Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 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		90,810		85,335
Prior years - continuing operations		15,179		75,833
Continuing operations		105,989		161,168
Current year - discontinued operations		2,254		82,829
Prior years - discontinued operations		(4,057)		12,345
Discontinued operations		(1,803)		95,174
Total incurred from continuing and discontinued operations		104,186		256,342
Paid related to:
Current year - continuing operations		35,916		41,816
Prior years - continuing operations		112,080		79,948
Continuing operations		147,996		121,764
Current year - discontinued operations		4,669		13,738
Prior years - discontinued operations		73,009		65,106
Discontinued operations		77,678		78,844
Total paid from continuing and discontinued operations		225,674		200,608
Net balance at September 30		338,688		484,500
Plus reinsurance recoverable		381,299		374,388
Balance at September 30	$	719,987	$	858,888

Impact of net prior years loss development on each reporting segment

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

	Nine Months Ended September 30,
	2023		2022
Commercial Lines Segment	$	1,594	$	250
Personal Lines Segment		3,982		5,218
Runoff Segment		9,603		70,365
Corporate		—		—
Total unfavorable net prior year development	$	15,179	$	75,833