The following table provides a roll forward of the Company’s beginning and ending claims and benefits payable balances. Claims and benefits payable is the liability for unpaid loss and loss adjustment expenses and is comprised of case and incurred but not reported (“IBNR”) reserves.

Since unpaid loss and loss adjustment expenses are estimates, the Company’s actual losses incurred may be more or less than the Company’s previously developed estimates, which is referred to as either unfavorable or favorable development, respectively.

The best estimate of ultimate loss and loss adjustment expense is generally selected from a blend of methods that are applied consistently each period. There have been no significant changes in the methodologies and assumptions utilized in estimating the liability for unpaid loss and loss adjustment expenses for any of the periods presented.


	For the Nine Months Ended September 30,
	2022		2021
Claims and benefits payable, at beginning of period	$	1,604.8	$	1,619.9
Less: Reinsurance ceded and other	(825.9)		(850.5)
Net claims and benefits payable, at beginning of period	778.9		769.4
Incurred losses and loss adjustment expenses related to:
Current year	1,728.0		1,714.8
Prior years	32.5		(30.6)
Total incurred losses and loss adjustment expenses	1,760.5		1,684.2
Paid losses and loss adjustment expenses related to:
Current year	1,106.2		1,158.2
Prior years	449.8		447.7
Total paid losses and loss adjustment expenses	1,556.0		1,605.9
Net claims and benefits payable, at end of period	983.4		847.7
Plus: Reinsurance ceded and other (1)	2,039.0		1,057.3
Claims and benefits payable, at end of period (1)	$	3,022.4	$	1,905.0