Unpaid Loss and Loss Adjustment Expense (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023 and 2022 ($ in millions):


	Three Months Ended March 31,
	2023		2022
Unpaid loss and LAE at beginning of period	$	256.2	$	97.9
Less: Reinsurance recoverable at beginning of period (1)	124.6		72.7
Net unpaid loss and LAE at beginning of period	131.6		25.2
Add: Incurred loss and LAE, net of reinsurance, related to:
Current year	57.9		24.8
Prior years	5.7		(0.4)
Total incurred	63.6		24.4
Deduct: Paid loss and LAE, net of reinsurance, related to:
Current year	26.9		10.6
Prior years	39.5		10.8
Total paid	66.4		21.4

Unpaid loss and LAE, net of reinsurance recoverable, at end of period	128.8		28.2
Reinsurance recoverable at end of period (1)	116.4		79.4
Unpaid loss and LAE, gross of reinsurance recoverable, at end of period	$	245.2	$	107.6

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