Unpaid Losses and Loss Adjustment Reserve (Tables)

12 Months Ended

Dec. 31, 2022

Unpaid Losses and Loss Adjustment Reserve

Schedule of rollforward of the beginning and ending reserve balances for unpaid losses and LAE, gross of reinsurance

	Year Ended		Period Ended
	December 31, 2022		December 31, 2021
Reserve for unpaid losses and LAE, at January 1, 2022 and April 5, 2021	$	61,949	$	84,366
Reinsurance recoverables on losses and LAE		(56,752)		(82,898)
Losses and LAE reserve, net of reinsurance recoverables, at January 1, 2022 and April 5, 2021		5,197		1,468
Add provisions for losses and LAE occurring in:
Current year		55,148		17,583
Prior year		1,155		921
Net incurred losses and LAE during the current year		56,303		18,504
Deduct payments for losses and LAE occurring in:
Current year		(32,111)		(13,154)
Prior year		(5,756)		(1,621)
Net claim and LAE payments during the current year		(37,867)		(14,775)
Reserve for losses and LAE, net of reinsurance recoverables, at end of year		23,633		5,197
Reinsurance recoverables on losses and LAE		76,999		56,752
Reserve for unpaid losses and LAE, at December 31	$	100,632	$	61,949

Schedule of incurred and paid losses by accident year, net of reinsurance

											December 31, 2022
		Incurred losses and allocated loss adjustment expenses, net of reinsurance,											Cumulative
	for the years ended December 31,												Number of
		2018		2019		2020		2021		2022	IBNR Reserves		Reported Claims
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Accident Year
2018	$	7,512	$	7,041	$	7,046	$	7,380	$	7,396	$	—		8,369
2019				9,666		9,678		9,773		9,786		20		10,790
2020						12,664		14,281		14,587		84		13,152
2021								19,795		20,614		976		34,548
2022										55,110		14,575		18,550
Total									$	107,493	$	15,655		85,409

		Cumulative paid losses and allocated adjustment expenses, net of reinsurance,
		for the year ended December 31,
		2018		2019		2020		2021		2022
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Accident Year
2018	$	5,295	$	6,690	$	6,838	$	7,213	$	7,345
2019				7,405		9,324		9,578		9,694
2020						9,750		13,865		14,142
2021								15,335		20,569
2022										32,073
Total									$	83,823
Liability for losses and loss adjustment expenses, net of reinsurance									$	23,669

Schedule of average annual percentage payout of accident year incurred claims by age, net of reinsurance

1		2		3		4		5
83.8	%	15.1	%	0.8	%	0.6	%	0.2	%