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Reinsurance

3 Months Ended

Mar. 31, 2021

A summary of reinsurance activity is as follows:


(In millions)	For the Three Months Ended March 31,
	2021		2020
Net assumed written premiums	$	18.7	$	17.3
Net premiums earned	14.4		12.9
Provision for claims	9.0		8.8
Amortization of capitalized acquisition costs	0.4		0.4

The trust assets and related reinsurance liabilities are as follows:


(In millions)		As of
	Balance Sheet location	March 31, 2021		December 31, 2020
Trust assets	Restricted cash and cash equivalents	$	0.5	$	0.7
Trust assets	Restricted securities available for sale	68.1		66.1
Unearned premium	Accounts payable and accrued liabilities	52.8		48.5
Claims reserve (1)	Accounts payable and accrued liabilities	2.3		2.3

(1) The claims reserve represents our liability for incurred-but-not-reported claims and is estimated based on historical claims experience.