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Reinsurance

6 Months Ended

Jun. 30, 2022

Insurance [Abstract]

Reinsurance [Text Block]

REINSURANCE

A summary of reinsurance activity is as follows:

(In millions)			For the Three Months Ended  June 30,												For the Six Months Ended  June 30,
			2022						2021						2022						2021
Net assumed written premiums			$	19.1					$	15.1					$	36.8					$	33.8
Net premiums earned			15.4						15.8						29.2						30.2
Provision for claims			12.2						10.3						21.1						19.3
Amortization of capitalized acquisition costs			0.4						0.4						0.8						0.8

The trust assets and related reinsurance liabilities are as follows:

(In millions)									As of
			Balance Sheet location						June 30, 2022						December 31, 2021
Trust assets			Restricted cash and cash equivalents						$	1.0					$	0.3
Trust assets			Restricted securities available for sale						66.0						62.1
Unearned premium			Accounts payable and accrued liabilities						52.2						44.6
Claims reserve (1)			Accounts payable and accrued liabilities						2.9						2.4

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

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- References

No definition available.

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- Definition

The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-URI http://asc.fasb.org/topic&trid=2303980

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