Unpaid Loss and Loss Adjustment Expense (Tables)

3 Months Ended

Mar. 31, 2022

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 three months ended March 31, 2022 and 2021 ($ in millions):


	Three Months Ended March 31,
	2022		2021
Unpaid loss and LAE at beginning of period	$	97.9	$	46.3
Less: Reinsurance recoverable at beginning of period (1)	72.7		36.3
Net unpaid loss and LAE at beginning of period	25.2		10.0
Add: Incurred loss and LAE, net of reinsurance, related to:
Current year	24.8		16.7
Prior years	(0.4)		(0.2)
Total incurred	24.4		16.5
Deduct: Paid loss and LAE, net of reinsurance, related to:
Current year	10.6		8.3
Prior years	10.8		3.9
Total paid	21.4		12.2
Unpaid loss and LAE, net of reinsurance recoverable, at end of period	28.2		14.3
Reinsurance recoverable at end of period (1)	79.4		47.9
Unpaid loss and LAE, gross of reinsurance recoverable, at end of period	$	107.6	$	62.2

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