Reserve for Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2023

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Analysis of losses and loss adjustment expenses and reconciliation of beginning and ending reserve balances

The following table represents an analysis of losses and loss adjustment expenses and a reconciliation of the beginning and ending reserve for losses and loss adjustment expenses:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Reserve for losses and loss adjustment expenses at beginning of period	$	21,268	$	18,194	$	20,032	$	17,757
Unpaid losses and loss adjustment expenses recoverable	6,394		5,686		6,280		5,599
Net reserve for losses and loss adjustment expenses at beginning of period	14,874		12,508		13,752		12,158
Net incurred losses and loss adjustment expenses relating to losses occurring in:
Current year	1,793		1,863		5,012		4,279
Prior years	(146)		(180)		(403)		(492)
Total net incurred losses and loss adjustment expenses	1,647		1,683		4,609		3,787
Net foreign exchange (gains) losses and other	(123)		(245)		(24)		(527)
Net paid losses and loss adjustment expenses relating to losses occurring in:
Current year	(345)		(227)		(700)		(464)
Prior years	(713)		(538)		(2,297)		(1,773)
Total net paid losses and loss adjustment expenses	(1,058)		(765)		(2,997)		(2,237)
Net reserve for losses and loss adjustment expenses at end of period	15,340		13,181		15,340		13,181
Unpaid losses and loss adjustment expenses recoverable	6,496		6,107		6,496		6,107
Reserve for losses and loss adjustment expenses at end of period	$	21,836	$	19,288	$	21,836	$	19,288