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Reserve for Losses and Loss Adjustment Expenses (Tables)
6 Months Ended
Jun. 30, 2023
Liability for Claims and Claims Adjustment Expense [Abstract]  
Schedule of Reconciliation of Beginning and Ending Reserve Balances for Losses and Loss Adjustment Expenses
The following table provides a reconciliation of the beginning and ending reserve balances for losses and loss adjustment expenses, net of reinsurance, to the gross amounts reported in the condensed consolidated balance sheets. Reinsurance recoverables on unpaid losses and loss adjustment expenses are presented gross of an allowance for credit losses on reinsurance balances of $670,000 at June 30, 2023, $661,000 at March 31, 2023, $612,000 at December 31, 2022, $601,000 at June 30, 2022, $604,000 at March 31, 2022, and $631,000 at December 31, 2021.
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2023202220232022
 (in thousands)
Reserve for losses and loss adjustment expenses net of reinsurance recoverables at beginning of period$1,299,835 $1,131,700 $1,248,270 $1,399,214 
Add: Incurred losses and loss adjustment expenses net of reinsurance:    
Current year138,402 122,945 275,465 251,749 
Prior years - retroactive reinsurance618 — 17,481 — 
Prior years - excluding retroactive reinsurance2,288 (1,576)3,650 5,228 
Total incurred losses and loss and adjustment expenses141,308 121,369 296,596 256,977 
Deduct: Loss and loss adjustment expense payments net of reinsurance:   
Current year5,859 6,832 8,711 9,606 
Prior years95,693 92,765 179,701 193,620 
Total loss and loss adjustment expense payments101,552 99,597 188,412 203,226 
Deduct: Change in deferred reinsurance gain - retroactive reinsurance618 — 17,481 — 
Deduct: Loss reserves ceded in Casualty Re LPT— — — 299,493 
Add: Changes in reinsurance recoverable of Casualty Re LPT unrelated to net reserve activity— 5,673 — 5,673 
Reserve for losses and loss adjustment expenses net of reinsurance recoverables at end of period1,338,973 1,159,145 1,338,973 1,159,145 
Add: Reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period1,546,406 1,571,486 1,546,406 1,571,486 
Reserve for losses and loss adjustment expenses gross of reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period$2,885,379 $2,730,631 $2,885,379 $2,730,631