Management’s process for establishing loss reserves is comprehensive and involves input from multiple functions throughout the organization, including actuarial, finance, claims, legal, underwriting, distribution and business operations management. A review of loss reserves for each of the classes of business that the Company writes is conducted regularly, generally quarterly. This review process takes into consideration a variety of trends that impact the ultimate settlement of claims. Where appropriate, the loss reserving process includes a review of overall payment patterns and the emergence of paid and reported losses relative to expectations.

The loss reserve estimation process relies on the basic assumption that past experience, adjusted for the effects of current developments and likely trends, is an appropriate basis for predicting future outcomes. As part of this process, the Company uses a variety of analytical methods that consider experience, trends and other relevant factors. IBNR reserves are generally calculated by first projecting the ultimate cost of all claims that have been reported or expected to be reported in the future and then subtracting reported losses and LAE. IBNR reserves include both incurred-but-not-reported liabilities plus expected development on reported claims included in the liability for unpaid claims and claim adjustment expenses. Reported losses include cumulative paid losses and LAE plus outstanding case reserves. The Company’s ultimate IBNR reserves are estimated by management and reserving actuaries on an aggregate basis for each line of business or coverage for loss and LAE liabilities not reflected within the case reserves. Case reserves are established by claim personnel individually, on a claim by claim basis, and based on information specific to the occurrence and terms of the underlying policy. Case reserves are periodically reviewed and modified based on new or additional information pertaining to the claim.

For events designated as catastrophes, the Company generally calculates IBNR reserves directly as a result of an estimated IBNR claim count and an estimated average claim amount for each event. Such an assessment involves a comprehensive analysis of the nature of the event, of policyholder exposures within the affected geographic area and of available claims intelligence.

Carried reserves for each line of business and coverage are determined based on the quarterly loss reserving process. In making the determination, the Company considers numerous quantitative and qualitative factors. Quantitative factors include changes in reserve estimates in the period, the maturity of the accident year, trends observed over the recent past, the level of volatility within a particular class of business, the estimated effects of reinsurance, including reinstatement premiums, general economic trends such as inflation, and other factors. Qualitative factors may include legal and regulatory developments, changes in claim handling and case reserving practices, recent entry into new markets or products, changes in underwriting practices or business mix, concerns that the Company does not have sufficient or quality historical reported and paid loss and LAE information with respect to a particular line of business and coverage, effects of the economy and political outlook, perceived anomalies in the historical results, evolving trends or other factors. Persistent supply chain disruptions and significant inflation in the U.S. economy in recent years, along with other factors outside our control, have resulted in higher claims costs, particularly in our automobile and homeowners lines of business. Additionally, several other significant

uncertainties persist, including increased attorney involvement in claims resulting in delayed claim settlements and a trend toward higher valued settlements and litigation.

The Company regularly updates its reserve estimates as new information becomes available and further events occur which may impact the resolution of unsettled claims. Reserve adjustments are reflected in results of operations as adjustments to losses and LAE. Often these adjustments are recognized in periods subsequent to the period in which the underlying policy was written and loss event occurred. These types of subsequent adjustments are described as loss and LAE “development.” Such development can be either favorable or unfavorable to the Company’s financial results and may vary by line of business. In this section, all amounts presented include catastrophe losses and LAE. Catastrophe losses were $690.1 million in 2023 and $402.6 million in both 2022 and 2021.

As a result of continuing trends in the Company’s business, reserves, including catastrophes, have been re-estimated for all prior accident years and were decreased by $15.9 million, $32.6 million and $71.1 million in 2023, 2022 and 2021, respectively.

In 2023, net favorable loss and LAE development was $15.9 million, primarily as a result of net favorable development of $57.1 million in Specialty, partially offset by net unfavorable development of $40.9 million in Personal Lines. The favorable development in Specialty was primarily due to lower than expected losses of $36.5 million within the Professional and Executive Lines division, primarily in accident years 2019 through 2022, and lower than expected losses of $12.0 million in the surety line, primarily in accident years 2017 through 2021. The unfavorable development in Personal Lines was primarily due to higher than expected losses of $14.2 million in the personal automobile line, $13.4 million in the standalone personal umbrella coverage, and $11.5 million in the homeowners line. The higher than expected losses in the standalone personal umbrella coverage were primarily in accident years 2021 and 2022. The higher than expected losses in the personal automobile line were primarily within bodily injury coverages in accident years 2018, 2019 and 2022, and within property damage coverages in accident years 2021 and 2022, partially offset by lower than expected losses within personal injury protection coverages in accident years 2021 and 2022. The net unfavorable development within the homeowners line was driven by higher than expected catastrophe losses primarily related to 2022 Winter Storm Elliot. Within Core Commercial, favorable development of $35.4 million in the workers’ compensation line was partially offset by unfavorable development of $15.5 million in the commercial automobile line, $10.4 million in the commercial umbrella coverage and, to a lesser extent, the general liability coverages. The lower than expected losses in the workers’ compensation line were primarily in accident years 2013 through 2021. The

higher than expected losses in the commercial automobile line were driven by higher bodily injury and personal injury protection losses in accident years 2014 through 2019 and 2022, partially offset by lower than expected losses in accident years 2020 and 2021. The higher than expected losses in the commercial umbrella coverage were primarily in accident years 2016 through 2019 and 2022.

In 2022, net favorable loss and LAE development was $32.6 million, primarily as a result of net favorable development of $28.2 million in Specialty and net favorable development of $27.6 million in Core Commercial, partially offset by net unfavorable development of $22.0 million in Personal Lines. The favorable development in Specialty was primarily due to lower than expected losses of $26.3 million within the Professional and Executive Lines division, lower than expected losses of $14.5 million in the surety line, and lower than expected losses of $10.9 million in the Marine division, partially offset by higher than expected losses of $23.5 million in the Specialty P&C division. Within Specialty P&C, higher than expected losses of $31.0 million in program business were partially offset by lower than expected losses in the specialty industrial line. The favorable development in Core Commercial was primarily due to lower than expected losses of $32.1 million within the workers’ compensation line in accident years 2013 through 2018 and 2020, and lower than expected losses of $16.4 million within the commercial multiple peril line, driven by favorable catastrophe loss development, partially offset by higher than expected losses of $18.0 million in the commercial automobile line, driven by higher bodily injury and personal injury protection losses in accident years 2016, 2018, 2019 and 2021. Core Commercial favorable catastrophe loss development within the commercial multiple peril line includes lower than expected losses related to certain 2021 events including winter storms, hurricane Ida, tornadoes, and other storms. The unfavorable development in Personal Lines was primarily due to higher than expected losses of $29.3 million in the homeowners line, primarily in accident year 2021. The net unfavorable development within homeowners was driven by higher than expected catastrophe losses related to certain 2021 events including Michigan hail storms and other wind storms, partially offset by lower than expected losses related to 2021 hurricane Ida, and higher than expected non-catastrophe losses due to higher severity and longer cycle times in repair activity, primarily related to claims incurred in the fourth quarter of 2021.

In 2021, net favorable loss and LAE development was $71.1 million, primarily as a result of net favorable development of $27.5 million, $26.1 million and $18.5 million in the Core Commercial, Personal Lines and Specialty segments, respectively. The favorable development in Core Commercial was primarily due to lower than expected losses of $22.3 million within the workers’ compensation line in accident years 2014 through 2020, and lower than expected losses of $12.3 million within the commercial multiple peril line. Core Commercial favorable development within the commercial multiple peril line includes lower than expected losses related to 2020 hurricanes and civil unrest and, to a lesser extent, lower than expected losses related to certain 2017 through 2019 tornadoes and hurricanes. The favorable development in Personal Lines was primarily due to lower than expected losses of $24.8 million in the personal automobile line, driven by lower bodily injury and personal injury protection losses, primarily in accident year 2020. The favorable development in Specialty was primarily due to lower than expected losses of $14.4 million in the marine line in accident years 2019 and 2020, and lower than expected losses of $10.0 million in the surety line, primarily in accident years 2013 through 2016, 2018 and 2019, partially offset by higher than expected losses of $12.0 million in the Specialty P&C division primarily due to higher than expected losses in general liability lines.

Core Commercial - general liability and umbrella - occurrence is primarily comprised of the Company’s commercial monoline general liability and umbrella coverages. Other core commercial lines is primarily comprised of commercial property and product liability coverages. Specialty general liability - claims made is comprised of claims made coverages within the Professional and Executive Lines division primarily comprised of professional and management liability lines. Other specialty lines is primarily comprised of marine, surety, healthcare, and fidelity lines. Total Other is comprised of the Company’s run-off voluntary assumed property and casualty reinsurance pools business, run-off direct asbestos and environmental, and product liability businesses, which includes $57.5 million and $57.1 million of gross asbestos and environmental reserves as of December 31, 2023 and 2022, respectively.

For the following net reserve components, Core Commercial - commercial multiple peril, Core Commercial - workers’ compensation, Core Commercial - commercial automobile liability, Core Commercial - general liability and umbrella - occurrence, Specialty property & casualty, Specialty general liability - claims made, personal automobile liability, and homeowners, the Company is presenting incurred claims development tables by accident year. In each of these tables, the Company is presenting the number of years for which claims are typically outstanding, which is consistent with the period at which substantially all of the reserve development has emerged based on past history. The following tables present cumulative incurred loss and allocated loss adjustment expenses (“ALAE”), cumulative paid loss and ALAE, and IBNR balances at December 31, 2023. IBNR includes both incurred but not reported liabilities and expected development on reported claims. In addition, cumulative incurred claim counts are presented as of December 31, 2023 and claim duration is presented in a separate table disclosing the average annual percentage payout of incurred claims by age, net of reinsurance. Claim duration is calculated as an average of paid loss and ALAE divided by incurred loss and ALAE by elapsed year. The incurred claims development tables presented are reconciled to the net carried reserves in the preceding table as of December 31, 2023.

Incurred claim count information presented represents claim frequency by individual claimant and measures the frequency of direct claim settlements that have resulted in or are expected to result in claim payments. Claim count information is presented in a manner consistent with that used in the quarterly loss reserving process. A single claim event, particularly in automobile lines, may result in multiple individual claimants and, therefore, multiple claim counts. Incurred claim counts are comprised of outstanding claims and those that are closed with a loss payment and exclude those that are closed without a loss payment. A single claim event may result in multiple claims closed with a payment when a claim is subsequently reopened with further payment. In this case, a reopened claim payment is counted as an incremental claim settlement. Claim count information is not available for direct and assumed participations in various involuntary pools and residual market mechanisms, which represent approximately 4% or less of both the total net earned premium and net incurred claims for the lines presented. Incurred claim counts are also not adjusted for the effect of claims ceded as part of reinsurance programs, although the incurred losses and cumulative paid losses presented in the following tables are presented net of reinsurance ceded.


Core Commercial - commercial multiple peril
($ in millions)																	As of
Incurred Losses and ALAE, Net of Reinsurance																	December 31, 2023
YEARS ENDED DECEMBER 31,																			Cumulative
																			Incurred
Accident	2016		2017		2018		2019		2020		2021		2022						Claim
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023		IBNR		Count
2016	$	398.2	$	402.5	$	401.0	$	400.0	$	400.1	$	396.7	$	397.2	$	401.3	$	6.5		14,426
2017				473.9		481.1		487.5		491.5		494.0		493.6		494.8		13.4		15,377
2018						511.1		495.6		489.5		490.6		495.8		499.7		19.1		15,861
2019								520.2		527.0		533.1		542.6		540.2		30.5		14,895
2020										562.1		546.7		531.5		514.9		45.8		12,989
2021												673.5		658.7		655.1		73.3		14,771
2022														748.1		749.2		145.1		13,903
2023																698.3		266.5		11,956
Total															$	4,553.5


Cumulative Paid Losses and ALAE, Net of Reinsurance
YEARS ENDED DECEMBER 31,

Accident	2016		2017		2018		2019		2020		2021		2022
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023
2016	$	128.7	$	215.2	$	261.9	$	306.8	$	331.8	$	347.7	$	365.4	$	374.3
2017				157.2		264.1		328.8		377.6		414.5		435.6		448.3
2018						165.7		274.1		326.4		362.9		403.6		429.5
2019								156.5		288.5		348.7		396.3		444.5
2020										200.8		318.6		364.2		401.0
2021												245.1		392.6		450.0
2022														198.2		441.2
2023																240.5
Total																3,229.3
Total reserves for 2016 – 2023 accident years (incurred - paid)																1,324.2
Total reserves for 2015 and prior accident years																72.0
Unallocated loss adjustment expense																23.3
Net reserves at December 31, 2023															$	1,419.5


Core Commercial - workers’ compensation
($ in millions)																					As of
Incurred Losses and ALAE, Net of Reinsurance																					December 31, 2023
YEARS ENDED DECEMBER 31,																							Cumulative
																							Incurred
Accident	2014		2015		2016		2017		2018		2019		2020		2021		2022						Claim
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023		IBNR		Count
2014	$	143.5	$	138.0	$	125.8	$	124.3	$	123.1	$	120.7	$	118.2	$	116.4	$	112.9	$	110.5	$	5.7		8,818
2015				157.0		136.0		132.1		125.8		122.2		119.0		116.3		113.8		110.0		7.8		8,921
2016						158.9		152.8		139.9		133.5		128.3		124.9		122.3		118.3		6.2		12,836
2017								159.6		148.7		139.9		136.7		132.4		129.6		125.7		8.2		13,443
2018										165.2		161.3		152.6		150.8		149.2		145.8		13.1		15,037
2019												170.5		165.0		162.9		163.2		159.5		14.8		15,451
2020														167.1		166.8		150.6		142.4		16.0		12,116
2021																178.5		180.8		175.5		17.1		14,510
2022																		198.5		205.9		32.4		15,056
2023																				202.3		64.8		13,204
Total																			$	1,495.9

Cumulative Paid Losses and ALAE, Net of Reinsurance
YEARS ENDED DECEMBER 31,
Accident	2014		2015		2016		2017		2018		2019		2020		2021		2022
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023
2014	$	25.7	$	58.5	$	75.3	$	85.0	$	89.8	$	93.7	$	96.2	$	97.6	$	98.5	$	98.9
2015				24.2		55.0		72.2		81.8		86.2		89.1		91.2		93.2		94.0
2016						29.2		67.0		84.4		93.3		97.2		100.1		102.1		103.5
2017								28.5		63.7		82.0		92.7		99.0		102.6		106.2
2018										32.2		72.0		91.7		104.2		112.0		117.8
2019												30.4		75.7		102.4		116.2		124.5
2020														28.8		71.4		91.8		102.9
2021																40.6		85.3		109.4
2022																		41.4		101.8
2023																				48.8
Total																				1,007.8
Total reserves for 2014 – 2023 accident years (incurred - paid)																				488.1
Total reserves for 2013 and prior accident years																				90.5
Unallocated loss adjustment expense and other																				19.0
Net reserves at December 31, 2023																			$	597.6


Core Commercial - commercial automobile liability
($ in millions)															As of
Incurred Losses and ALAE, Net of Reinsurance															December 31, 2023
YEARS ENDED DECEMBER 31,																	Cumulative
																	Incurred
Accident	2017		2018		2019		2020		2021		2022						Claim
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023		IBNR		Count
2017	$	146.3	$	155.6	$	164.3	$	169.4	$	175.6	$	176.0	$	176.8	$	1.4		10,916
2018				170.1		157.6		162.9		171.5		176.1		178.2		6.2		10,611
2019						161.0		167.9		169.7		174.6	181.4			12.9		9,803
2020								153.2		141.5		140.2		134.5		17.4		5,890
2021										154.1		156.5		146.1		33.9		6,134
2022												157.5		173.3		66.7		6,021
2023													171.5			109.3		5,550
Total													$	1,161.8

Cumulative Paid Losses and ALAE, Net of Reinsurance
YEARS ENDED DECEMBER 31,

Accident	2017		2018		2019		2020		2021		2022
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023
2017	$	24.9	$	64.8	$	95.5	$	125.8	$	144.4	$	160.9	$	168.3
2018				26.8		52.7		83.2		114.5		142.7		156.0
2019						27.1		64.5		94.8		126.5		147.9
2020								21.0		42.1		71.4		96.3
2021										17.7		45.2		73.7
2022												18.9		53.0
2023														23.7
Total														718.9
Total reserves for 2017 – 2023 accident years (incurred - paid)														442.9
Total reserves for 2016 and prior accident years														19.6
Unallocated loss adjustment expense														4.8
Net reserves at December 31, 2023													$	467.3


Core Commercial - general liability and umbrella - occurrence
($ in millions)																					As of
Incurred Losses and ALAE, Net of Reinsurance																					December 31, 2023
YEARS ENDED DECEMBER 31,																							Cumulative
																							Incurred
Accident	2014		2015		2016		2017		2018		2019		2020		2021		2022						Claim
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023		IBNR		Count
2014	$	70.7	$	48.9	$	57.9	$	60.8	$	53.8	$	54.0	$	53.4	$	54.0	$	54.0	$	55.6	$	1.4		1,448
2015				66.6		57.9		58.6		53.8		52.1		50.5		49.1		45.5		43.9		1.7		1,305
2016						58.5		61.0		57.8		55.8		53.7		54.5		54.2		59.2		3.1		1,207
2017								58.2		67.1		66.3		63.0		62.9		61.0		60.8		5.8		1,030
2018										58.8		61.1		60.3		63.3		63.2		65.0		11.9		960
2019												58.9		60.0		60.3		69.3		73.7		14.3		851
2020														56.2		58.9		53.4		52.1		20.1		552
2021																58.3		70.0		73.7		35.9		497
2022																		63.3		76.6		47.6		487
2023																				72.2		58.7		397
Total																			$	632.8

Cumulative Paid Losses and ALAE, Net of Reinsurance
YEARS ENDED DECEMBER 31,
Accident	2014		2015		2016		2017		2018		2019		2020		2021		2022
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023
2014	$	1.6	$	7.9	$	17.2	$	30.3	$	38.2	$	45.5	$	46.0	$	47.4	$	48.4	$	51.1
2015				1.4		7.5		14.1		25.5		32.6		37.3		38.3		40.7		40.2
2016						0.7		7.3		14.8		25.3		31.7		34.4		38.7		52.0
2017								2.3		9.0		19.3		27.1		33.9		42.6		46.8
2018										1.0		4.4		18.8		27.2		38.1		40.7
2019												4.3		8.7		16.5		28.2		38.2
2020														2.1		9.2		11.9		17.8
2021																1.5		6.6		17.3
2022																		0.4		9.3
2023																				5.4
Total																				318.8
Total reserves for 2014 – 2023 accident years (incurred - paid)																				314.0
Total reserves for 2013 and prior accident years																				15.0
Unallocated loss adjustment expense and other																				3.2
Net reserves at December 31, 2023																			$	332.2


Specialty property & casualty
($ in millions)															As of
Incurred Losses and ALAE, Net of Reinsurance															December 31, 2023
YEARS ENDED DECEMBER 31,																	Cumulative
																	Incurred
Accident	2017		2018		2019		2020		2021		2022						Claim
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023		IBNR		Count
2017	$	189.6	$	185.3	$	190.1	$	193.9	$	195.6	$	199.1	$	198.1	$	7.1		6,850
2018				193.0		194.1		193.7		190.2		191.1		191.1		9.8		6,399
2019						212.2		209.4		225.7		237.1		236.8		18.4		6,480
2020								181.1		170.8		164.9		169.5		19.8		5,235
2021										202.9		213.9		210.2		41.7		5,868
2022												218.3		215.3		67.1		5,487
2023														229.7		116.2		3,973
Total													$	1,450.7

Cumulative Paid Losses and ALAE, Net of Reinsurance
YEARS ENDED DECEMBER 31,
Accident	2017		2018		2019		2020		2021		2022
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023
2017	$	55.5	$	102.6	$	125.9	$	138.7	$	155.6	$	168.5	$	177.3
2018				56.0		107.9		124.9		140.3		158.6		170.4
2019						71.5		113.9		136.5		164.9		187.1
2020								40.4		84.0		101.2		121.9
2021										59.2		106.6		125.9
2022												60.7		106.5
2023														61.1
Total														950.2
Total reserves for 2017 – 2023 accident years (incurred - paid)														500.5
Total reserves for 2016 and prior accident years														44.6
Unallocated loss adjustment expense														20.3
Net reserves at December 31, 2023													$	565.4


Specialty - general liability - claims made
($ in millions)															As of
Incurred Losses and ALAE, Net of Reinsurance															December 31, 2023
YEARS ENDED DECEMBER 31,																	Cumulative
																	Incurred
Accident	2017		2018		2019		2020		2021		2022						Claim
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023		IBNR		Count
2017	$	99.1	$	100.6	$	96.1	$	94.1	$	92.5	$	93.6	$	94.1	$	1.9		1,047
2018				112.2		117.8		121.2		121.7		121.6		121.7		4.8		1,170
2019						119.8		119.5		125.6		127.6		126.7		7.1		1,213
2020								137.3		134.2		123.3		119.1		10.0		1,295
2021										148.2		144.8		134.6		32.3		1,194
2022												162.3		149.0		59.4		1,234
2023														170.5		98.8		2,530
Total													$	915.7

Cumulative Paid Losses and ALAE, Net of Reinsurance
YEARS ENDED DECEMBER 31,
Accident	2017		2018		2019		2020		2021		2022
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023
2017	$	12.1	$	40.9	$	65.5	$	74.8	$	81.0	$	86.3	$	89.3
2018				14.4		50.3		78.9		93.6		102.9		112.0
2019						16.5		53.3		77.0		95.4		107.4
2020								16.8		50.6		75.0		89.4
2021										15.8		49.9		76.7
2022												18.1		54.0
2023														17.9
Total														546.7
Total reserves for 2017 – 2023 accident years (incurred - paid)														369.0
Total reserves for 2016 and prior accident years														8.5
Unallocated loss adjustment expense														7.0
Net reserves at December 31, 2023													$	384.5


Personal automobile liability
($ in millions)													As of
Incurred Losses and ALAE, Net of Reinsurance													December 31, 2023
YEARS ENDED DECEMBER 31,															Cumulative
															Incurred
Accident	2018		2019		2020		2021		2022						Claim
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023		IBNR		Count
2018	$	394.2	$	395.3	$	400.3	$	406.7	$	409.3	$	412.2	$	5.4		43,182
2019				431.2		431.8		436.1		438.9		443.5		7.2		42,513
2020						378.0		347.0		312.3		307.0		13.7		26,449
2021								407.2		411.6		408.5		35.1		30,591
2022										441.9		458.6		90.8		33,237
2023												489.9		200.3		32,736
Total											$	2,519.7

Cumulative Paid Losses and ALAE, Net of Reinsurance
YEARS ENDED DECEMBER 31,
Accident	2018		2019		2020		2021		2022
Year	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited		2023
2018	$	121.7	$	237.2	$	307.4	$	353.1	$	382.8	$	397.9
2019				131.0		262.2		336.6		385.1		413.3
2020						95.9		179.2		231.8		267.6
2021								106.4		225.9		304.4
2022										117.2		255.0
2023												143.1
Total												1,781.3
Total reserves for 2018 – 2023 accident years (incurred - paid)												738.4
Total reserves for 2017 and prior accident years												44.0
Unallocated loss adjustment expense												17.1
Net reserves at December 31, 2023											$	799.5


Homeowners
($ in millions)									As of
Incurred Losses and ALAE, Net of Reinsurance									December 31, 2023
YEARS ENDED DECEMBER 31,											Cumulative
											Incurred
Accident	2020		2021		2022						Claim
Year	Unaudited		Unaudited		Unaudited		2023		IBNR		Count
2020	$	418.8	$	423.3	$	424.9	$	427.7	$	3.0		35,333
2021				461.4		489.9		487.9		5.1		39,172
2022						548.5		557.0		10.6		34,989
2023								874.4		185.1		44,865
Total							$	2,347.0

Cumulative Paid Losses and ALAE, Net of Reinsurance
YEARS ENDED DECEMBER 31,
Accident	2020		2021		2022
Year	Unaudited		Unaudited		Unaudited		2023
2020	$	281.5	$	387.7	$	408.1	$	417.8
2021				306.9		449.1		471.4
2022						324.1		511.7
2023								590.4
Total								1,991.3
Total reserves for 2020 – 2023 accident years (incurred - paid)								355.7
Total reserves for 2019 and prior accident years								13.9
Unallocated loss adjustment expense								6.1
Net reserves at December 31, 2023							$	375.7