| Schedule of Reconciliation of Unpaid Losses and Settlement Expenses (LAE) |
| | | | | | | | | For the Six Months | | | Ended June 30, | (in thousands) | | 2026 | | 2025 | Unpaid losses and LAE at beginning of year | | | | | | | Gross | | $ | 2,886,819 | | $ | 2,693,470 | Ceded | | | (746,798) | | | (755,425) | Net | | $ | 2,140,021 | | $ | 1,938,045 | | | | | | | | Increase (decrease) in incurred losses and LAE | | | | | | | Current accident year | | $ | 458,391 | | $ | 420,433 | Prior accident years | | | (75,252) | | | (58,617) | Total incurred | | $ | 383,139 | | $ | 361,816 | | | | | | | | Loss and LAE payments for claims incurred | | | | | | | Current accident year | | $ | (38,884) | | $ | (35,903) | Prior accident years | | | (265,552) | | | (218,788) | Total paid | | $ | (304,436) | | $ | (254,691) | | | | | | | | Net unpaid losses and LAE at June 30, | | $ | 2,218,724 | | $ | 2,045,170 | | | | | | | | Unpaid losses and LAE at June 30, | | | | | | | Gross | | $ | 2,937,211 | | $ | 2,806,889 | Ceded | | | (718,487) | | | (761,719) | Net | | $ | 2,218,724 | | $ | 2,045,170 |
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