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Liability for Unpaid Losses and Loss Adjustment Expenses | 3 Months Ended
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Mar. 31, 2025
Insurance [Abstract] |
Liability for Unpaid Losses and Loss Adjustment Expenses | 6. Liability for Unpaid Losses and Loss Adjustment Expenses Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows:
|  | Quarters Ended March 31, |
(Dollars in thousands) |  | 2025 |  |  | 2024 |
Balance at beginning of period |  | $ | 800,391 |  |  | $ | 850,599 |
Less: ceded reinsurance receivables |  |  | 60,754 |  |  |  | 72,829 |
Net balance at beginning of period |  |  | 739,637 |  |  |  | 777,770 |
Net losses and loss adjustment expenses related to: |  |  |  |  |  |
Current year |  |  | 66,735 |  |  |  | 53,383 |
Prior years |  |  | 3 |  |  |  | 1 |
Total net losses and loss adjustment expenses |  |  | 66,738 |  |  |  | 53,384 |
Paid net losses and loss adjustment expenses related to: |  |  |  |  |  |
Current year |  |  | 17,991 |  |  |  | 5,597 |
Prior years |  |  | 56,267 |  |  |  | 43,769 |
Total paid net losses and loss adjustment expenses |  |  | 74,258 |  |  |  | 49,366 |
Net balance at end of period |  |  | 732,117 |  |  |  | 781,788 |
Plus: ceded reinsurance receivables |  |  | 62,731 |  |  |  | 71,814 |
Balance at end of period |  | $ | 794,848 |  |  | $ | 853,602 |
When analyzing unpaid losses and loss adjustment expenses ("loss reserves") and prior year development, the Company considers many factors, including the frequency and severity of claims, loss trends, case reserve settlements that may have resulted in significant development, and any other additional or pertinent factors that may impact reserve estimates.

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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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