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Reserve for Loss and Loss Expense (Tables)

9 Months Ended

Sep. 30, 2025

Insurance Loss Reserves [Abstract]

Schedule of Roll Forward of Reserve for Loss and Loss Expense

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

						Nine Months ended September 30,
($ in thousands)						2025						2024
Gross reserve for loss and loss expense, at beginning of period						$	6,589,801					5,336,911
Less: reinsurance recoverable on unpaid loss and loss expense, at beginning of period						1,022,245						618,601
Net reserve for loss and loss expense, at beginning of period						5,567,556						4,718,310
Incurred loss and loss expense for claims occurring in the:
Current year						2,319,158						2,212,750
Prior years						70,096						182,748
Total incurred loss and loss expense						2,389,254						2,395,498
Paid loss and loss expense for claims occurring in the:
Current year						594,811						638,494
Prior years						1,199,822						1,053,299
Total paid loss and loss expense						1,794,633						1,691,793
Net reserve for loss and loss expense, at end of period						6,162,177						5,422,015
Add: Reinsurance recoverable on unpaid loss and loss expense, at end of period						914,245						1,029,981
Gross reserve for loss and loss expense, at end of period						$	7,076,422					6,451,996

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- References

No definition available.

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- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480081/944-40-50-3

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