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

For the Nine Months

Ended September 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

$

551,975

$

491,559

Prior accident years

(93,986)

(103,032)

Total incurred

$

457,989

$

388,527

Loss and LAE payments for claims incurred

Current accident year

$

(113,010)

$

(52,435)

Prior accident years

(252,786)

(219,682)

Total paid

$

(365,796)

$

(272,117)

Net unpaid losses and LAE at September 30,

$

1,667,741

$

1,551,879

Unpaid losses and LAE at September 30,

Gross

$

2,488,695

$

2,322,737

Ceded

(820,954)

(770,858)

Net

$

1,667,741

$

1,551,879