Schedule of Reconciliation of Unpaid Losses and Settlement Expenses (LAE) |
| | | | | | | | | For the Six Months | | | Ended June 30, | (in thousands) | | 2025 | | 2024 | Unpaid losses and LAE at beginning of year | | | | | | | Gross | | $ | 2,693,470 | | $ | 2,446,025 | Ceded | | | (755,425) | | | (757,349) | Net | | $ | 1,938,045 | | $ | 1,688,676 | | | | | | | | Increase (decrease) in incurred losses and LAE | | | | | | | Current accident year | | $ | 420,433 | | $ | 376,546 | Prior accident years | | | (58,617) | | | (64,923) | Total incurred | | $ | 361,816 | | $ | 311,623 | | | | | | | | Loss and LAE payments for claims incurred | | | | | | | Current accident year | | $ | (35,903) | | $ | (40,078) | Prior accident years | | | (218,788) | | | (197,887) | Total paid | | $ | (254,691) | | $ | (237,965) | | | | | | | | Net unpaid losses and LAE at June 30, | | $ | 2,045,170 | | $ | 1,762,334 | | | | | | | | Unpaid losses and LAE at June 30, | | | | | | | Gross | | $ | 2,806,889 | | $ | 2,544,622 | Ceded | | | (761,719) | | | (782,288) | Net | | $ | 2,045,170 | | $ | 1,762,334 |
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