Reserves for Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2024

The following table presents a reconciliation of reserves for losses and loss adjustment expenses for the three months ended March 31, 2024 and 2023:


	March 31, 2024		March 31, 2023
Reserves for losses and loss adjustment expenses, beginning of period	$	2,448.9	$	2,045.2
Reinsurance recoverable on reserves for losses and loss adjustment expenses	(1,108.6)		(976.1)
Net reserves for losses and loss adjustment expenses, beginning of period	1,340.3		1,069.1
Net losses and loss adjustment expenses incurred in respect of losses occurring in:
Current year	249.3		161.7
Prior years	(67.0)		(2.1)
Total incurred	182.3		159.6
Net losses and loss adjustment expenses paid in respect of losses occurring in:
Current year	(6.0)		(2.2)
Prior years	(101.3)		(48.6)
Total paid	(107.3)		(50.8)
Foreign exchange	(9.4)		4.3
Net reserves for losses and loss adjustment expenses, end of period	1,405.9		1,182.2
Reinsurance recoverable on reserves for losses and loss adjustment expenses	1,135.2		1,032.8
Reserves for losses and loss adjustment expenses, end of period	$	2,541.1	$	2,215.0