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Reserve for Losses and Loss Adjustment Expenses (Tables)
6 Months Ended
Jun. 30, 2022
Reserve for Losses and Loss Adjustment Expenses  
Schedule of reconciliation of changes in the ending reserve balances for losses and loss adjustment expenses ("LAE")

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Three Months Ended June 30, 

 

Six Months Ended June 30, 

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2022

    

2021

 

2022

    

2021

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(in thousands)

 

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(in thousands)

Reserve for losses and LAE net of reinsurance recoverables at beginning of period

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$

51,386

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$

19,016

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$

45,419

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$

34,470

Add: Incurred losses and LAE, net of reinsurance, related to:

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Current year

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14,350

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7,612

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27,799

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​

5,916

Prior years

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48

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(377)

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1,552

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(3,103)

Total incurred

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14,398

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7,235

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29,351

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2,813

Deduct: Loss and LAE payments, net of reinsurance, related to:

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Current year

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4,399

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(1,060)

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5,889

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620

Prior years

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5,615

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3,678

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13,112

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13,030

Total payments

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10,014

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2,618

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19,001

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13,650

Reserve for losses and LAE net of reinsurance recoverables at end of period

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55,769

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23,633

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55,769

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23,633

Add: Reinsurance recoverables on unpaid losses and LAE at end of period

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107,898

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145,459

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107,898

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145,459

Reserve for losses and LAE gross of reinsurance recoverables on unpaid losses and LAE at end of period

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$

163,667

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$

169,092

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$

163,667

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$

169,092