XML 38 R29.htm IDEA: XBRL DOCUMENT v3.23.1
Allowance for Credit Losses (Tables)
3 Months Ended
Mar. 31, 2023
Credit Loss [Abstract]  
Premium Receivable, Allowance for Credit Loss
The following table sets forth the changes in the allowance for expected credit losses for the three months ended March 31, 2023.
($ in thousands)Allowance for Credit Losses
Balance at December 31, 2022$629 
Cumulative effect of adoption of ASU 2016-13 at January 1, 2023 
Current period change for estimated uncollectible premiums409 
Write-offs of uncollectible premiums receivable(56)
Balance at March 31, 2023$982 
Reinsurance Recoverable, Credit Quality Indicator A summary of the Company’s reinsurance recoverables net of credit enhancements by A.M. Best rating as of March 31, 2023 was as follows:
A.M. Best RatingMarch 31, 2023
A- and above98.5 %
B++ to B+1.4 
Not rated0.1 
Reinsurance Recoverable, Allowance for Credit Loss The following table sets forth the changes in the allowance for estimated uncollectible reinsurance for the three months ended March 31, 2023:
($ in thousands)Allowance for Credit Losses
Balance at December 31, 2022$ 
Cumulative effect of adoption of ASU 2016-13 at January 1, 20232,295 
Current period change for estimated uncollectible reinsurance 
Balance at March 31, 2023$2,295