Unpaid Loss and Loss Adjustment Expense (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2020

Dec. 31, 2019

Unpaid Loss and Loss Adjustment Expense

Activity in the liability for unpaid loss and LAE

The following table presents the activity in the liability for unpaid loss and loss adjustment expense ("LAE") for the nine months ended September 30, 2020 and 2019 ($ in millions):

	Nine Months Ended September 30,
	2020		2019
Unpaid loss and LAE at beginning of period	$	28.2	$	13.1
Less: Reinsurance recoverable at beginning of period (1)		18.5		11.3
Net unpaid loss and LAE at beginning of period		9.7		1.8
Add: Incurred loss and LAE, net of reinsurance, related to:
Current year		44.1		32.2
Prior years		1.3		(1.8)
Total incurred		45.4		30.4
Deduct: Paid loss and LAE, net of reinsurance, related to:
Current year		36.4		36.0
Prior years		11.0		(12.0)
Total paid		47.4		24.0
Unpaid loss and LAE, net of reinsurance recoverable, at end of period		7.7		8.2
Reinsurance recoverable at end of period (1)		32.0		16.4
Unpaid loss and LAE, gross of reinsurance recoverable, at end of period	$	39.7	$	24.6

(1) Reinsurance recoverable in this table includes only ceded unpaid loss and LAE

The following table presents the activity in the liability for unpaid loss and LAE in 2018 and 2019 ($ in millions):

	December 31,
	2018		2019
Unpaid loss and LAE as of January 1	$	2.1	$	13.1
Less: Reinsurance recoverable(1)		2.0		11.3
Net unpaid loss and LAE as of January 1		0.1		1.8
Add: Incurred losses and LAE, net of reinsurance, related to:
Current year		15.2		47.3
Prior years		—		(1.5)
Total incurred		15.2		45.8
Deduct: Paid losses and LAE, net of reinsurance, related to:
Current year		13.4		37.7
Prior years		0.1		0.2
Total paid		13.5		37.9
Unpaid loss and LAE, net of reinsurance recoverable, as of December 31		1.8		9.7
Reinsurance recoverable as of December 31(1)		11.3		18.5
Unpaid loss and LAE, gross of reinsurance recoverable, as of December 31	$	13.1	$	28.2

(1) Reinsurance recoverable in this table includes only ceded unpaid loss and LAE