v3.25.2
Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2024
Credit Loss [Abstract]  
Premium Receivable, Allowance for Credit Loss The following tables set forth the changes in the allowance for expected credit losses on premiums receivable for the years ended December 31, 2024 and 2023
($ in thousands)Premiums Receivable, NetAllowance for Estimated Uncollectible Premiums
Balance at December 31, 2023$179,235 $964 
Current period change for estimated uncollectible premiums3,235 
Write-offs of uncollectible premiums receivable(1,895)
Recoveries of amounts previously written off128 
Balance at December 31, 2024$321,641 $2,432 
($ in thousands)Premiums Receivable, NetAllowance for Estimated Uncollectible Premiums
Balance at December 31, 2022$139,215 $629 
Cumulative effect of adoption of ASU 2016-13 at January 1, 2023— 
Current period change for estimated uncollectible premiums748 
Write-offs of uncollectible premiums receivable(513)
Recoveries of amounts previously written off100 
Balance at December 31, 2023$179,235 $964 
Reinsurance Recoverable, Credit Quality Indicator The following table sets forth the Company’s reinsurance recoverables net of credit enhancements by A.M. Best as of December 31, 2024:
December 31, 2024
A.M. Best RatingReinsurance Recoverables, Gross, Amortized CostPercent of Total
A- and above$837,807 97.4 %
B++ to B+6,021 0.7 
Not rated16,343 1.9 
Reinsurance Recoverable, Allowance for Credit Loss The following tables set forth the changes in the allowance for estimated uncollectible reinsurance for the years ended December 31, 2024 and 2023:
($ in thousands)Reinsurance Recoverables, NetAllowance for Estimated Uncollectible Reinsurance
Balance at December 31, 2023$596,334 $2,295 
Current period change for estimated uncollectible reinsurance13,585 
Write-offs of uncollectible reinsurance recoverables(13,585)
Balance at December 31, 2024$857,876 $2,295 
($ in thousands)Reinsurance Recoverables, NetAllowance for Estimated Uncollectible Reinsurance
Balance at December 31, 2022$581,359 $— 
Cumulative effect of adoption of ASU 2016-13 at January 1, 20232,295 
Current period change for estimated uncollectible reinsurance— 
Write-offs of uncollectible reinsurance recoverables— 
Balance at December 31, 2023$596,334 $2,295