Reserves for Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2024

Insurance [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

The following table presents a reconciliation of reserves for losses and loss adjustment expenses for the six months ended June 30, 2024 and June 30, 2023:

	June 30, 2024		June 30, 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	540.6		322.4
Prior years	(135.6)		(4.5)
Total incurred	405.0		317.9
Net losses and loss adjustment expenses paid in respect of losses occurring in:
Current year	(18.2)		(32.9)
Prior years	(165.6)		(145.0)
Total paid	(183.8)		(177.9)
Foreign exchange	(13.6)		6.2
Net reserves for losses and loss adjustment expenses, end of period	1,547.9		1,215.3
Reinsurance recoverable on reserves for losses and loss adjustment expenses	1,154.8		1,019.7
Reserves for losses and loss adjustment expenses, end of period	$	2,702.7	$	2,235.0