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Reserve for Losses and Loss Adjustment Expenses - Reconciliation of Reserve Balances for Losses and Loss Adjustment Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |  |
--- | --- | --- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | Dec. 31, 2022
Reconciliation of the beginning and ending reserve balances for losses and loss adjustment expenses (LAE) |  |  |  |  |  |
Reserve for losses and LAE at beginning of period |  |  | $ 260,095 | $ 216,464 |  |
Less: Reinsurance recoverables | $ 26,121 | $ 17,958 | 26,121 | 17,958 | $ 24,104 | $ 14,618
Net reserve for losses and LAE at beginning of period |  |  | 235,991 | 201,846 |  |
Add provision for losses and LAE, net of reinsurance, occurring in: |  |  |  |  |  |
Current period |  |  | 70,584 | 64,070 |  |
Prior years |  |  | (61,005) | (62,990) |  |
Net incurred losses and LAE during the current period | (334) | 1,260 | 9,579 | 1,080 |  |
Deduct payments for losses and LAE, net of reinsurance, occurring in: |  |  |  |  |  |
Current period |  |  | 885 | 31 |  |
Prior years |  |  | 10,118 | 3,910 |  |
Net loss and LAE payments during the current period |  |  | 11,003 | 3,941 |  |
Net reserve for losses and LAE at end of period | 234,567 | 198,985 | 234,567 | 198,985 |  |
Plus: Reinsurance recoverables | 26,121 | 17,958 | 26,121 | 17,958 | $ 24,104 | $ 14,618
Reserve for losses and LAE at end of period | $ 260,688 | $ 216,943 | $ 260,688 | $ 216,943 |  |

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- Definition The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-7 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 9E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-9E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (cc) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-3 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(13)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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- Definition Amount, after effects of reinsurance, of payments to settle claims incurred in the current period and related claims settlement costs. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-3 + Details
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