Loss Reserves (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 2021 and 2020:

	Six Months Ended June 30,
	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		101,257			112,342
Prior accident years		(29,317	)		(31,165	)
Total incurred		71,940			81,177
Less paid related to:
Current accident year		12,786			13,629
Prior accident years		79,814			78,303
Total paid		92,600			91,932
Net balance, end of period		634,194			666,789
Add amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		110,775			101,978
Balance, end of period	$	744,969		$	768,767

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, 2021 and 2020.

	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
	(in thousands)
Balance, beginning of period	$	452		$	449		$	452		$	444
Provision for credit loss benefit		(3	)		(61	)		(3	)		(56	)
Balance, end of period	$	449		$	388		$	449		$	388