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Reinsurance and Insurance Loss Reserves
 6 Months Ended
Sep. 28, 2024
Insurance [Abstract]  
Reinsurance and Insurance Loss Reserves Reinsurance and Insurance Loss Reserves
Certain of Standard Casualty Company's ("Standard Casualty") premiums and benefits are assumed from and ceded to other insurance companies under various reinsurance agreements. We remain obligated for amounts ceded in the event that the reinsurers do not meet their obligations.
The effects of reinsurance on premiums written and earned were as follows (in thousands):

Three Months Ended
September 28, 2024September 30, 2023
WrittenEarnedWrittenEarned
Direct premiums
$9,380 $12,177 $10,067 $9,371 
Assumed premiums—nonaffiliated
11,303 10,095 9,505 8,851 
Ceded premiums—nonaffiliated
(8,880)(8,880)(6,438)(6,438)

$11,803 $13,392 $13,134 $11,784 
Six Months Ended
September 28, 2024September 30, 2023
WrittenEarnedWrittenEarned
Direct premiums
$22,883 $24,479 $20,446 $18,047 
Assumed premiums—nonaffiliated
23,038 19,599 19,305 17,421 
Ceded premiums—nonaffiliated
(17,065)(17,065)(12,565)(12,565)

$28,856 $27,013 $27,186 $22,903 
Typical insurance policies written or assumed have a maximum coverage of $0.4 million per claim, of which we cede $0.15 million of the risk of loss per reinsurance. Therefore, our risk of loss is limited to $0.25 million per claim on typical policies, subject to the reinsurers meeting their obligations. After this limit, amounts are recoverable through reinsurance for catastrophic losses in excess of $4.0 million per occurrence, up to a maximum of $110 million in the aggregate for that occurrence.
The following details the activity in the incurred but not reported ("IBNR") reserve for the three and six months ended September 28, 2024 and September 30, 2023 (in thousands):
Three Months EndedSix Months Ended
September 28,
2024		September 30,
2023		September 28,
2024		September 30,
2023
Balance at beginning of period$18,927 $13,001 $10,540 $10,939 
Net incurred losses during the period14,128 8,586 32,091 19,663 
Net claim payments during the period(18,435)(12,433)(28,011)(21,448)
Balance at end of period$14,620 $9,154 $14,620 $9,154