Unpaid Loss and Loss Adjustment Expense (Tables)

9 Months Ended

Sep. 30, 2023

Insurance [Abstract]

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, 2023 and 2022 ($ in millions):

	September 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	219.0		106.9
Prior years	(3.6)		(1.1)
Total incurred	215.4		105.8
Deduct: Paid loss and LAE, net of reinsurance, related to:
Current year	133.4		65.9
Prior years	71.6		21.9
Total paid	205.0		87.8
Unpaid loss and LAE, net of reinsurance recoverable, at end of period	142.0		111.3
Reinsurance recoverable at end of period (1)	113.1		109.3
Unpaid loss and LAE, gross of reinsurance recoverable, at end of period	$	255.1	$	220.6

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