Unpaid Loss and Loss Adjustment Expense ("LAE") (Tables)

6 Months Ended

Jun. 30, 2020

The following table presents the activity in the liability for unpaid loss and LAE in the six months ended June 30, 2020 and 2019 ($ in millions):


	Six Months Ended June 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	33.5		15.4
Prior years	5.2		2.4
Total incurred	38.7		17.8
Deduct: Paid loss and LAE, net of reinsurance, related to:
Current year	24.4		11.6
Prior years	13.2		4.2
Total paid	37.6		15.8
Unpaid loss and LAE, net of reinsurance recoverable, at end of period	10.8		3.8
Reinsurance recoverable at end of period ⁽¹⁾	24.5		16.9
Unpaid loss and LAE, gross of reinsurance recoverable, at end of period	$	35.3	$	20.7

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