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Unpaid Losses and Loss Adjustment Reserve (Tables) | 12 Months Ended
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Dec. 31, 2022
Unpaid Losses and Loss Adjustment Reserve |
Schedule of rollforward of the beginning and ending reserve balances for unpaid losses and LAE, gross of reinsurance | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended | ​ | Period Ended
​ | ​ | December 31, 2022 | ​ | December 31, 2021
Reserve for unpaid losses and LAE, at January 1, 2022 and April 5, 2021 | ​ | $ | 61,949 | ​ | $ | 84,366
Reinsurance recoverables on losses and LAE | ​ |  | (56,752) | ​ |  | (82,898)
Losses and LAE reserve, net of reinsurance recoverables, at January 1, 2022 and April 5, 2021 | ​ | ​ | 5,197 | ​ | ​ | 1,468
Add provisions for losses and LAE occurring in: | ​ | ​ | ​ | ​ | ​ | ​
Current year | ​ | ​ | 55,148 | ​ | ​ | 17,583
Prior year | ​ | ​ | 1,155 | ​ | ​ | 921
Net incurred losses and LAE during the current year | ​ | ​ | 56,303 | ​ | ​ | 18,504
Deduct payments for losses and LAE occurring in: | ​ | ​ | ​ | ​ | ​ | ​
Current year | ​ | ​ | (32,111) | ​ | ​ | (13,154)
Prior year | ​ | ​ | (5,756) | ​ | ​ | (1,621)
Net claim and LAE payments during the current year | ​ | ​ | (37,867) | ​ | ​ | (14,775)
Reserve for losses and LAE, net of reinsurance recoverables, at end of year | ​ | ​ | 23,633 | ​ | ​ | 5,197
Reinsurance recoverables on losses and LAE | ​ | ​ | 76,999 | ​ | ​ | 56,752
Reserve for unpaid losses and LAE, at December 31 | ​ | $ | 100,632 | ​ | $ | 61,949
​
Schedule of incurred and paid losses by accident year, net of reinsurance | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | December 31, 2022
​ | ​ | ​ | Incurred losses and allocated loss adjustment expenses, net of reinsurance, | ​ | ​ | ​ | ​ | Cumulative
​ | ​ | for the years ended December 31, |  | ​ | ​ |  | Number of
​ | ​ | ​ | 2018 | ​ | ​ | 2019 | ​ | ​ | 2020 | ​ | ​ | 2021 | ​ | ​ | 2022 | ​ | IBNR Reserves |  | Reported Claims
​ | ​ | (unaudited) | ​ | (unaudited) | ​ | (unaudited) | ​ | (unaudited) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accident Year | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2018 | ​ | $ | 7,512 |  | $ | 7,041 | ​ | $ | 7,046 | ​ | $ | 7,380 | ​ | $ | 7,396 | ​ | $ | — | ​ | ​ | 8,369
2019 | ​ |  | ​ |  |  | 9,666 | ​ |  | 9,678 | ​ |  | 9,773 | ​ |  | 9,786 | ​ |  | 20 | ​ |  | 10,790
2020 | ​ |  | ​ |  |  | ​ | ​ |  | 12,664 | ​ |  | 14,281 | ​ |  | 14,587 | ​ |  | 84 | ​ |  | 13,152
2021 | ​ |  | ​ |  |  | ​ | ​ |  | ​ | ​ |  | 19,795 | ​ |  | 20,614 | ​ |  | 976 | ​ |  | 34,548
2022 | ​ |  | ​ |  |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | 55,110 | ​ |  | 14,575 | ​ |  | 18,550
Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 107,493 | ​ | $ | 15,655 | ​ | ​ | 85,409
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Cumulative paid losses and allocated adjustment expenses, net of reinsurance,
​ | ​ |  | for the year ended December 31,
​ | ​ | ​ | 2018 | ​ | ​ | 2019 | ​ | ​ | 2020 | ​ | ​ | 2021 | ​ | ​ | 2022
​ | ​ | (unaudited) | ​ | (unaudited) | ​ | (unaudited) | ​ | (unaudited) | ​ | ​ | ​
Accident Year | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2018 | ​ | $ | 5,295 |  | $ | 6,690 | ​ | $ | 6,838 | ​ | $ | 7,213 | ​ | $ | 7,345
2019 | ​ |  | ​ |  |  | 7,405 | ​ |  | 9,324 | ​ |  | 9,578 | ​ |  | 9,694
2020 | ​ |  | ​ |  |  | ​ | ​ |  | 9,750 | ​ |  | 13,865 | ​ |  | 14,142
2021 | ​ |  | ​ |  |  | ​ | ​ |  | ​ | ​ |  | 15,335 | ​ |  | 20,569
2022 | ​ |  | ​ |  |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | 32,073
Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 83,823
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liability for losses and loss adjustment expenses, net of reinsurance | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 23,669
​
Schedule of average annual percentage payout of accident year incurred claims by age, net of reinsurance | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
1 | ​ | 2 | ​ | 3 | ​ | 4 | ​ | 5
83.8 | % | ​ | 15.1 | % | ​ | 0.8 | % | ​ | 0.6 | % | ​ | 0.2 | %

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