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Unpaid Loss and Loss Adjustment Expense (Tables) | 3 Months Ended
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Mar. 31, 2025
Insurance [Abstract] |
Activity in the liability for unpaid loss and LAE | The following table presents the activity in the liability for unpaid loss and loss adjustment expense ("LAE") for the three months ended March 31, 2025 and 2024 ($ in millions):
|  | March 31,
|  | 2025 |  | 2024
Unpaid loss and LAE at beginning of period |  | $ | 298.1 |  |  | $ | 262.3 |
Less: Reinsurance recoverable at beginning of period (1) |  | 149.5 |  |  | 120.2 |
Net unpaid loss and LAE at beginning of period |  | 148.6 |  |  | 142.1 |
Add: Incurred loss and LAE, net of reinsurance, related to: |  |  |  |
Current year |  | 95.8 |  |  | 72.4 |
Prior years |  | (10.4) |  |  | (6.5) |
Total incurred |  | 85.4 |  |  | 65.9 |
Deduct: Paid loss and LAE, net of reinsurance, related to: |  |  |  |
Current year |  | 43.4 |  |  | 33.7 |
Prior years |  | 34.7 |  |  | 35.1 |
Total paid |  | 78.1 |  |  | 68.8 |
Unpaid loss and LAE, net of reinsurance recoverable, at end of period |  | 155.9 |  |  | 139.2 |
Reinsurance recoverable at end of period (1) |  | 151.4 |  |  | 124.8 |
Unpaid loss and LAE, gross of reinsurance recoverable, at end of period |  | $ | 307.3 |  |  | $ | 264.0 |
(1) Reinsurance recoverable in this table includes only ceded unpaid loss and LAE.

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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 + Details
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