| Schedule of Reconciliation of The Beginning And Ending Reserve Balances |
The table below provides a reconciliation of the beginning and ending reserve balances for the three months ended March 31, 2026 and March 31, 2025: | | | | | | | | | | | | | | | | | March 31, 2026 | | March 31, 2025 | | | ($ in thousands) | Gross reserves for losses and loss adjustment expenses, beginning of year | | $ | 1,129,936 | | | $ | 756,859 | | Reinsurance recoverable on unpaid losses, beginning of year | | 381,697 | | | 246,915 | | Net reserves for unpaid losses and loss adjustment expenses, beginning of year | | $ | 748,239 | | | $ | 509,944 | | | | | | | | Net incurred losses and loss adjustment expenses related to: | | | | | | Current accident year | | 90,879 | | | 72,983 | | | Prior accident years | | 602 | | | 444 | | | | 91,481 | | | 73,427 | | | Net paid losses and loss adjustment expenses related to: | | | | | | Current accident year | | 639 | | | 549 | | | Prior accident years | | 31,189 | | | 16,386 | | | | 31,828 | | | 16,935 | | | | | | | Net reserves for unpaid losses and loss adjustment expenses, end of period | | $ | 807,892 | | | $ | 566,436 | | | Reinsurance recoverable on unpaid losses, end of period | | 412,908 | | | 278,788 | | Gross reserves for losses and loss adjustment expenses, end of period | | $ | 1,220,800 | | | $ | 845,224 | |
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