Historical Loss And LAE Development (Tables)

6 Months Ended

Jun. 30, 2021

Historical Loss And L A E Development Disclosure [Abstract]

Schedule of Reconciliation of Unpaid Losses and Settlement Expenses (LAE)

The following table is a reconciliation of our unpaid losses and settlement expenses (LAE) for the first six months of 2021 and 2020:

	For the Six Months
	Ended June 30,
(in thousands)	2021			2020
Unpaid losses and LAE at beginning of year
Gross	$	1,750,049		$	1,574,352
Ceded		(443,729	)		(384,517	)
Net	$	1,306,320		$	1,189,835
Adoption impact of ASU 2016-13 on reinsurance balances recoverable	$	—		$	(1,345	)
Increase (decrease) in incurred losses and LAE
Current accident year	$	279,380		$	253,031
Prior accident years		(67,462	)		(40,808	)
Total incurred	$	211,918		$	212,223
Loss and LAE payments for claims incurred
Current accident year	$	(28,991	)	$	(25,588	)
Prior accident years		(116,723	)		(148,885	)
Total paid	$	(145,714	)	$	(174,473	)
Net unpaid losses and LAE at June 30	$	1,372,524		$	1,226,240
Unpaid losses and LAE at June 30
Gross	$	1,917,609		$	1,590,996
Ceded		(545,085	)		(364,756	)
Net	$	1,372,524		$	1,226,240