Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2026

The following table provides a reconciliation of changes in the liability for unpaid losses and LAE:


	Six Months Ended June 30,
	2026	2025
Unpaid Loss and LAE beginning of period	$266,591	$475,708
Less: Reinsurance recoverables on unpaid losses and LAE	192,336	415,086
Net unpaid loss and LAE at beginning of period	74,255	60,622
Add: Losses and LAE, net of reinsurance, incurred related to:
Current period	64,876	43,168
Prior period	—	(1,117)
Total net losses and LAE incurred	64,876	42,051
Less: Losses and LAE paid, net of reinsurance, related to:
Current period	19,044	13,528
Prior period	26,204	24,838
Total net paid losses and LAE	45,248	38,366
Unpaid loss and LAE, net of reinsurance at end of period	93,883	64,307
Add: Reinsurance recoverables on unpaid losses and LAE	160,295	314,479
Unpaid loss and LAE at end of period	$254,178	$378,786