Historical Loss And LAE Development (Tables)

6 Months Ended

Jun. 30, 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 six months of 2022 and 2021:

	For the Six Months
	Ended June 30,
(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	$	293,158		$	279,380
Prior accident years		(69,720	)		(67,462	)
Total incurred	$	223,438		$	211,918
Loss and LAE payments for claims incurred
Current accident year	$	(21,628	)	$	(28,991	)
Prior accident years		(153,490	)		(116,723	)
Total paid	$	(175,118	)	$	(145,714	)
Net unpaid losses and LAE at June 30	$	1,483,789		$	1,372,524
Unpaid losses and LAE at June 30
Gross	$	2,150,519		$	1,917,609
Ceded		(666,730	)		(545,085	)
Net	$	1,483,789		$	1,372,524