XML 44 R32.htm IDEA: XBRL DOCUMENT v3.25.1

LIABILITY FOR UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES (Tables)

3 Months Ended

Mar. 31, 2025

Insurance [Abstract]

Schedule of Changes in Liability for Unpaid Losses and LAE

Set forth in the following table is the change in liability for unpaid losses and LAE for the periods presented (in thousands):

			Three Months Ended March 31,
			2025						2024
Balance at beginning of period			$	959,291					$	510,117
Less: Reinsurance recoverables			(561,936)						(183,435)
Net balance at beginning of period			397,355						326,682
Incurred related to:
Current year			250,555						240,187
Prior years			—						—
Total incurred			250,555						240,187
Paid related to:
Current year			64,435						96,333
Prior years			123,468						141,943
Total paid			187,903						238,276
Net balance at end of period			460,007						328,593
Plus: Reinsurance recoverables			433,670						101,036
Balance at end of period			$	893,677					$	429,629

X

- References

No definition available.

+ Details

Name:	us-gaap_InsuranceAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

+ 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

+ Details

Name:	us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration