Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2022

Set forth in the following table is the change in liability for unpaid losses and LAE for the periods presented (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Balance at beginning of period	$	186,349	$	278,658	$	346,216	$	322,465
Less: Reinsurance recoverable	(18,972)		(113,157)		(115,860)		(119,522)
Net balance at beginning of period	167,377		165,501		230,356		202,943
Incurred related to:
Current year	327,729		176,092		708,774		480,782
Prior years	2,715		11,489		7,080		17,983
Total incurred	330,444		187,581		715,854		498,765
Paid related to:
Current year	216,735		180,473		453,350		386,302
Prior years	57,227		42,841		269,001		185,638
Total paid	273,962		223,314		722,351		571,940
Net balance at end of period	223,859		129,768		223,859		129,768
Plus: Reinsurance recoverable	929,768		82,720		929,768		82,720
Balance at end of period	$	1,153,627	$	212,488	$	1,153,627	$	212,488