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Reinsurance (Tables) | 9 Months Ended
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Sep. 30, 2024
Insurance [Abstract] |
Rollforward of Provision for Current Expected Credit Losses of Premiums Receivable | The following table provides a roll forward of the provision for current expected credit losses of the Company's premiums receivable:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
($ in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Beginning balance | $ | 1,962 |  |  | $ | 3,098 |  |  | $ | 3,000 |  |  | $ | 2,856 |
Increase (decrease) in allowance | 46 |  |  | (356) |  |  | (992) |  |  | (114) |
Ending balance | $ | 2,008 |  |  | $ | 2,742 |  |  | $ | 2,008 |  |  | $ | 2,742 |
Rollforward of Provision for Current Expected Credit Losses of Reinsurance Recoverable | The following table provides a roll forward of the provision for current expected credit losses of the Company's reinsurance recoverable:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
($ in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Beginning balance | $ | 755 |  |  | $ | 820 |  |  | $ | 687 |  |  | $ | 777 |
Increase (decrease) in allowance | 78 |  |  | (129) |  |  | 146 |  |  | (86) |
Ending balance | $ | 833 |  |  | $ | 691 |  |  | $ | 833 |  |  | $ | 691 |
Schedule of Paid and Unpaid Losses and Loss Adjustment Expenses Recoverable | The distribution of the Company’s paid losses recoverable and unpaid losses and loss adjustment expenses recoverable as categorized by major rating agencies were as follows:
Classification |  | September 30, 2024 |  | December 31, 2023
Collateralized |  | 24.9 | % |  | 28.5 | %
A- or better |  | 74.9 | % |  | 71.0 | %
Below A- |  | 0.2 | % |  | 0.5 | %
Total |  | 100.0 | % |  | 100.0 | %

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- Definition Tabular disclosure of allowance for credit loss on premium receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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- Definition Tabular disclosure of allowance for credit loss on reinsurance recoverable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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- Definition Tabular disclosure of reinsurer or group of reinsurers for whom the entity has a concentration of credit risk. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 1B -SubTopic 825 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477351/944-825-50-1B + Details
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