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Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2025

Insurance [Abstract]

Summarized Activity in 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 September 30,								Nine Months Ended September 30,
(Dollars in thousands)		2025				2024				2025				2024
Balance at beginning of period		$	776,127			$	844,206			$	800,391			$	850,599
Less: ceded reinsurance receivables			59,478				70,392				60,754				72,829
Net balance at beginning of period			716,649				773,814				739,637				777,770
Net losses and loss adjustment expenses related to:
Current year			49,919				52,434				169,600				159,561
Prior years			(44	)			(34	)			(39	)			(115	)
Total net losses and loss adjustment expenses			49,875				52,400				169,561				159,446
Paid net losses and loss adjustment expenses related to:
Current year			13,208				8,415				46,984				32,501
Prior years			50,425				48,520				159,323				135,436
Total paid net losses and loss adjustment expenses			63,633				56,935				206,307				167,937
Net balance at end of period			702,891				769,279				702,891				769,279
Plus: ceded reinsurance receivables			58,790				70,897				58,790				70,897
Balance at end of period		$	761,681			$	840,176			$	761,681			$	840,176

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- References

No definition available.

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- 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

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