| Summarized Activity in Liability for Unpaid Losses and Loss Adjustment Expenses |
Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows:
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Quarters Ended June 30, |
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Six Months Ended June 30, |
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(Dollars in thousands) |
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2026 |
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2025 |
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2026 |
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2025 |
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Balance at beginning of period |
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$ |
747,143 |
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$ |
794,848 |
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|
$ |
750,191 |
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$ |
800,391 |
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Less: ceded reinsurance receivables |
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62,789 |
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62,731 |
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|
60,898 |
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|
60,754 |
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Net balance at beginning of period |
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|
684,354 |
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|
732,117 |
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|
689,293 |
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|
739,637 |
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Net losses and loss adjustment expenses related to: |
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Current year |
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53,047 |
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52,946 |
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106,908 |
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|
119,681 |
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Prior years |
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— |
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2 |
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— |
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5 |
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Total net losses and loss adjustment expenses |
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53,047 |
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52,948 |
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106,908 |
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|
119,686 |
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Paid net losses and loss adjustment expenses related to: |
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Current year |
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8,971 |
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15,785 |
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19,462 |
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33,776 |
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Prior years |
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71,490 |
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52,631 |
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|
|
119,799 |
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|
108,898 |
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Total paid net losses and loss adjustment expenses |
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|
80,461 |
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|
68,416 |
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|
|
139,261 |
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|
|
142,674 |
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Net balance at end of period |
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|
656,940 |
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|
716,649 |
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656,940 |
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|
716,649 |
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Plus: ceded reinsurance receivables |
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|
61,575 |
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|
59,478 |
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61,575 |
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|
59,478 |
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Balance at end of period |
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$ |
718,515 |
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$ |
776,127 |
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$ |
718,515 |
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$ |
776,127 |
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