Loss Reserves (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2021 and 2020:

	Nine Months Ended September 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		149,947			166,551
Prior accident years		(48,346	)		(45,585	)
Total incurred		101,601			120,966
Less paid related to:
Current accident year		30,023			27,986
Prior accident years		112,535			105,832
Total paid		142,558			133,818
Net balance, end of period		613,897			664,692
Add amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		106,892			95,220
Balance, end of period	$	720,789		$	759,912

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 nine months ended September 30, 2021 and 2020.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
	(in thousands)
Balance, beginning of period	$	449		$	388		$	452		$	444
Provision for credit loss benefit		(60	)		(9	)		(63	)		(65	)
Balance, end of period	$	389		$	379		$	389		$	379