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Property and Casualty Insurance Activity (Tables)

9 Months Ended

Sep. 30, 2022

Property and Casualty Insurance Activity

Schedule Of Earned Premiums

		Direct				Assumed				Ceded				Net

Nine months ended September 30, 2022
Premiums written		$	147,353,911			$	-			$	(58,743,773	)		$	88,610,138
Change in unearned premiums			(6,029,774	)			-				1,356,060				(4,673,714	)
Premiums earned		$	141,324,137			$	-			$	(57,387,713	)		$	83,936,424

Nine months ended September 30, 2021
Premiums written		$	131,609,930			$	-			$	(21,854,398	)		$	109,755,532
Change in unearned premiums			(2,911,439	)			-				(15,198	)			(2,926,637	)
Premiums earned		$	128,698,491			$	-			$	(21,869,596	)		$	106,828,895

Three months ended September 30, 2022
Premiums written		$	54,591,551			$	-			$	(20,925,381	)		$	33,666,170
Change in unearned premiums			(5,636,421	)			-				1,331,227				(4,305,194	)
Premiums earned		$	48,955,130			$	-			$	(19,594,154	)		$	29,360,976

Three months ended September 30, 2021
Premiums written		$	48,865,169			$	-			$	(7,223,526	)		$	41,641,643
Change in unearned premiums			(4,848,145	)			-				9,753				(4,838,392	)
Premiums earned		$	44,017,024			$	-			$	(7,213,773	)		$	36,803,251

Schedule Of Loss And Loss Adjustment Expenses

		Nine months ended
		September 30,
		2022				2021

Balance at beginning of period		$	94,948,745			$	82,801,228
Less reinsurance recoverables			(10,637,679	)			(20,154,251	)
Net balance, beginning of period			84,311,066				62,646,977

Incurred related to:
Current year			62,910,967				79,070,646
Prior years			713,788				(10,529	)
Total incurred			63,624,755				79,060,117

Paid related to:
Current year			35,774,958				35,408,412
Prior years			26,938,462				17,586,958
Total paid			62,713,420				52,995,370

Net balance at end of period			85,222,401				88,711,724
Add reinsurance recoverables			21,706,497				12,332,394
Balance at end of period		$	106,928,898			$	101,044,118

Schedule Of Ceding Commission Revenue

All Lines of Business
*(in thousands, except reported claims data)*
																																										As of
		Incurred Loss and Allocated Loss Adjustment Expenses, Net of Reinsurance																																								September 30, 2022
		For the Years Ended December 31,																																				Nine Months Ended September 30,								Cumulative Number of Reported Claims by Accident
Accident Year		2013				2014				2015				2016				2017				2018				2019				2020				2021				2022				IBNR				Year
		(Unaudited 2013 - 2021)																																				(Unaudited)

2013		$	10,728			$	9,745			$	9,424			$	9,621			$	10,061			$	10,089			$	10,607			$	10,495			$	10,529			$	10,493			$	3				1,564
2014							14,193				14,260				14,218				14,564				15,023				16,381				16,428				16,434				16,496				34				2,138
2015											22,340				21,994				22,148				22,491				23,386				23,291				23,528				23,533				239				2,559
2016															26,062				24,941				24,789				27,887				27,966				27,417				27,411				101				2,881
2017																			31,605				32,169				35,304				36,160				36,532				36,553				270				3,398
2018																							54,455				56,351				58,441				59,404				60,535				446				4,229
2019																											75,092				72,368				71,544				71,386				3,074				4,494
2020																															63,083				62,833				62,043				3,504				5,861
2021																																			96,425				97,038				9,236				5,779
2022																																							58,735				13,837				3,236
																																		Total				$	464,223

All Lines of Business
*(in thousands)*
		Cumulative Paid Loss and Allocated Loss Adjustment Expenses, Net of Reinsurance
		For the Years Ended December 31,																																				Nine Months Ended September 30,
Accident Year		2013				2014				2015				2016				2017				2018				2019				2020				2021				2022
		(Unaudited 2013 - 2021)																																				(Unaudited)

2013		$	3,405			$	5,303			$	6,633			$	7,591			$	8,407			$	9,056			$	9,717			$	10,016			$	10,392			$	10,471
2014							5,710				9,429				10,738				11,770				13,819				14,901				15,491				15,770				16,083
2015											12,295				16,181				18,266				19,984				21,067				22,104				22,318				22,462
2016															15,364				19,001				21,106				23,974				25,234				25,750				26,244
2017																			16,704				24,820				28,693				31,393				32,529				32,928
2018																							32,383				44,516				50,553				52,025				53,657
2019																											40,933				54,897				58,055				59,933
2020																															39,045				50,719				52,632
2021																																			56,282				75,291
2022																																							32,981
																																		Total				$	382,681

Net liability for unpaid loss and allocated loss adjustment expenses for the accident years presented																																						$	81,542
All outstanding liabilities before 2013, net of reinsurance																																							264
Liabilities for loss and allocated loss adjustment expenses, net of reinsurance																																						$	81,806

Incurred Loss And Allocated Loss Adjustment Expenses

Reconciliation of the Disclosure of Incurred and Paid Loss Development
to the Liability for Loss and LAE Reserves

		As of
*(in thousands)*		September 30, 2022
Liabilities for allocated loss and loss adjustment expenses, net of reinsurance		$	81,806
Total reinsurance recoverable on unpaid losses			21,706
Unallocated loss adjustment expenses			3,416
Total gross liability for loss and LAE reserves		$	106,929

Cumulative Paid Loss And Allocated Loss Adjustment Expenses

		Treaty Period
						(2021/2023 Treaty)
		January 2,				July 1,				December 31,				July 1,				December 31,
		2023				2022				2021				2021				2020
		to				to				to				to				to
		June 30,				January 1,				June 30,				December 30,				June 30,
Line of Business		2023				2023				2022				2021				2021

Personal Lines:
Homeowners, dwelling fire and and canine legal liability
Quota share treaty:
Percent ceded (9)		None (8)					30	%			30	%		None (5)				None (5)
Risk retained on intial $1,000,000 of losses (5) (7) (8) (9)		$	1,000,000			$	700,000			$	700,000			$	1,000,000			$	1,000,000
Losses per occurrence subject to quota share reinsurance coverage		None (8)				$	1,000,000			$	1,000,000			None (5)				None (5)
Expiration date			(8)			January 1, 2023				January 1, 2023				NA (5)				NA (5)
Excess of loss coverage and facultative facility coverage (1) (7)		$	8,000,000			$	8,400,000			$	8,400,000			$	8,000,000			$	8,000,000
		in excess of				in excess of				in excess of				in excess of				in excess of
		$	1,000,000			$	600,000			$	600,000			$	1,000,000			$	1,000,000
Total reinsurance coverage per occurrence (5) (7) (8)		$	8,000,000			$	8,500,000			$	8,500,000			$	8,000,000			$	8,000,000
Losses per occurrence subject to reinsurance coverage (5) (8)		$	8,000,000			$	9,000,000			$	9,000,000			$	9,000,000			$	9,000,000
Expiration date (8)		June 30, 2023				June 30, 2023				June 30, 2022				June 30, 2022				June 30, 2021

Catastrophe Reinsurance:
Initial loss subject to personal lines quota share treaty			(8)				10,000,000				10,000,000			None (5)				None (5)
Risk retained per catastrophe occurrence (5) (8) (9) (10)		$	10,000,000			$	7,400,000			$	7,400,000			$	10,000,000			$	10,000,000
Catastrophe loss coverage in excess of quota share coverage (2) (5) (8)		$	335,000,000			$	335,000,000			$	490,000,000			$	490,000,000			$	475,000,000
Catastrophe stub coverage for the period from October 18, 2021 through December 31, 2021 (6)		NA				NA				NA				$	5,000,000			NA
														in excess of
														$	5,000,000
Reinstatement premium protection (3) (4)		Yes				Yes				Yes				Yes				Yes

		Treaty Year
		July 1, 2022				July 1, 2021				July 1, 2020
		to				to				to
Line of Business		June 30, 2023				June 30, 2022				June 30, 2021

Personal Lines:
Personal Umbrella
Quota share treaty:
Percent ceded - first $1,000,000 of coverage			90	%			90	%			90	%
Percent ceded - excess of $1,000,000 dollars of coverage			95	%			95	%			95	%
Risk retained		$	300,000			$	300,000			$	300,000
Total reinsurance coverage per occurrence		$	4,700,000			$	4,700,000			$	4,700,000
Losses per occurrence subject to quota share reinsurance coverage		$	5,000,000			$	5,000,000			$	5,000,000
Expiration date		June 30, 2023				June 30, 2022				June 30, 2021

Commercial Lines (1):
General liability commercial policies
Quota share treaty										None
Risk retained										$	750,000
Excess of loss coverage above risk retained										$	3,750,000
										in excess of
										$	750,000
Total reinsurance coverage per occurrence										$	3,750,000
Losses per occurrence subject to reinsurance coverage										$	4,500,000

Commercial Umbrella
Quota share treaty										None

Reconciliation Of The Net Incurred And Paid Claims

		Three months ended								Nine months ended
		September 30,								September 30,
		2022				2021				2022				2021

Provisional ceding commissions earned		$	4,881,580			$	40,578			$	14,116,044			$	135,666
Contingent ceding commissions earned			4,514				(47,854	)			167,033				(98,266	)
		$	4,886,094			$	(7,276	)		$	14,283,077			$	37,400