Note 6 - Unpaid Losses and Settlement Expenses (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

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

	For the Three-Months Ended
	March 31,
(In thousands)	2023			2022
Unpaid losses and settlement expense - beginning of the period:
Gross	$	67,614		$	61,835
Less: Ceded		13,610			14,521
Net		54,004			47,314
Increase in incurred losses and settlement expense:
Current year		11,072			7,525
Prior years		(24	)		2,670
Total incurred		11,048			10,195
Deduct: Loss and settlement expense payments for claims incurred:
Current year		1,158			1,389
Prior years		5,487			4,802
Total paid		6,645			6,191
Net unpaid losses and settlement expense - end of the period		58,407			51,318
Plus: Reinsurance recoverable on unpaid losses		14,356			16,089
Plus: CECL allowance for reinsurance recoverable on unpaid losses		104			—
Gross unpaid losses and settlement expense - end of the period	$	72,867		$	67,407