v3.26.1
LOSS AND LOSS ADJUSTMENT EXPENSE RESERVES (Tables)
6 Months Ended
Jun. 30, 2026
Insurance [Abstract]  
Schedule of Reserve Balance
The following provides a reconciliation of the beginning and ending reserve balances for loss and LAE, net of reinsurance:
Six Months Ended June 30,
20262025
(dollars in millions)
Gross loss and LAE reserves, January 1$483.6 $413.2 
Reinsurance recoverable on unpaid losses(25.4)(48.0)
Net loss and LAE reserves, January 1458.2 365.2 
Net incurred loss and LAE related to:
Current year494.6 452.9 
Prior years(28.5)(14.0)
Total incurred466.1 438.9 
Net paid loss and LAE related to:
Current year222.4 205.9
Prior years231.6 189.7
Total paid454.0 395.6 
Net loss and LAE reserves, June 30
470.3 408.5 
Plus reinsurance recoverable on unpaid losses18.9 36.0 
Gross loss and LAE reserves, June 30
$489.2 $444.5