Reserves for Losses and Loss Settlement Expenses (Tables)

6 Months Ended

Jun. 30, 2023

Summary of Changes in Property and Casualty Losses and Loss Settlement Expense Reserves

The following table provides an analysis of changes in our property and casualty losses and loss settlement expense reserves at June 30, 2023 and December 31, 2022 (net of reinsurance amounts):



	June 30, 2023		December 31, 2022
Gross liability for losses and loss settlement expenses at beginning of year	$	1,497,274	$	1,514,265
Ceded losses and loss settlement expenses	(146,875)		(112,900)
Net liability for losses and loss settlement expenses at beginning of year	$	1,350,399	$	1,401,365
Losses and loss settlement expenses incurred for claims occurring during
Current year	$	370,535	$	624,411
Prior years	54,792		12,890
Total incurred	$	425,327	$	637,301
Losses and loss settlement expense payments for claims occurring during
Current year	$	75,485	$	215,891
Prior years	260,444		472,377
Total paid	$	335,929	$	688,268
Net liability for losses and loss settlement expenses at end of period	$	1,439,797	$	1,350,399
Ceded losses and loss settlement expenses	175,034		146,875
Gross liability for losses and loss settlement expenses at end of period	$	1,614,832	$	1,497,274