Unpaid Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2022

Insurance Loss Reserves [Abstract]

Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense

The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands):

	Three months ended March 31,
	2022			2021
Gross reserves - beginning of period	$	139,085		$	111,270
Less: reinsurance recoverables on unpaid losses		(40,344	)		(24,218	)
Net reserves - beginning of period		98,741			87,052
Add: incurred losses and LAE, net of reinsurance:
Current period		12,497			13,584
Prior period		5,521			5,778
Total net incurred losses and LAE		18,018			19,362
Deduct: loss and LAE payments, net of reinsurance:
Current period		2,512			3,180
Prior period		13,914			11,117
Total net loss and LAE payments		16,426			14,297
Net reserves - end of period		100,333			92,117
Plus: reinsurance recoverables on unpaid losses		40,605			26,559
Gross reserves - end of period	$	140,938		$	118,676