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Historical Loss And LAE Development (Tables)
3 Months Ended
Mar. 31, 2025
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)

 

2025

 

2024

Unpaid losses and LAE at beginning of year

Gross

$

2,693,470

$

2,446,025

Ceded

(755,425)

(757,349)

Net

$

1,938,045

$

1,688,676

Increase (decrease) in incurred losses and LAE

Current accident year

$

208,243

$

186,217

Prior accident years

(31,005)

(42,393)

Total incurred

$

177,238

$

143,824

Loss and LAE payments for claims incurred

Current accident year

$

(9,827)

$

(12,975)

Prior accident years

(115,040)

(102,011)

Total paid

$

(124,867)

$

(114,986)

Net unpaid losses and LAE at March 31,

$

1,990,416

$

1,717,514

Unpaid losses and LAE at March 31,

Gross

$

2,743,245

$

2,532,190

Ceded

(752,829)

(814,676)

Net

$

1,990,416

$

1,717,514