XML 116 R104.htm IDEA: XBRL DOCUMENT v3.24.3
Related-Party Transactions - Reinsurance Agreement (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Related Party Transaction [Line Items]          
Premiums receivable $ 201,992   $ 201,992   $ 137,525
Commissions receivable 18,987   18,987   79,115
Deferred acquisition costs, net 168,635   168,635   141,637
Other current assets 77,995   77,995   49,293
Total assets 1,818,012   1,818,012   1,588,212
Losses payable and provision for unpaid losses and loss adjustment expenses 258,836   258,836   198,508
Commissions payable 94,005   94,005   108,739
Unearned premiums 385,619   385,619   317,275
TOTAL LIABILITIES 1,209,790   1,209,790   1,094,867
Earned premium (165,686) $ (139,785) (474,917) $ (384,498)  
Ceding commission, net (77,501) (65,413) (221,877) (181,188)  
Losses and loss adjustment expenses (99,430) (57,485) (226,515) (159,461)  
Total operating expenses 313,285 259,457 847,927 738,289  
State Farm | Reinsurance Agreement | Affiliated Entity          
Related Party Transaction [Line Items]          
Commissions receivable 2,338   2,338   1,963
Deferred acquisition costs, net (4,646)   (4,646)   (3,898)
Other current assets 13,169   13,169   9,268
Total assets 10,861   10,861   7,333
Accounts payable, accrued expenses and other current liabilities 4,497   4,497   3,775
TOTAL LIABILITIES 4,497   4,497   3,775
Earned premium (4,089) (1,645) (12,111) (3,035)  
Ceding commission, net (2,126) (855) (6,298) (1,578)  
Losses and loss adjustment expenses (906) (329) (4,510) (607)  
Total operating expenses 3,032 1,184 10,808 2,185  
Markel | Reinsurance Agreement | Affiliated Entity          
Related Party Transaction [Line Items]          
Premiums receivable 195,802   195,802   134,376
Commissions receivable 568   568   630
Deferred acquisition costs, net 171,776   171,776   141,880
Other current assets 2,602   2,602   1,915
Total assets 370,748   370,748   278,801
Accounts payable, accrued expenses and other current liabilities 899   899   1,553
Losses payable and provision for unpaid losses and loss adjustment expenses 246,883   246,883   189,520
Commissions payable 91,406   91,406   107,286
Unearned premiums 373,038   373,038   307,504
TOTAL LIABILITIES 712,226   712,226   $ 605,863
Earned premium (170,921) (140,674) (489,577) (384,646)  
Ceding commission, net (79,193) (64,391) (226,589) (177,568)  
Losses and loss adjustment expenses (98,070) (55,909) (227,491) (153,758)  
Total operating expenses $ 177,263 $ 120,300 $ 454,080 $ 331,326