Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

The following table sets forth the reconciliation of unpaid losses and loss adjustment expenses as reported in the condensed consolidated balance sheets as of and for the three months ended March 31, 2023 and 2022:



($ in thousands)	2023		2022
Reserves for losses and LAE, beginning of period	$	1,141,757	$	979,549
Less: reinsurance recoverable on unpaid claims, beginning of period	(435,986)		(381,338)
Reserves for losses and LAE, beginning of period, net of reinsurance	705,771		598,211
Incurred, net of reinsurance, related to:
Current period	115,142		89,989
Prior years	—		—
Total incurred, net of reinsurance	115,142		89,989
Paid, net of reinsurance, related to:
Current period	8,744		10,605
Prior years	68,745		62,959
Total paid	77,489		73,564
Net reserves for losses and LAE, end of period	743,424		614,636
Plus: reinsurance recoverable on unpaid claims, end of period	429,752		385,146
Reserves for losses and LAE, end of period	$	1,173,176	$	999,782