XML 60 R50.htm IDEA: XBRL DOCUMENT v3.25.2
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, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of the beginning and ending reserve balances for losses and loss adjustment expenses (LAE)            
Reserve for losses and LAE at beginning of period     $ 328,866 $ 260,095    
Less: Reinsurance recoverables $ 42,065 $ 26,121 42,065 26,121 $ 36,754 $ 24,104
Net reserve for losses and LAE at beginning of period     292,112 235,991    
Add provision for losses and LAE, net of reinsurance, occurring in:            
Current period     96,403 70,584    
Prior years     (48,061) (61,005)    
Net incurred losses and LAE during the current period 17,055 (334) 48,342 9,579    
Deduct payments for losses and LAE, net of reinsurance, occurring in:            
Current period     367 885    
Prior years     17,403 10,118    
Net loss and LAE payments during the current period     17,770 11,003    
Net reserve for losses and LAE at end of period 322,684 234,567 322,684 234,567    
Plus: Reinsurance recoverables 42,065 26,121 42,065 26,121 $ 36,754 $ 24,104
Reserve for losses and LAE at end of period $ 364,749 $ 260,668 $ 364,749 $ 260,668