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Historical Loss And LAE Development (Tables)
3 Months Ended
Mar. 31, 2026
Historical Loss And L A E Development Disclosure [Abstract]  
Schedule of Reconciliation of Unpaid Losses and Settlement Expenses (LAE)

For the Three Months

Ended March 31,

(in thousands)

 

2026

 

2025

Unpaid losses and LAE at beginning of year

Gross

$

2,886,819

$

2,693,470

Ceded

(746,798)

(755,425)

Net

$

2,140,021

$

1,938,045

Increase (decrease) in incurred losses and LAE

Current accident year

$

228,708

$

208,243

Prior accident years

(35,464)

(31,005)

Total incurred

$

193,244

$

177,238

Loss and LAE payments for claims incurred

Current accident year

$

(10,045)

$

(9,827)

Prior accident years

(135,794)

(115,040)

Total paid

$

(145,839)

$

(124,867)

Net unpaid losses and LAE at March 31,

$

2,187,426

$

1,990,416

Unpaid losses and LAE at March 31,

Gross

$

2,927,929

$

2,743,245

Ceded

(740,503)

(752,829)

Net

$

2,187,426

$

1,990,416