| Liability for Unpaid Loss and Loss Adjustment Expenses, Net of Related Amounts Recoverable from Reinsurers |
The following table provides a reconciliation of the beginning and ending reserve balances, net of related amounts recoverable from reinsurers, for the nine months ended September 30, 2026 and 2025:
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
|
(in thousands) |
|
Balance, beginning of period |
|
$ |
613,583 |
|
|
$ |
651,309 |
|
Less amounts recoverable from reinsurers
on unpaid loss and loss adjustment expenses |
|
|
106,075 |
|
|
|
112,742 |
|
Net balance, beginning of period |
|
|
507,508 |
|
|
|
538,567 |
|
Add incurred related to: |
|
|
|
|
|
|
Current accident year |
|
|
162,480 |
|
|
|
148,718 |
|
Prior accident years |
|
|
(21,786 |
) |
|
|
(26,220 |
) |
Total incurred |
|
|
140,694 |
|
|
|
122,498 |
|
Less paid related to: |
|
|
|
|
|
|
Current accident year |
|
|
42,724 |
|
|
|
35,765 |
|
Prior accident years |
|
|
126,471 |
|
|
|
116,876 |
|
Total paid |
|
|
169,195 |
|
|
|
152,641 |
|
Net balance, end of period |
|
|
479,007 |
|
|
|
508,424 |
|
Add amounts recoverable from reinsurers
on unpaid loss and loss adjustment expenses |
|
|
107,082 |
|
|
|
109,436 |
|
Balance, end of period |
|
$ |
586,089 |
|
|
$ |
617,860 |
|
|
| Change in Allowance for Credit Losses on Amounts Recoverable from Reinsurers |
The table below presents the change in the allowance for credit losses on amounts recoverable from reinsurers for the three and nine months ended September 30, 2026 and 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
(in thousands) |
|
Balance, beginning of period |
|
$ |
217 |
|
|
$ |
290 |
|
|
$ |
264 |
|
|
$ |
300 |
|
Provision for credit loss expense (benefit) |
|
|
24 |
|
|
|
(9 |
) |
|
|
(23 |
) |
|
|
(19 |
) |
Balance, end of period |
|
$ |
241 |
|
|
$ |
281 |
|
|
$ |
241 |
|
|
$ |
281 |
|
|