Historical Loss And LAE Development (Tables)

3 Months Ended

Mar. 31, 2022

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 three months of 2022 and 2021:

	For the Three Months
	Ended March 31,
(in thousands)	2022			2021
Unpaid losses and LAE at beginning of year
Gross	$	2,043,555		$	1,750,049
Ceded		(608,086	)		(443,729	)
Net	$	1,435,469		$	1,306,320
Increase (decrease) in incurred losses and LAE
Current accident year	$	150,999		$	142,013
Prior accident years		(45,475	)		(37,121	)
Total incurred	$	105,524		$	104,892
Loss and LAE payments for claims incurred
Current accident year	$	(7,875	)	$	(5,962	)
Prior accident years		(82,851	)		(64,896	)
Total paid	$	(90,726	)	$	(70,858	)
Net unpaid losses and LAE at March 31	$	1,450,267		$	1,340,354
Unpaid losses and LAE at March 31
Gross	$	2,081,712		$	1,795,275
Ceded		(631,445	)		(454,921	)
Net	$	1,450,267		$	1,340,354