LIABILITY FOR UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES (Tables)

6 Months Ended

Jun. 30, 2026

Set forth in the following table is the change in liability for unpaid losses and LAE for the periods presented (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Balance at beginning of period	$	668,723	$	893,677	$	680,712	$	959,291
Less: Reinsurance recoverables	(182,464)		(433,670)		(214,344)		(561,936)
Net balance at beginning of period	486,259		460,007		466,368		397,355
Incurred related to:
Current year	244,562		260,234		472,658		510,789
Prior years	—		71		—		71
Total incurred	244,562		260,305		472,658		510,860
Paid related to:
Current year	143,386		143,875		232,321		208,310
Prior years	108,284		147,209		227,554		270,677
Total paid	251,670		291,084		459,875		478,987
Net balance at end of period	479,151		429,228		479,151		429,228
Plus: Reinsurance recoverables	154,462		336,627		154,462		336,627
Balance at end of period	$	633,613	$	765,855	$	633,613	$	765,855