XML 33 R22.htm IDEA: XBRL DOCUMENT v3.24.3
Historical Loss And LAE Development (Tables)
9 Months Ended
Sep. 30, 2024
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)

 

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

$

599,183

$

551,975

Prior accident years

(85,442)

(93,986)

Total incurred

$

513,741

$

457,989

Loss and LAE payments for claims incurred

Current accident year

$

(76,148)

$

(113,010)

Prior accident years

(273,868)

(252,786)

Total paid

$

(350,016)

$

(365,796)

Net unpaid losses and LAE at September 30,

$

1,852,401

$

1,667,741

Unpaid losses and LAE at September 30,

Gross

$

2,611,941

$

2,488,695

Ceded

(759,540)

(820,954)

Net

$

1,852,401

$

1,667,741