v3.26.1
Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)
3 Months Ended
Mar. 31, 2026
Insurance [Abstract]  
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 March 31,

 

(Dollars in thousands)

 

2026

 

 

2025

 

Balance at beginning of period

 

$

750,191

 

 

$

800,391

 

Less: ceded reinsurance receivables

 

 

60,898

 

 

 

60,754

 

Net balance at beginning of period

 

 

689,293

 

 

 

739,637

 

Net losses and loss adjustment expenses related to:

 

 

 

 

 

 

Current year

 

 

53,861

 

 

 

66,735

 

Prior years

 

 

 

 

 

3

 

Total net losses and loss adjustment expenses

 

 

53,861

 

 

 

66,738

 

Paid net losses and loss adjustment expenses related to:

 

 

 

 

 

 

Current year

 

 

10,491

 

 

 

17,991

 

Prior years

 

 

48,309

 

 

 

56,267

 

Total paid net losses and loss adjustment expenses

 

 

58,800

 

 

 

74,258

 

Net balance at end of period

 

 

684,354

 

 

 

732,117

 

Plus: ceded reinsurance receivables

 

 

62,789

 

 

 

62,731

 

Balance at end of period

 

$

747,143

 

 

$

794,848