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Unpaid Losses and Loss Adjustment Expenses | 6 Months Ended
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Jun. 30, 2025
Insurance [Abstract] |
Unpaid Losses and Loss Adjustment Expenses | Unpaid Losses and Loss Adjustment Expenses Our liabilities for unpaid losses and loss adjustment expenses (also referred to as “claim liabilities”) under insurance contracts are based upon estimates of the ultimate claim costs associated with claim occurrences as of the balance sheet date and include estimates for incurred-but-not-reported (“IBNR”) claims. A reconciliation of the changes in claim liabilities, net of reinsurance, for each of the six-month periods ended June 30, 2025 and 2024 follows.
| June 30, 2025 |  | June 30, 2024
Balances at beginning of year: |  |  |
Gross liabilities | $ | 18,028 |  |  | $ | 16,105 |
Reinsurance recoverable on unpaid losses | (778) |  |  | (937) |
Net liabilities | 17,250 |  |  | 15,168 |
Incurred losses and loss adjustment expenses: |  |  |
Current accident year | 23,594 |  |  | 23,539 |
Prior accident years | 872 |  |  | (1,330) |
Total | 24,466 |  |  | 22,209 |
Paid losses and loss adjustment expenses: |  |  |
Current accident year | 18,663 |  |  | 16,653 |
Prior accident years | 5,850 |  |  | 5,029 |
Total | 24,513 |  |  | 21,682 |
Balances at June 30: |  |  |
Net liabilities | 17,203 |  |  | 15,695 |
Reinsurance recoverable on unpaid losses | 612 |  |  | 272 |
Gross liabilities | $ | 17,815 |  |  | $ | 15,967 |
We recorded net increases of $872 for estimated ultimate liabilities for prior accident years in the first six months of 2025, and net reductions of $1,330 in the first six months of 2024. These changes as a percentage of the net liabilities at the beginning of each year were 5.1% in 2025 and 8.8% in 2024.

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- Definition The entire disclosure for liabilities related to future policy benefits and unpaid claims and claim adjustments. + 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/944-40/tableOfContent + Details
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