Loss Reserves (Tables)

3 Months Ended

Mar. 31, 2021

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 three months ended March 31, 2021 and 2020:

	Three Months Ended March 31,
	2021			2020
	(in thousands)
Balance, beginning of period	$	760,561		$	772,887
Less amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		105,707			95,343
Net balance, beginning of period		654,854			677,544
Add incurred related to:
Current accident year		50,937			57,268
Prior accident years		(11,420	)		(13,621	)
Total incurred		39,517			43,647
Less paid related to:
Current accident year		2,361			2,984
Prior accident years		42,920			43,890
Total paid		45,281			46,874
Net balance, end of period		649,090			674,317
Add amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		110,668			104,966
Balance, end of period	$	759,758		$	779,283

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 months ended March 31, 2021 and 2020:

	Three Months Ended March 31,
	2021		2020
	(in thousands)
Balance, beginning of period	$	452	$	444
Provision for credit loss expense		—		5
Balance, end of period	$	452		449