,964	167,458	171,865	174,410	175,803
2017						77,519	133,037	153,675	164,467	169,024	172,362
2018							72,895	126,456	143,656	154,169	159,066
2019								72,219	127,910	143,570	154,633
2020									52,962	88,037	102,601
2021										56,826	111,516
2022											61,227
										Total	$ 1,468,747
					All outstanding liabilities before 2013, net of reinsurance						346
			Liabilities for claims and claim adjustment expenses, net of reinsurance								$ 176,810

Private Passenger Automobile Physical Damage
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance											As of December 31, 2022
		For the Years Ended December 31,									Total of Incurred-but-Not-Reported Liabilities Plus Expected Development of Reported Claims	Cumulative Number of Reported Claims
Accident Year	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
	(Unaudited)
2013	$ 114,389	$ 114,239	$ 113,034	$ 112,197	$ 112,096	$ 112,060	$ 112,029	$ 112,003	$ 111,989	$ 111,970	$ -	131,703
2014		123,421	123,622	122,410	122,327	122,341	122,213	122,188	122,182	122,163	-	135,006
2015			140,219	136,661	134,101	133,737	133,581	133,530	133,523	133,552	(3)	144,276
2016				129,528	124,922	122,116	121,717	121,543	121,570	121,615	(5)	126,091
2017					128,340	126,304	124,128	123,715	123,777	123,779	(35)	124,026
2018						129,450	130,145	128,426	128,090	128,003	(63)	119,760
2019							128,698	126,648	124,332	123,858	(116)	117,022
2020								98,546	97,244	97,644	(451)	81,852
2021									122,943	122,549	(1,379)	89,521
2022										141,041	(23,926)	92,198
									Total	$ 1,226,174

Private Passenger Automobile Physical Damage
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
		For the Years Ended December 31,
Accident Year	2013	2014	2015	2016		2017	2018	2019	2020	2021	2022
	(Unaudited)
2013	$ 120,843	$ 115,904	$ 112,894	$ 112,162		$ 112,085	$ 112,060	$ 112,029	$ 112,003	$ 111,988	$ 111,970
2014		130,732	126,414	122,668		122,402	122,350	122,251	122,216	122,189	122,163
2015			143,532	136,760		134,066	133,701	133,639	133,596	133,575	133,555
2016				133,530		124,298	122,023	121,795	121,660	121,634	121,618
2017						132,409	126,822	124,286	123,844	123,839	123,795
2018							138,036	132,591	128,624	128,154	128,054
2019								134,429	128,173	124,467	123,974
2020									102,764	98,819	98,083
2021										123,636	123,847
2022											142,002
										Total	$ 1,229,061
					All outstanding liabilities before 2013, net of reinsurance						-
			Liabilities for claims and claim adjustment expenses, net of reinsurance								($ 2,887)

Commercial Automobile Liability
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance											As of December 31, 2022
		For the Years Ended December 31,									Total of Incurred-but-Not-Reported Liabilities Plus Expected Development of Reported Claims	Cumulative Number of Reported Claims
Accident Year	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
	(Unaudited)
2013	$ 29,175	$ 29,541	$ 28,377	$ 26,864	$ 26,310	$ 25,986	$ 25,443	$ 25,353	$ 25,140	$ 25,052	$ 1	5,784
2014		34,117	34,105	34,376	33,914	32,948	32,438	32,200	32,052	32,313	2	6,086
2015			35,371	36,150	36,610	37,730	38,015	38,257	37,995	37,630	(62)	7,212
2016				37,954	39,416	40,947	40,916	40,679	40,996	40,767	56	6,457
2017					42,865	41,373	41,055	39,369	39,232	38,185	(6)	6,134
2018						41,347	40,115	38,589	37,322	36,014	107	5,744
2019							51,679	49,163	48,783	46,964	666	5,682
2020								35,010	31,930	30,869	2,867	3,463
2021									41,814	39,564	229	4,260
2022										43,496	12,054	3,893
									Total	$ 370,854

Commercial Automobile Liability
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
		For the Years Ended December 31,
Accident Year	2013	2014	2015	2016		2017	2018	2019	2020	2021	2022
	(Unaudited)
2013	$ 8,502	$ 17,079	$ 19,625	$ 21,129		$ 22,434	$ 23,867	$ 24,507	$ 24,732	$ 24,789	$ 24,799
2014		9,426	17,853	21,968		25,253	27,886	30,420	31,298	31,451	32,085
2015			11,181	21,700		26,018	29,804	31,537	33,416	34,976	35,302
2016				9,991		19,902	25,711	32,274	36,237	38,275	39,233
2017						10,407	20,106	24,409	28,721	31,389	33,569
2018							9,704	18,499	23,544	26,774	29,336
2019								12,113	22,480	28,373	36,048
2020									7,025	13,166	16,268
2021										7,883	17,925
2022											10,941
										Total	$ 275,506
					All outstanding liabilities before 2013, net of reinsurance						-
			Liabilities for claims and claim adjustment expenses, net of reinsurance								$ 95,348

Commercial Automobile Physical Damage
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance											As of December 31, 2022
		For the Years Ended December 31,									Total of Incurred-but-Not-Reported Liabilities Plus Expected Development of Reported Claims	Cumulative Number of Reported Claims
Accident Year	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
	(Unaudited)
2013	$ 13,666	$ 13,567	$ 13,298	$ 13,180	$ 13,057	$ 13,047	$ 13,071	$ 13,057	$ 13,057	$ 13,055	$ -	12,298
2014		17,426	16,925	15,455	15,419	15,353	15,381	15,373	15,376	15,376	-	13,545
2015			20,223	19,047	19,021	18,974	18,641	18,535	18,525	18,523	-	15,468
2016				20,216	18,506	17,909	17,808	17,725	17,713	17,721	1	13,593
2017					19,691	19,200	19,021	18,834	18,780	18,774	2	13,113
2018						21,230	19,937	19,270	19,210	19,196	2	12,907
2019							20,039	19,652	18,956	18,685	0	12,757
2020								16,507	16,334	16,606	198	9,620
2021									20,156	21,524	(124)	11,494
2022										27,459	(345)	12,118
									Total	$ 186,919

Commercial Automobile Physical Damage
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
		For the Years Ended December 31,
Accident Year	2013	2014	2015	2016		2017	2018	2019	2020	2021	2022
	(Unaudited)
2013	$ 12,665	$ 13,378	$ 13,114	$ 13,074		$ 13,065	$ 13,060	$ 13,066	$ 13,057	$ 13,057	$ 13,055
2014		15,377	15,862	15,424		15,388	15,381	15,376	15,373	15,376	15,376
2015			17,787	18,910		18,667	18,549	18,541	18,530	18,525	18,523
2016				17,228		18,143	17,763	17,712	17,709	17,712	17,721
2017						17,957	19,336	18,915	18,787	18,786	18,772
2018							18,842	19,842	19,236	19,208	19,194
2019								18,128	19,161	18,752	18,681
2020									15,550	16,596	16,407
2021										18,610	21,620
2022											24,381
										Total	$ 183,730
					All outstanding liabilities before 2013, net of reinsurance						-
			Liabilities for claims and claim adjustment expenses, net of reinsurance								$ 3,189

Homeowners Liability
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance											As of December 31, 2022
		For the Years Ended December 31,									Total of Incurred-but-Not-Reported Liabilities Plus Expected Development of Reported Claims	Cumulative Number of Reported Claims
Accident Year	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
	(Unaudited)
2013	$ 9,768	$ 9,768	$ 9,337	$ 7,578	$ 5,978	$ 5,312	$ 5,147	$ 5,147	$ 5,167	$ 5,096	$ -	265
2014		11,494	11,494	9,738	7,388	7,120	6,984	6,984	6,818	6,620	-	261
2015			12,965	12,555	9,908	9,201	9,201	9,201	8,172	7,582	117	288
2016				10,594	10,594	10,594	9,847	9,491	9,491	8,873	151	277
2017					11,276	10,058	9,328	8,585	7,819	7,053	267	269
2018						9,951	9,951	9,951	9,768	8,616	375	254
2019							14,130	13,848	11,949	11,371	396	261
2020								14,664	13,708	11,025	700	222
2021									12,797	12,797	(1,094)	210
2022										12,973	4,724	173
									Total	$ 92,006

Homeowners Liability
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
		For the Years Ended December 31,
Accident Year	2013	2014	2015	2016		2017	2018	2019	2020	2021	2022
	(Unaudited)
2013	$ 527	$ 2,337	$ 3,080	$ 3,493		$ 3,829	$ 4,038	$ 4,209	$ 4,247	$ 4,255	$ 4,267
2014		340	1,834	3,212		4,200	4,828	6,315	6,368	6,419	6,419
2015			428	3,319		4,267	5,205	6,445	7,022	7,215	7,302
2016				647		2,669	4,257	5,387	6,300	7,128	7,628
2017						305	1,676	2,913	3,593	4,217	4,765
2018							551	2,039	3,972	4,597	5,664
2019								1,634	3,343	5,183	6,038
2020									220	3,254	3,845
2021										218	3,388
2022											450
										Total	$ 49,766
					All outstanding liabilities before 2013, net of reinsurance						-
			Liabilities for claims and claim adjustment expenses, net of reinsurance								$ 42,240

Homeowners Property Damage
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance											As of December 31, 2022
		For the Years Ended December 31,									Total of Incurred-but-Not-Reported Liabilities Plus Expected Development of Reported Claims	Cumulative Number of Reported Claims
Accident Year	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
	(Unaudited)
2013	$ 56,298	$ 56,199	$ 55,722	$ 52,464	$ 51,077	$ 49,973	$ 49,463	$ 49,456	$ 49,455	$ 49,453	$ 126	5,698
2014		59,160	60,213	59,751	57,331	55,127	54,607	54,602	54,560	54,556	251	6,077
2015			152,586	152,049	162,377	162,788	162,722	162,354	162,244	162,244	462	20,076
2016				67,116	66,442	64,208	61,262	60,019	59,898	59,857	312	5,421
2017					80,736	76,560	70,689	68,737	67,530	67,388	385	6,011
2018						83,443	82,581	77,970	74,989	73,996	461	8,239
2019							77,976	73,697	68,769	65,624	705	5,452
2020								80,093	76,638	72,622	344	6,108
2021									75,696	75,011	(8,085)	6,335
2022										72,523	(4,404)	4,770
									Total	$ 753,274

Homeowners Property Damage
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
		For the Years Ended December 31,
Accident Year	2013	2014	2015	2016		2017	2018	2019	2020	2021	2022
	(Unaudited)
2013	$ 38,661	$ 48,456	$ 49,702	$ 49,612		$ 49,653	$ 49,620	$ 49,328	$ 49,327	$ 49,327	$ 49,328
2014		40,409	52,161	54,088		54,224	54,262	54,274	54,306	54,305	54,306
2015			112,563	145,337		160,572	161,745	161,773	161,850	161,783	161,781
2016				44,103		57,238	59,155	59,449	59,403	59,428	59,493
2017						46,366	64,401	66,181	66,892	66,765	66,826
2018							57,704	70,959	72,078	73,119	73,307
2019								49,121	61,905	63,536	64,427
2020									50,304	65,927	68,706
2021										51,390	67,998
2022											48,906
										Total	$ 715,078
					All outstanding liabilities before 2013, net of reinsurance						1,030
			Liabilities for claims and claim adjustment expenses, net of reinsurance								$ 39,226

Schedule of unaudited supplementary information related to incurred and paid claims development

Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (Unaudited)
Years	1	2	3	4	5	6	7	8	9	10
Private Passenger Automobile Liability	43.0%	32.8%	10.5%	6.4%	3.0%	1.7%	0.6%	0.3%	0.1%	0.1%
Private Passenger Automobile Physical Damage	106.2%	(4.3)%	(2.4)%	(0.3)%	(0.1)%	0.0%	0.0%	0.0%	0.0%	0.0%
Commercial Automobile Liability	26.2%	25.2%	12.2%	11.8%	7.1%	5.8%	3.0%	0.7%	1.2%	0.0%
Commercial Automobile Physical Damage	94.4%	6.7%	(2.1)%	(0.4)%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Homeowners Liability	5.8%	24.0%	15.5%	10.2%	11.0%	10.4%	3.2%	0.9%	0.1%	0.3%
Homeowners Property Damage	71.6%	21.1%	4.6%	0.8%	0.0%	0.0%	(0.1)%	0.0%	0.0%	0.0%

Schedule of reconciliation of the disclosure of Incurred and Paid Claims Development to the Liability for Unpaid claims and Claims Adjustment Expenses

Reconciliation of the Disclosure of Incurred and Paid Claims Development to the Liability for Unpaid claims and Claim Adjustment Expenses
		December 31, 2022
Net outstanding liabilities
Private Passenger Automobile Liability	$	176,810
Private Passenger Automobile Physical Damage		(2,887)
Commercial Automobile Liability		95,348
Commercial Automobile Physical Damage		3,189
Homeowners Liability		42,240
Homeowners Property Damage		39,226
Other Short-Duration Insurance Lines		72,813
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	$	426,739
Reinsurance recoverable on unpaid claims
Private Passenger Automobile Liability	$	120
Private Passenger Automobile Physical Damage		-
Commercial Automobile Liability		86,788
Commercial Automobile Physical Damage		2,836
Homeowners Liability		-
Homeowners Property Damage		3,270
Other Short-Duration Insurance Lines		380
Total reinsurance recoverable on unpaid claims	$	93,394
Unallocated claims adjustment expenses		29,465
Total gross liability for unpaid claims and claim adjustment expenses	$	549,598