Reserve for Loss and Loss Expense

6 Months Ended

Jun. 30, 2022

The table below provides a roll forward of reserve for loss and loss expense for beginning and ending reserve balances:


	Six Months ended June 30,
($ in thousands)	2022		2021
Gross reserve for loss and loss expense, at beginning of period	$	4,580,903	4,260,355
Less: reinsurance recoverable on unpaid loss and loss expense, at beginning of period	578,641		554,269
Net reserve for loss and loss expense, at beginning of period	4,002,262		3,706,086
Incurred loss and loss expense for claims occurring in the:
Current year	1,041,778		886,801
Prior years	(22,674)		(51,777)
Total incurred loss and loss expense	1,019,104		835,024
Paid loss and loss expense for claims occurring in the:
Current year	272,401		227,505
Prior years	570,868		455,919
Total paid loss and loss expense	843,269		683,424
Net reserve for loss and loss expense, at end of period	4,178,097		3,857,686
Add: Reinsurance recoverable on unpaid loss and loss expense, at end of period	544,082		579,567
Gross reserve for loss and loss expense at end of period	$	4,722,179	4,437,253

Prior year reserve development in Six Months 2022 was favorable by $22.7 million, consisting of $32.0 million of favorable casualty reserve development, partially offset by $9.3 million of unfavorable property reserve development. The favorable casualty reserve development included $20.0 million in our workers compensation line of business, $7.0 million in our bonds line of business, and $5.0 million in our general liability line of business.

Prior year reserve development in Six Months 2021 was favorable by $51.8 million, consisting of $52.0 million of casualty reserve development. The favorable casualty reserve development included $25.0 million in our general liability line of business, $20.0 million in our workers compensation line of business, and $7.0 million in our Excess and Surplus (E&S") casualty lines of business.