XML 44 R29.htm IDEA: XBRL DOCUMENT v3.25.1
Reinsurance (Tables)
 3 Months Ended
Mar. 31, 2025
Insurance [Abstract]  
Summary of Reinsurance Activity
A summary of reinsurance activity is as follows:
(In millions)For the Three Months Ended 
March 31,
 20252024
Net assumed written premiums$25.6 $31.2 
Net premiums earned23.5 21.9 
Provision for claims16.1 17.0 
Amortization of capitalized acquisition costs0.6 0.6 
Schedule of Trust Assets and Reinsurance Liabilities
The trust assets and related reinsurance liabilities are as follows:
(In millions) As of
 Balance Sheet LocationMarch 31, 2025December 31, 2024
Trust assetsRestricted cash and cash equivalents$1.7 $0.3 
Trust assetsRestricted securities available for sale109.0 106.4 
Unearned premiumAccounts payable and accrued liabilities78.0 75.9 
Claims reserve (1)Accounts payable and accrued liabilities5.5 6.0 

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