v3.25.1
Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)
3 Months Ended
Mar. 31, 2025
Insurance [Abstract]  
Summarized Activity in Liability for Unpaid Losses and Loss Adjustment Expenses

Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows:

 

 

 

Quarters Ended March 31,

 

(Dollars in thousands)

 

2025

 

 

2024

 

Balance at beginning of period

 

$

800,391

 

 

$

850,599

 

Less: ceded reinsurance receivables

 

 

60,754

 

 

 

72,829

 

Net balance at beginning of period

 

 

739,637

 

 

 

777,770

 

Net losses and loss adjustment expenses related to:

 

 

 

 

 

 

Current year

 

 

66,735

 

 

 

53,383

 

Prior years

 

 

3

 

 

 

1

 

Total net losses and loss adjustment expenses

 

 

66,738

 

 

 

53,384

 

Paid net losses and loss adjustment expenses related to:

 

 

 

 

 

 

Current year

 

 

17,991

 

 

 

5,597

 

Prior years

 

 

56,267

 

 

 

43,769

 

Total paid net losses and loss adjustment expenses

 

 

74,258

 

 

 

49,366

 

Net balance at end of period

 

 

732,117

 

 

 

781,788

 

Plus: ceded reinsurance receivables

 

 

62,731

 

 

 

71,814

 

Balance at end of period

 

$

794,848

 

 

$

853,602