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v3.23.3

Loss and Loss Adjustment Expense Reserves (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2023
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward] |  |  |  |  |
Reserve for losses and LAE gross of reinsurance recoverables on unpaid losses and LAE as of beginning of the period |  |  | $ 293.8 | $ 260.8 |
Less: Reinsurance recoverables on unpaid losses and LAE |  |  | (228.8) | (217.0) |
Reserve for losses and LAE, net of reinsurance recoverables as of beginning of the period |  |  | 65.0 | 43.8 |
Add: Incurred losses and LAE, net of reinsurance, related to: |  |  |  |  |
Current year |  |  | 153.0 | 84.9 |
Prior years |  |  | (2.1) | (9.3) |
Total incurred | $ 36.5 | $ 23.9 | 150.9 | 75.6 |
Deduct: Loss and LAE payments, net of reinsurance, related to: |  |  |  |  |
Current year |  |  | 89.8 | 45.9 |
Prior years |  |  | 15.7 | 15.7 |
Total paid |  |  | 105.5 | 61.6 |
Reserve for losses and LAE, net of reinsurance recoverables at end of period | 110.4 | 57.8 | 110.4 | 57.8 |
Add: Reinsurance recoverables on unpaid losses and LAE at end of period | 249.5 | 263.7 | 249.5 | 263.7 |
Reserve for losses and LAE gross of reinsurance recoverables on unpaid losses and LAE as of end of the period | $ 359.9 | 321.5 | $ 359.9 | 321.5 |
Attritional reserves release |  | 5.0 |  | 5.0 | $ 1.1
Catastrophe reserves release |  | $ 4.3 |  | $ 4.3 | $ 1.0

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- Definition Liability for Unpaid Claims and Claims Adjustment Expense, Catastrophe Reserves Release + References No definition available. + Details
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- Definition The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (cc) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-3 + Details
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- Definition Amount, after effects of reinsurance, of payments to settle claims incurred in the current period and related claims settlement costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -SubTopic 40 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-3 + Details
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- Definition Liability as of the balance sheet date for amounts representing estimated cost of settling unpaid claims under the terms of the underlying insurance policies, less estimated reinsurance recoveries on such claims. This includes an estimate for claims which have been incurred but not reported. Claim adjustment expenses represent the costs estimated to be incurred in the settlement of unpaid claims. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(13)(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (cc) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-3 + Details
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