v3.25.2
LIABILITY FOR UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES (Tables)
 6 Months Ended
Jun. 30, 2025
Insurance [Abstract]  
Schedule of Changes in Liability for Unpaid Losses and LAE
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
June 30,		Six Months Ended
June 30,
 2025202420252024
Balance at beginning of period$893,677 $429,629 $959,291 $510,117 
Less: Reinsurance recoverables(433,670)(101,036)(561,936)(183,435)
Net balance at beginning of period460,007 328,593 397,355 326,682 
Incurred related to:  
Current year260,234 243,572 510,789 483,759 
Prior years71 — 71 — 
Total incurred260,305 243,572 510,860 483,759 
Paid related to:  
Current year143,875 151,587 208,310 247,921 
Prior years147,209 109,051 270,677 250,993 
Total paid291,084 260,638 478,987 498,914 
Net balance at end of period429,228 311,527 429,228 311,527 
Plus: Reinsurance recoverables 336,627 33,121 336,627 33,121 
Balance at end of period$765,855 $344,648 $765,855 $344,648