Liability for Unpaid Losses and Loss Adjustment Expenses - Schedule of Reconciliation of Changes in the Liability for Unpaid Losses And LAE (Detail) - USD ($) $ in Thousands |
3 Months Ended | |
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Mar. 31, 2025 |
Mar. 31, 2024 |
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Insurance [Abstract] | ||
Unpaid Loss and LAE beginning of period | $ 475,708 | $ 279,392 |
Less: Reinsurance recoverables on unpaid losses and LAE | 415,086 | 214,718 |
Net unpaid loss and LAE at beginning of period | 60,622 | 64,674 |
Add: Losses and LAE, net of reinsurance, incurred related to: | ||
Current period | 20,283 | 19,865 |
Prior period | 579 | 500 |
Total net losses and LAE incurred | 20,862 | 20,365 |
Less: Losses and LAE paid, net of reinsurance, related to: | ||
Current period | 4,017 | 4,824 |
Prior period | 15,701 | 17,213 |
Total net paid losses and LAE | 19,718 | 22,037 |
Unpaid loss and LAE, net of reinsurance at end of period | 61,766 | 63,001 |
Add: Reinsurance recoverables on unpaid losses and LAE | 369,854 | 198,617 |
Unpaid loss and LAE at end of period | $ 431,620 | $ 261,619 |
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- References No definition available.
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- Definition The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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X | ||||||||||
- Definition Amount, after effects of reinsurance, of payments to settle claims incurred in the current period and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after effects of reinsurance, of payments to settle claims incurred in prior periods and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after effects of reinsurance, of expense (reversal of expense) for claims incurred and costs incurred in the claim settlement process. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Liability as of the balance sheet date for amounts representing estimated cost of settling unpaid claims under the terms of the underlying insurance policies, less estimated reinsurance recoveries on such claims. This includes an estimate for claims which have been incurred but not reported. Claim adjustment expenses represent the costs estimated to be incurred in the settlement of unpaid claims. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after effects of reinsurance, of payments to settle insured claims and pay costs incurred in the claims settlement process. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after valuation allowance, recoverable under reinsurance contracts for losses reported to the ceding insurer but not yet paid and amounts expected for incurred losses and settlement expenses, which have not yet been reported to the ceding insurer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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X | ||||||||||
- Definition Amount, after effects of reinsurance, of expense for claims incurred in the current reporting period and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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X | ||||||||||
- Definition Amount, after effects of reinsurance, of expense (reversal of expense) for claims incurred in prior reporting periods and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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