Unpaid Loss and Loss Adjustment Expense (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 2023 and 2022 ($ in millions):


	Six Months Ended June 30,
	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	140.8		53.7
Prior years	(1.3)		(1.2)
Total incurred	139.5		52.5
Deduct: Paid loss and LAE, net of reinsurance, related to:
Current year	75.0		30.0
Prior years	59.7		14.4
Total paid	134.7		44.4

Unpaid loss and LAE, net of reinsurance recoverable, at end of period	136.4		33.4
Reinsurance recoverable at end of period (1)	119.2		89.5
Unpaid loss and LAE, gross of reinsurance recoverable, at end of period	$	255.6	$	122.9

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