| Schedule of Reconciliation of The Beginning And Ending Reserve Balances |
The table below provides a reconciliation of the beginning and ending reserve balances for the six months ended June 30, 2026 and June 30, 2025: | | | | | | | | | | | | | | | | | June 30,
2026 | | June 30,
2025 | | | ($ in thousands) | Gross reserves for losses and loss adjustment expenses, beginning of year | | $ | 1,129,936 | | | $ | 756,859 | | Reinsurance recoverable on unpaid losses, beginning of year | | 381,697 | | | 246,915 | | Net reserves for unpaid losses and loss adjustment expenses, beginning of year | | $ | 748,239 | | | $ | 509,944 | | | | | | | | Net incurred losses and loss adjustment expenses related to: | | | | | | Current accident year | | 187,672 | | | 151,768 | | | Prior accident years | | 755 | | | 559 | | | | 188,427 | | | 152,327 | | | Net paid losses and loss adjustment expenses related to: | | | | | | Current accident year | | 1,952 | | | 1,547 | | | Prior accident years | | 70,170 | | | 26,690 | | | | 72,122 | | | 28,237 | | | | | | | Net reserves for unpaid losses and loss adjustment expenses, end of period | | $ | 864,544 | | | $ | 634,034 | | | Reinsurance recoverable on unpaid losses, end of period | | 454,100 | | | 316,685 | | Gross reserves for losses and loss adjustment expenses, end of period | | $ | 1,318,644 | | | $ | 950,719 | |
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