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Unpaid Losses and Settlement Expenses (Tables)
3 Months Ended
Mar. 31, 2022
Unpaid Losses and Settlement Expenses [Abstract]  
Reconciliation of Unpaid Losses and Settlement Expenses

 

For the Three-Months Ended

March 31,

(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

7,525

7,142

Prior years

2,670

661

Total incurred

10,195

7,803

Deduct: Loss and settlement expense payments for claims incurred:

Current year

1,389

1,288

Prior years

4,802

7,274

Total paid

6,191

8,562

Net unpaid losses and settlement expense - end of the period

51,318

47,797

Plus: Reinsurance recoverable on unpaid losses

16,089

14,011

Gross unpaid losses and settlement expense - end of the period

$

67,407

$

61,808