Loss Reserves (Tables)

6 Months Ended

Jun. 30, 2023

Insurance [Abstract]

Liability for Unpaid Loss and Loss Adjustment Expenses, Net of Related Amounts Recoverable from Reinsurers

The following table provides the Company’s liability for unpaid loss and loss adjustment expenses, net of related amounts recoverable from reinsurers, for the six months ended June 30, 2023 and 2022:

	Six Months Ended June 30,
	2023			2022
	(in thousands)
Balance, beginning of period	$	696,037		$	745,278
Less amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		112,555			119,266
Net balance, beginning of period		583,482			626,012
Add incurred related to:
Current accident year		95,693			97,863
Prior accident years		(21,039	)		(19,796	)
Total incurred		74,654			78,067
Less paid related to:
Current accident year		12,938			14,063
Prior accident years		75,252			82,473
Total paid		88,190			96,536
Net balance, end of period		569,946			607,543
Add amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		114,667			117,348
Balance, end of period	$	684,613		$	724,891

Change in Allowance for Credit Losses on Amounts Recoverable from Reinsurers

The table below presents the change in the allowance for credit losses on amounts recoverable from reinsurers for the three and six months ended June 30, 2023 and 2022.

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2023		2022			2023			2022
	(in thousands)
Balance, beginning of period	$	328	$	388		$	372		$	440
Provision for credit loss expense (benefit)		10		(19	)		(34	)		(71	)
Balance, end of period	$	338	$	369		$	338		$	369