| Summarized Activity in Liability for Unpaid Losses and Loss Adjustment Expenses |
Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarters Ended June 30, |
|
|
Six Months Ended June 30, |
|
(Dollars in thousands) |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Balance at beginning of period |
|
$ |
794,848 |
|
|
$ |
853,602 |
|
|
$ |
800,391 |
|
|
$ |
850,599 |
|
Less: ceded reinsurance receivables |
|
|
62,731 |
|
|
|
71,814 |
|
|
|
60,754 |
|
|
|
72,829 |
|
Net balance at beginning of period |
|
|
732,117 |
|
|
|
781,788 |
|
|
|
739,637 |
|
|
|
777,770 |
|
Net losses and loss adjustment expenses related to: |
|
|
|
|
|
|
|
|
|
|
|
|
Current year |
|
|
52,946 |
|
|
|
53,744 |
|
|
|
119,681 |
|
|
|
107,127 |
|
Prior years |
|
|
2 |
|
|
|
(82 |
) |
|
|
5 |
|
|
|
(81 |
) |
Total net losses and loss adjustment expenses |
|
|
52,948 |
|
|
|
53,662 |
|
|
|
119,686 |
|
|
|
107,046 |
|
Paid net losses and loss adjustment expenses related to: |
|
|
|
|
|
|
|
|
|
|
|
|
Current year |
|
|
15,785 |
|
|
|
18,489 |
|
|
|
33,776 |
|
|
|
24,086 |
|
Prior years |
|
|
52,631 |
|
|
|
43,147 |
|
|
|
108,898 |
|
|
|
86,916 |
|
Total paid net losses and loss adjustment expenses |
|
|
68,416 |
|
|
|
61,636 |
|
|
|
142,674 |
|
|
|
111,002 |
|
Net balance at end of period |
|
|
716,649 |
|
|
|
773,814 |
|
|
|
716,649 |
|
|
|
773,814 |
|
Plus: ceded reinsurance receivables |
|
|
59,478 |
|
|
|
70,392 |
|
|
|
59,478 |
|
|
|
70,392 |
|
Balance at end of period |
|
$ |
776,127 |
|
|
$ |
844,206 |
|
|
$ |
776,127 |
|
|
$ |
844,206 |
|
|