| Schedule of Reconciliation of The Beginning And Ending Reserve Balances |
The table below provides a reconciliation of the beginning and ending reserve balances for the nine months ended September 30, 2026 and September 30, 2025: | | | | | | | | | | | | | | | | | September 30,
2026 | | September 30,
2025 | | | ($ in thousands) | Gross reserves for losses and loss adjustment expenses, beginning of year | | $ | 1,129,936 | | | $ | 756,859 | | Reinsurance recoverable on unpaid losses, beginning of year | | 381,697 | | | 246,915 | | Net reserves for unpaid losses and loss adjustment expenses, beginning of year | | $ | 748,239 | | | $ | 509,944 | | | | | | | | Net incurred losses and loss adjustment expenses related to: | | | | | | Current accident year | | 287,831 | | | 234,926 | | | Prior accident years | | 1,644 | | | 2,009 | | | | 289,475 | | | 236,935 | | | Net paid losses and loss adjustment expenses related to: | | | | | | Current accident year | | 3,554 | | | 2,663 | | | Prior accident years | | 100,672 | | | 56,838 | | | | 104,226 | | | 59,501 | | | | | | | Net reserves for unpaid losses and loss adjustment expenses, end of period | | $ | 933,488 | | | $ | 687,378 | | | Reinsurance recoverable on unpaid losses, end of period | | 498,864 | | | 347,793 | | Gross reserves for losses and loss adjustment expenses, end of period | | $ | 1,432,352 | | | $ | 1,035,171 | |
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