2025

2024

2023

Balance at the beginning of the year

$

32,443

$

34,647

$

35,415

Losses and LAE incurred

261

247

1,109

Losses and LAE paid

(1,776

)

(2,399

)

(1,934

)

Foreign currency effect

120

(52

)

57

Balance at December 31

$

31,048

$

32,443

$

34,647

Losses and LAE incurred

$

261

$

247

$

1,109

Deferred charge adjustments

693

698

375

Losses and LAE incurred, including deferred charge adjustments

$

954

$

945

$

1,484