| Liability for Unpaid Loss and Loss Adjustment Expenses, Net of Related Amounts Recoverable from Reinsurers |
The following table provides a reconciliation of the beginning and ending reserve balances, net of related amounts recoverable from reinsurers, for the six months ended June 30, 2026 and 2025:
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
|
(in thousands) |
|
Balance, beginning of period |
|
$ |
613,583 |
|
|
$ |
651,309 |
|
Less amounts recoverable from reinsurers
on unpaid loss and loss adjustment expenses |
|
|
106,075 |
|
|
|
112,742 |
|
Net balance, beginning of period |
|
|
507,508 |
|
|
|
538,567 |
|
Add incurred related to: |
|
|
|
|
|
|
Current accident year |
|
|
109,689 |
|
|
|
98,170 |
|
Prior accident years |
|
|
(14,908 |
) |
|
|
(17,351 |
) |
Total incurred |
|
|
94,781 |
|
|
|
80,819 |
|
Less paid related to: |
|
|
|
|
|
|
Current accident year |
|
|
15,598 |
|
|
|
15,305 |
|
Prior accident years |
|
|
94,892 |
|
|
|
90,805 |
|
Total paid |
|
|
110,490 |
|
|
|
106,110 |
|
Net balance, end of period |
|
|
491,799 |
|
|
|
513,276 |
|
Add amounts recoverable from reinsurers
on unpaid loss and loss adjustment expenses |
|
|
102,291 |
|
|
|
110,819 |
|
Balance, end of period |
|
$ |
594,090 |
|
|
$ |
624,095 |
|
|
| Change in Allowance for Credit Losses on Amounts Recoverable from Reinsurers |
The table below presents the change in the allowance for credit losses on amounts recoverable from reinsurers for the three and six months ended June 30, 2026 and 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
(in thousands) |
|
Balance, beginning of period |
|
$ |
227 |
|
|
$ |
294 |
|
|
$ |
264 |
|
|
$ |
300 |
|
Provision for credit loss benefit |
|
|
(10 |
) |
|
|
(4 |
) |
|
|
(47 |
) |
|
|
(10 |
) |
Balance, end of period |
|
$ |
217 |
|
|
$ |
290 |
|
|
$ |
217 |
|
|
$ |
290 |
|
|