Reserve for Unpaid Losses (Tables)

6 Months Ended

Jun. 30, 2022

Insurance [Abstract]

Summary of Reserve for Unpaid Losses

The table below summarizes the activity related to the Company’s reserve for unpaid losses:

	Three Months Ended June 30,					Six Months Ended June 30,
	2022		2021			2022		2021
	(In thousands)
Balance, beginning of period	$	588,420	$	637,882		$	590,166	$	659,341
Less: reinsurance recoverable on unpaid losses		276,737		366,412			301,757		397,688
Net balance, beginning of period		311,683		271,470			288,409		261,653
Incurred related to:
Current year		101,441		101,445			239,065		200,949
Prior years		81		(611	)		2,495		(2,206	)
Total incurred		101,522		100,834			241,560		198,743
Paid related to:
Current year		59,713		69,795			99,341		95,621
Prior years		34,822		43,409			111,958		105,675
Total paid		94,535		113,204			211,299		201,296
Net balance, end of period		318,670		259,100			318,670		259,100
Plus: reinsurance recoverable on unpaid losses		235,239		366,879			235,239		366,879
Balance, end of period	$	553,909	$	625,979		$	553,909	$	625,979