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Reinsurance and Insurance Loss Reserves
 9 Months Ended
Dec. 28, 2024
Insurance [Abstract]  
Reinsurance and Insurance Loss Reserves Reinsurance and Insurance Loss Reserves
Certain of Standard Casualty Company's 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
December 28, 2024December 30, 2023
WrittenEarnedWrittenEarned
Direct premiums
$19,260 $24,645 $11,135 $10,693 
Assumed premiums—nonaffiliated
21,534 20,629 8,430 8,459 
Ceded premiums—nonaffiliated
(17,387)(17,387)(6,406)(6,406)

$23,407 $27,887 $13,159 $12,746 
Nine Months Ended
December 28, 2024December 30, 2023
WrittenEarnedWrittenEarned
Direct premiums
$32,763 $36,947 $31,581 $28,740 
Assumed premiums—nonaffiliated
33,269 30,133 27,735 25,880 
Ceded premiums—nonaffiliated
(25,572)(25,572)(18,971)(18,971)

$40,460 $41,508 $40,345 $35,649 
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 reserve for the three and nine months ended December 28, 2024 and December 30, 2023 (in thousands):
Three Months EndedNine Months Ended
December 28,
2024		December 30,
2023		December 28,
2024		December 30,
2023
Balance at beginning of period$14,620 $9,154 $10,540 $10,939 
Net incurred losses during the period9,662 9,489 41,753 29,152 
Net claim payments during the period(12,028)(9,189)(40,039)(30,637)
Balance at end of period$12,254 $9,454 $12,254 $9,454