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

5,015,026

1,892,367

Prior year

(633,744

)

395,263

Total net losses and loss adjustment expense incurred

4,381,282

2,287,630

Payments:

Current year

2,468,942

525,389

Prior year

1,213,480

1,055,526

Total payments:

3,682,422

1,580,915

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

4,768,187

3,157,088

Reinsurance recoverable on unpaid losses, net of allowance

3,153,365

1,816,021

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

$

7,921,552

$

4,973,109