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Historical Loss And LAE Development (Tables)
6 Months Ended
Jun. 30, 2024
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)

 

2024

 

2023

Unpaid losses and LAE at beginning of year

Gross

$

2,446,025

$

2,315,637

Ceded

(757,349)

(740,089)

Net

$

1,688,676

$

1,575,548

Increase (decrease) in incurred losses and LAE

Current accident year

$

376,546

$

339,951

Prior accident years

(64,923)

(71,520)

Total incurred

$

311,623

$

268,431

Loss and LAE payments for claims incurred

Current accident year

$

(40,078)

$

(30,978)

Prior accident years

(197,887)

(172,282)

Total paid

$

(237,965)

$

(203,260)

Net unpaid losses and LAE at June 30,

$

1,762,334

$

1,640,719

Unpaid losses and LAE at June 30,

Gross

$

2,544,622

$

2,361,577

Ceded

(782,288)

(720,858)

Net

$

1,762,334

$

1,640,719