Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 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		54,916		56,835
Prior years - continuing operations		11,600		55,193
Continuing operations		66,516		112,028
Current year - discontinued operations		2,733		55,848
Prior years - discontinued operations		(7,720)		8,081
Discontinued operations		(4,987)		63,929
Total incurred from continuing and discontinued operations		61,529		175,957
Paid related to:
Current year - continuing operations		21,431		24,139
Prior years - continuing operations		80,988		59,362
Continuing operations		102,419		83,501
Current year - discontinued operations		2,367		8,629
Prior years - discontinued operations		52,030		41,799
Discontinued operations		54,397		50,428
Total paid from continuing and discontinued operations		156,816		133,929
Net balance at June 30		364,889		470,794
Plus reinsurance recoverable		419,957		377,413
Balance at June 30	$	784,846	$	848,207

Impact of net prior years loss development on each reporting segment

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

	Six Months Ended June 30,
	2023		2022
Commercial Lines Segment	$	769	$	(51)
Personal Lines Segment		2,992		3,408
Runoff Segment		7,839		51,836
Corporate		—		—
Total unfavorable (favorable) net prior year development	$	11,600	$	55,193