| Schedule of Roll Forward of Reserve for Loss and Loss Expense |
The table below provides a roll forward of the reserve for loss and loss expense for beginning and ending reserve balances:
| | | | | | | | | | | | | | | | | Six Months ended
June 30, | | ($ in thousands) | | 2026 | | 2025 | | Gross reserve for loss and loss expense, at beginning of period | | $ | 7,225,398 | | | 6,589,801 | | | Less: reinsurance recoverable on unpaid loss and loss expense, at beginning of period | | 877,843 | | | 1,022,245 | | | Net reserve for loss and loss expense, at beginning of period | | 6,347,555 | | | 5,567,556 | | | Incurred loss and loss expense for claims occurring in the: | | | | Current year | | 1,658,989 | | | 1,535,575 | | | Prior years | | (27,219) | | | 34,648 | | | Total incurred loss and loss expense | | 1,631,770 | | | 1,570,223 | | | Paid loss and loss expense for claims occurring in the: | | | | | | Current year | | 342,237 | | | 320,366 | | | Prior years | | 884,034 | | | 865,344 | | | Total paid loss and loss expense | | 1,226,271 | | | 1,185,710 | | | Net reserve for loss and loss expense, at end of period | | 6,753,054 | | | 5,952,069 | | | Add: Reinsurance recoverable on unpaid loss and loss expense, at end of period | | 928,385 | | | 859,087 | | | Gross reserve for loss and loss expense, at end of period | | 7,681,439 | | | 6,811,156 | |
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