Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2024

Insurance [Abstract]

Liability for Unpaid Losses and Loss Adjustment Expenses

Activity in the liability for losses and LAE is summarized as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2024			2023			2024			2023
Net balance, beginning of period*	$	273,425		$	246,051		$	254,351		$	246,546
Incurred, net of reinsurance, related to:
Current period		73,506			60,968			153,428			117,666
Prior periods		4,818			922			4,818			4,789
Total incurred, net of reinsurance		78,324			61,890			158,246			122,455
Paid, net of reinsurance, related to:
Current period		(31,771	)		(27,105	)		(49,560	)		(38,215	)
Prior periods		(28,193	)		(37,250	)		(71,252	)		(87,200	)
Total paid, net of reinsurance		(59,964	)		(64,355	)		(120,812	)		(125,415	)
Net balance, end of period		291,785			243,586			291,785			243,586
Add: reinsurance recoverable before allowance for            credit losses		279,861			505,369			279,861			505,369
Gross balance, end of period	$	571,646		$	748,955		$	571,646		$	748,955

* Net balance represents beginning-of-period liability for unpaid losses and LAE less beginning-of-period reinsurance recoverable for unpaid losses and LAE.