The following table presents a reconciliation of the beginning and ending provision for unpaid losses and loss adjustment expenses related to Hagerty Re, net of amounts recoverable from various reinsurers:


	Six months ended June 30,
		2025		2024

		in thousands
Gross reserves for unpaid losses and loss adjustment expenses, beginning		$	168,492	$	136,507
Less: Reinsurance recoverable on unpaid losses and loss adjustment expenses		5,769		2,235
Net reserves for unpaid losses and loss adjustment expenses, beginning		162,723		134,272
Incurred losses and loss adjustment expenses:
Current accident year		146,343		127,085

Total incurred losses and loss adjustment expenses		146,343		127,085
Payments:
Current accident year		21,250		11,409
Prior accident years		47,244		40,376
Total payments		68,494		51,785
Effect of foreign currency rate changes		233		(113)
Net reserves for unpaid losses and loss adjustment expenses, ending		240,805		209,459
Reinsurance recoverable on unpaid losses and loss adjustment expenses		18,138		7,624
Gross reserves for unpaid losses and loss adjustment expenses, ending		$	258,943	$	217,083