Loss and Loss Adjustment Expense Reserves (Tables)

3 Months Ended

Mar. 31, 2022

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 three months ended March 31, 2021 and 2022 (unaudited) (in thousands):

	Three Months Ended March 31,
	2022		2021
	(unaudited)
Balance at January 1	$	73,438	$	57,093
Less reinsurance recoverable	—		(33,941)
Net balance at January 1	73,438		23,152
Incurred related to:
Current year	21,874		9,566
Prior years	96		2,664
Total incurred	21,970		12,230
Paid related to:
Current year	8,035		695
Prior years	14,865		(18,200)
Total paid	22,900		(17,505)
Net balance at end of period	72,508		52,887
Plus reinsurance recoverable	4,408		8,694
Balance at end of period	$	76,916	$	61,581