v3.25.2
Reinsurance and Insurance Loss Reserves (Tables)
3 Months Ended
Jun. 28, 2025
Insurance [Abstract]  
Schedule of Effects of Reinsurance
The effects of reinsurance on premiums written and earned were as follows (in thousands):

Three Months Ended
June 28, 2025June 29, 2024
WrittenEarnedWrittenEarned
Direct premiums
$12,151 $11,532 $13,503 $12,302 
Assumed premiums—nonaffiliated
11,482 10,870 11,735 9,504 
Ceded premiums—nonaffiliated
(7,710)(7,710)(8,185)(8,185)

$15,923 $14,692 $17,053 $13,621 
Schedule of Loss Reserve Rollforward
The following details the activity in the incurred but not reported reserve for the three months ended June 28, 2025 and June 29, 2024 (in thousands):
Three Months Ended
June 28,
2025
June 29,
2024
Balance at beginning of period$16,201 $10,540 
Net incurred losses during the period11,103 17,963 
Net claim payments during the period(14,186)(9,576)
Balance at end of period$13,118 $18,927