v3.26.1
Reserve for Losses and Loss Adjustment Expenses (Tables)
3 Months Ended
Mar. 31, 2026
Insurance [Abstract]  
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 year90,879 72,983 
Prior accident years602 444 
91,481 73,427 
Net paid losses and loss adjustment expenses related to:
Current accident year639 549 
Prior accident years31,189 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 period412,908 278,788 
Gross reserves for losses and loss adjustment expenses, end of period
$1,220,800 $845,224