| Schedule of Reserve for Unpaid Losses |
The table below summarizes the activity related to the Company’s reserve for unpaid losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
(In thousands) |
|
Balance, beginning of period |
|
$ |
544,043 |
|
|
$ |
848,928 |
|
|
$ |
579,477 |
|
|
$ |
1,042,687 |
|
Less: reinsurance recoverable on unpaid losses |
|
|
226,485 |
|
|
|
509,391 |
|
|
|
269,367 |
|
|
|
675,652 |
|
Net balance, beginning of period |
|
|
317,558 |
|
|
|
339,537 |
|
|
|
310,110 |
|
|
|
367,035 |
|
Incurred related to: |
|
|
|
|
|
|
|
|
|
|
|
|
Current year |
|
|
84,437 |
|
|
|
77,872 |
|
|
|
184,215 |
|
|
|
185,077 |
|
Prior years |
|
|
(23,380 |
) |
|
|
(2,252 |
) |
|
|
(31,561 |
) |
|
|
(10,050 |
) |
Total incurred |
|
|
61,057 |
|
|
|
75,620 |
|
|
|
152,654 |
|
|
|
175,027 |
|
Paid related to: |
|
|
|
|
|
|
|
|
|
|
|
|
Current year |
|
|
59,845 |
|
|
|
47,488 |
|
|
|
91,971 |
|
|
|
103,015 |
|
Prior years |
|
|
23,406 |
|
|
|
39,386 |
|
|
|
75,428 |
|
|
|
110,764 |
|
Total paid |
|
|
83,251 |
|
|
|
86,874 |
|
|
|
167,399 |
|
|
|
213,779 |
|
Net balance, end of period |
|
|
295,364 |
|
|
|
328,283 |
|
|
|
295,364 |
|
|
|
328,283 |
|
Plus: reinsurance recoverable on unpaid losses |
|
|
186,633 |
|
|
|
384,900 |
|
|
|
186,633 |
|
|
|
384,900 |
|
Balance, end of period |
|
$ |
481,997 |
|
|
$ |
713,183 |
|
|
$ |
481,997 |
|
|
$ |
713,183 |
|
|