Unpaid Loss and Loss Adjustment Expense (Tables)

9 Months Ended

Sep. 30, 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 nine months ended September 30, 2022 and 2021 ($ in millions):


	Nine Months Ended September 30,
	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	106.9		47.3
Prior years	(1.1)		(0.3)
Total incurred	105.8		47.0
Deduct: Paid loss and LAE, net of reinsurance, related to:
Current year	65.9		32.3
Prior years	21.9		6.3
Total paid	87.8		38.6
Unpaid loss and LAE, net of reinsurance recoverable acquired from Metromile	68.1		—
Unpaid loss and LAE, net of reinsurance recoverable, at end of period	111.3		18.4
Reinsurance recoverable at end of period (1)	109.3		55.6
Unpaid loss and LAE, gross of reinsurance recoverable, at end of period	$	220.6	$	74.0

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