Note 6 - Unpaid Losses and Settlement Expenses (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

	For the Three-Months Ended
	September 30,
(In thousands)	2022		2021
Unpaid losses and settlement expense - beginning of the period:
Gross	$	70,381	$	63,858
Less: Ceded		15,527		15,918
Net		54,854		47,940
Increase in incurred losses and settlement expense:
Current year		9,825		8,582
Prior years		562		233
Total incurred		10,387		8,815
Deduct: Loss and settlement expense payments for claims incurred:
Current year		5,758		5,384
Prior years		5,620		4,557
Total paid		11,378		9,941
Net unpaid losses and settlement expense - end of the period		53,862		46,815
Plus: Reinsurance recoverable on unpaid losses		14,768		14,476
Gross unpaid losses and settlement expense - end of the period	$	68,630	$	61,291

	For the Nine-Months Ended
	September 30,
(In thousands)	2022		2021
Unpaid losses and settlement expense - beginning of the period:
Gross	$	61,835	$	61,576
Less: Ceded		14,521		13,020
Net		47,314		48,556
Increase in incurred losses and settlement expense:
Current year		29,309		23,818
Prior years		5,081		1,464
Total incurred		34,390		25,282
Deduct: Loss and settlement expense payments for claims incurred:
Current year		11,752		10,195
Prior years		16,089		16,829
Total paid		27,841		27,024
Net unpaid losses and settlement expense - end of the period		53,862		46,815
Plus: Reinsurance recoverable on unpaid losses		14,768		14,476
Gross unpaid losses and settlement expense - end of the period	$	68,630	$	61,291