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Allowance for Expected Credit Losses - Premium Receivables and Reinsurance Receivables
 12 Months Ended
Dec. 31, 2022
Allowance for Credit Loss [Abstract]  
Allowance for Expected Credit Losses - Premium Receivables and Reinsurance Receivables
10.
Allowance for Expected Credit Losses - Premium Receivables and Reinsurance Receivables

For premium receivables, the allowance is based upon the Company’s ongoing review of key aspects of amounts outstanding, including but not limited to, length of collection periods, direct placement with collection agencies, solvency of insured or agent, terminated agents, and other relevant factors.

 

The following table is an analysis of the allowance for expected credit losses related to the Company's premium receivables for the years ended December 31, 2022 and 2021:

 

 

 

Years Ended December 31,

 

(Dollars in thousands)

 

2022

 

 

2021

 

Beginning balance

 

$

2,996

 

 

$

2,900

 

Current period provision for expected credit losses

 

 

1,796

 

 

 

1,033

 

Write-offs

 

 

(1,470

)

 

 

(937

)

Ending balance

 

$

3,322

 

 

$

2,996

 

 

For reinsurance receivables, the allowance is based upon the Company’s ongoing review of key aspects of amounts outstanding, including but not limited to, length of collection periods, disputes, applicable coverage defenses, insolvent reinsurers, financial strength of solvent reinsurers based on AM Best Ratings and other relevant factors.

 

The following table is an analysis of the allowance for expected credit losses related to the Company's reinsurance receivables for the years ended December 31, 2022 and 2021:

 

 

 

Years Ended December 31,

 

(Dollars in thousands)

 

2022

 

 

2021

 

Beginning balance

 

$

8,992

 

 

$

8,992

 

Current period provision for expected credit losses

 

 

—

 

 

 

(71

)

Write-offs

 

 

—

 

 

 

—

 

Recoveries of amounts previously written off

 

 

—

 

 

 

71

 

Ending balance

 

$

8,992

 

 

$

8,992