| Schedule of Reconciliation of Unpaid Losses and Settlement Expenses (LAE) |
| | | | | | | | | For the Nine Months | | | Ended September 30, | (in thousands) | | 2026 | | 2025 | Unpaid losses and LAE at beginning of year | | | | | | | Gross | | $ | 2,886,819 | | $ | 2,693,470 | Ceded | | | (746,798) | | | (755,425) | Net | | $ | 2,140,021 | | $ | 1,938,045 | | | | | | | | Increase (decrease) in incurred losses and LAE | | | | | | | Current accident year | | $ | 682,665 | | $ | 623,926 | Prior accident years | | | (98,185) | | | (74,112) | Total incurred | | $ | 584,480 | | $ | 549,814 | | | | | | | | Loss and LAE payments for claims incurred | | | | | | | Current accident year | | $ | (72,996) | | $ | (74,868) | Prior accident years | | | (380,986) | | | (309,548) | Total paid | | $ | (453,982) | | $ | (384,416) | | | | | | | | Net unpaid losses and LAE at September 30, | | $ | 2,270,519 | | $ | 2,103,443 | | | | | | | | Unpaid losses and LAE at September 30, | | | | | | | Gross | | $ | 2,997,555 | | $ | 2,873,054 | Ceded | | | (727,036) | | | (769,611) | Net | | $ | 2,270,519 | | $ | 2,103,443 |
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