Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2023

Reserves for Losses and Loss Adjustment Expenses [Abstract]

Summary of activity in the reserves for unpaid losses and loss adjustment expense

Year to-date activity in the consolidated reserves for unpaid losses and LAE is summarized as follows (in thousands):

	2023		2022
Balance at January 1	$	880,869	$	816,681
Less reinsurance recoverable		420,693		387,915
Net balance at January 1		460,176		428,766
Incurred related to:
Current year - continuing operations		26,209		28,961
Prior years - continuing operations		3,555		10,421
Continuing operations		29,764		39,382
Current year - discontinued operations		(219)		27,372
Prior years - discontinued operations		(127)		(2,730)
Discontinued operations		(346)		24,642
Total incurred from continuing and discontinued operations		29,418		64,024
Paid related to:
Current year - continuing operations		7,718		8,730
Prior years - continuing operations		40,137		37,114
Continuing operations		47,855		45,844
Current year - discontinued operations		1,330		4,027
Prior years - discontinued operations		32,114		25,099
Discontinued operations		33,444		29,126
Total paid from continuing and discontinued operations		81,299		74,970
Net balance at March 31		408,295		417,820
Plus reinsurance recoverable		427,608		380,518
Balance at March 31	$	835,903	$	798,338

Impact of net prior years loss development on each reporting segment

The year to date impact from the unfavorable (favorable) net prior years’ loss development on each reporting segment and discontinued operations is presented below:

	Three Months Ended March 31,
	2023		2022
Commercial Lines Segment	$	997	$	(429)
Personal Lines Segment		523		1,573
Runoff Segment		2,035		9,277
Corporate		—		—
Total unfavorable (favorable) net prior year development	$	3,555	$	10,421