Reserves for Losses and Loss Settlement Expenses (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024 and December 31, 2023 (net of reinsurance amounts):



	March 31, 2024		December 31, 2023
Gross liability for losses and loss settlement expenses at beginning of year	$	1,638,755	$	1,497,274
Ceded losses and loss settlement expenses	(191,640)		(146,875)
Net liability for losses and loss settlement expenses at beginning of year	$	1,447,115	$	1,350,399
Losses and loss settlement expenses incurred for claims occurring during
Current year	$	177,197	$	701,664
Prior years	2,449		67,750
Total incurred	$	179,646	$	769,414
Losses and loss settlement expense payments for claims occurring during
Current year	$	18,625	$	191,899
Prior years	123,225		480,800
Total paid	$	141,850	$	672,699
Net liability for losses and loss settlement expenses at end of period	$	1,484,911	$	1,447,115
Ceded losses and loss settlement expenses	205,974		191,640
Gross liability for losses and loss settlement expenses at end of period	$	1,690,885	$	1,638,755