The following table presents the activity in the liability for unpaid loss and loss adjustment expense ("LAE") for the six months ended June 30, 2026 and 2025 ($ in millions): | | | | | | | | | | | | | | | | | June 30, | | | 2026 | | 2025 | | Unpaid loss and LAE at beginning of period | | $ | 303.1 | | | $ | 298.1 | | Less: Reinsurance recoverable at beginning of period (1) | | 133.8 | | | 149.5 | | | Net unpaid loss and LAE at beginning of period | | 169.3 | | | 148.6 | | | Add: Incurred loss and LAE, net of reinsurance, related to: | | | | | | Current year | | 303.7 | | | 175.5 | | | Prior years | | (16.4) | | | (12.6) | | | Total incurred | | 287.3 | | | 162.9 | | | Deduct: Paid loss and LAE, net of reinsurance, related to: | | | | | | Current year | | 197.0 | | | 101.0 | | | Prior years | | 68.7 | | | 54.5 | | | Total paid | | 265.7 | | | 155.5 | | | | | | | | Unpaid loss and LAE, net of reinsurance recoverable, at end of period | | 190.9 | | | 156.0 | | Reinsurance recoverable at end of period (1) | | 116.6 | | | 153.8 | | | Unpaid loss and LAE, gross of reinsurance recoverable, at end of period | | $ | 307.5 | | | $ | 309.8 | |
(1) Reinsurance recoverable in this table includes only ceded unpaid loss and LAE.
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