| Liability for Unpaid Losses and Loss Adjustment Expenses |
Activity in the liability for losses and LAE is summarized as follows:
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Beginning balance, net (a) |
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$ |
329,778 |
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|
$ |
321,557 |
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|
$ |
314,357 |
|
|
$ |
323,335 |
|
Incurred, net of reinsurance, related to: |
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Current period |
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72,397 |
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|
67,486 |
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|
|
209,073 |
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|
|
191,234 |
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Prior periods |
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|
(7,038 |
) |
|
|
(1,333 |
) |
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|
(7,038 |
) |
|
|
(1,333 |
) |
Total incurred, net of reinsurance |
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|
65,359 |
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|
|
66,153 |
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|
|
202,035 |
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|
|
189,901 |
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Paid, net of reinsurance, related to: |
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Current period |
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(37,237 |
) |
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(42,674 |
) |
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(90,545 |
) |
|
|
(78,826 |
) |
Prior periods |
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|
(19,542 |
) |
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(24,731 |
) |
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(87,489 |
) |
|
|
(114,105 |
) |
Total paid, net of reinsurance |
|
|
(56,779 |
) |
|
|
(67,405 |
) |
|
|
(178,034 |
) |
|
|
(192,931 |
) |
Ending balance, net (a) |
|
|
338,358 |
|
|
|
320,305 |
|
|
|
338,358 |
|
|
|
320,305 |
|
Add: reinsurance recoverable before allowance for credit losses |
|
|
211,249 |
|
|
|
295,330 |
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|
|
211,249 |
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|
|
295,330 |
|
Ending balance |
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$ |
549,607 |
|
|
$ |
615,635 |
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|
$ |
549,607 |
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|
$ |
615,635 |
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(a)Liability for unpaid losses and LAE net of reinsurance recoverable for unpaid losses and LAE.
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