v3.26.1
Loss and Loss Adjustment Expense Reserves
 6 Months Ended
Jun. 30, 2026
Insurance [Abstract]  
Loss and Loss Adjustment Expense Reserves Loss and Loss Adjustment Expense Reserves
Ark/WM Outrigger

The following table summarizes the loss and loss adjustment expense (“LAE”) reserve activity of the Ark/WM Outrigger segment for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
Millions2026202520262025
Gross beginning balance$2,585.6 $2,253.9 $2,481.0 $2,127.5 
Less: beginning reinsurance recoverable on unpaid losses(528.6)(480.6)(508.3)(434.4)
Net loss and LAE reserves2,057.0 1,773.3 1,972.7 1,693.1 
Loss and LAE incurred relating to:
Current year losses204.1 181.1 429.1 467.4 
Prior year losses(28.5)(17.1)(46.8)(69.9)
Net incurred loss and LAE175.6 164.0 382.3 397.5 
Loss and LAE paid relating to:
Current year losses(36.5)(29.5)(46.9)(112.7)
Prior year losses(141.4)(104.0)(249.9)(179.8)
Net paid loss and LAE(177.9)(133.5)(296.8)(292.5)
Foreign currency translation and other adjustments
   to loss and LAE reserves		(.9)16.2 (4.4)21.9 
Net ending balance2,053.8 1,820.0 2,053.8 1,820.0 
Plus: ending reinsurance recoverable on unpaid losses570.0 468.5 570.0 468.5 
Gross ending balance$2,623.8 $2,288.5 $2,623.8 $2,288.5 

For the three and six months ended June 30, 2026, the Ark/WM Outrigger segment experienced $28.5 million and $46.8 million of net favorable prior year loss reserve development, driven primarily by favorable development in the property and specialty lines of business. For the three and six months ended June 30, 2025, the Ark/WM Outrigger segment experienced $17.1 million and $69.9 million of net favorable prior year loss reserve development, driven primarily by favorable development in the property, marine & energy and specialty lines of business, partially offset by unfavorable development related to aviation losses from the conflict in Ukraine.

HG Global
As of June 30, 2026 and December 31, 2025, HG Re did not have any outstanding loss and LAE reserves. For the three and six months ended June 30, 2026 and 2025, HG Re did not recognize any incurred loss and LAE.