The following table provides an analysis of changes in our property and casualty losses and loss settlement expense reserves at June 30, 2026 and December 31, 2025 (net of reinsurance amounts):



	June 30, 2026		December 31, 2025
Gross liability for losses and loss settlement expenses at beginning of year	$	1,924,826	$	1,796,782
Ceded losses and loss settlement expenses	(213,633)		(198,083)
Net liability for losses and loss settlement expenses at beginning of year	$	1,711,193	$	1,598,699
Losses and loss settlement expenses incurred for claims occurring during
Current year	$	426,017	$	778,480
Prior years	(5,618)		(14,078)
Total incurred	$	420,399	$	764,402
Losses and loss settlement expense payments for claims occurring during
Current year	$	84,998	$	194,149
Prior years	264,294		457,759
Total paid	$	349,292	$	651,908
Net liability for losses and loss settlement expenses at end of period	$	1,782,300	$	1,711,193
Ceded losses and loss settlement expenses	208,117		213,633
Gross liability for losses and loss settlement expenses at end of period	$	1,990,417	$	1,924,826