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Reinsurance (Tables) | 6 Months Ended
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Jun. 30, 2024
Insurance [Abstract] |
Summary of Reinsurance Activity | A summary of reinsurance activity is as follows:
(In millions) | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net assumed written premiums | $ | 27.3 |  |  | $ | 23.5 |  |  | $ | 58.5 |  |  | $ | 48.9 |
Net premiums earned | 24.3 |  |  | 19.8 |  |  | 46.2 |  |  | 37.2 |
Provision for claims | 20.3 |  |  | 19.7 |  |  | 37.3 |  |  | 37.6 |
Amortization of capitalized acquisition costs | 0.6 |  |  | 0.5 |  |  | 1.2 |  |  | 1.0 |
Schedule of Trust Assets and Reinsurance Liabilities | The trust assets and related reinsurance liabilities are as follows:
(In millions) |  |  | As of
| Balance Sheet Location |  | June 30, 2024 |  | December 31, 2023
Trust assets | Restricted cash and cash equivalents |  | $ | 1.5 |  |  | $ | 1.4 |
Trust assets | Restricted securities available for sale |  | 106.1 |  |  | 93.2 |
Unearned premium | Accounts payable and accrued liabilities |  | 79.9 |  |  | 67.6 |
Claims reserve (1) | Accounts payable and accrued liabilities |  | 6.5 |  |  | 5.6 |
(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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- Definition The tabular 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 No definition available. + Details
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- Definition Schedule Of Trust Assets And Reinsurance Liabilities Table Text Block + References No definition available. + Details
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- References No definition available. + Details
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