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Historical Loss And LAE Development (Tables)
6 Months Ended
Jun. 30, 2023
Historical Loss And L A E Development Disclosure [Abstract]  
Schedule of Reconciliation of Unpaid Losses and Settlement Expenses (LAE)

For the Six Months

Ended June 30,

(in thousands)

 

2023

 

2022

Unpaid losses and LAE at beginning of year

Gross

$

2,315,637

$

2,043,555

Ceded

(740,089)

(608,086)

Net

$

1,575,548

$

1,435,469

Increase (decrease) in incurred losses and LAE

Current accident year

$

339,951

$

293,158

Prior accident years

(71,520)

(69,720)

Total incurred

$

268,431

$

223,438

Loss and LAE payments for claims incurred

Current accident year

$

(30,978)

$

(21,628)

Prior accident years

(172,282)

(153,490)

Total paid

$

(203,260)

$

(175,118)

Net unpaid losses and LAE at June 30,

$

1,640,719

$

1,483,789

Unpaid losses and LAE at June 30,

Gross

$

2,361,577

$

2,150,519

Ceded

(720,858)

(666,730)

Net

$

1,640,719

$

1,483,789