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Loss and Loss Adjustment Expense Reserves (Tables)
9 Months Ended
Sep. 30, 2021
Insurance [Abstract]  
Schedule of beginning and ending reserve balances for losses and LAE, net of reinsurance recoverable
The following table provides a reconciliation of the beginning and ending reserve balances for losses and LAE, net of reinsurance recoverable, for the nine months ended September 30, 2020 and 2021 (unaudited) (in thousands):
Nine Months Ended
September 30,
20212020
(unaudited)
Balance at January 1$57,093 $52,222 
Less reinsurance recoverable(33,941)(28,837)
Net balance at January 123,152 23,385 
Incurred related to:
Current year60,940 10,774 
Prior years1,332 1,214 
Total incurred62,272 11,988 
Paid related to:
Current year26,648 4,155 
Prior years(12,022)11,422 
Total paid14,626 15,577 
Net balance at end of period70,798 19,796 
Plus reinsurance recoverable— 33,583 
Balance at end of period$70,798 $53,379