2025

2024

Gross reserve for unpaid losses and loss adjustment expenses, beginning of period

$

5,873,192

$

5,733,444

Less: reinsurance recoverable on unpaid losses

1,803,865

3,283,071

Net reserve for unpaid losses and loss adjustment expenses, beginning of period

4,069,327

2,450,373

Incurred losses and loss adjustment expenses:

Current year

989,077

816,563

Prior year

177,338

(135,890

)

Total net losses and loss adjustment expense incurred

1,166,415

680,673

Payments:

Current year

466,857

239,500

Prior year

544,141

(32,186

)

Total payments:

1,010,998

207,314

Net reserves for unpaid losses and loss adjustment expenses, end of period

4,224,744

2,923,732

Reinsurance recoverable on unpaid losses, net of allowance

1,804,082

1,674,699

Gross reserves for unpaid losses and loss adjustment expenses, end of period

$

6,028,826

$

4,598,431