Loss Reserves (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022 and 2021:

	Six Months Ended June 30,
	2022			2021
	(in thousands)
Balance, beginning of period	$	745,278		$	760,561
Less amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		119,266			105,707
Net balance, beginning of period		626,012			654,854
Add incurred related to:
Current accident year		97,863			101,257
Prior accident years		(19,796	)		(29,317	)
Total incurred		78,067			71,940
Less paid related to:
Current accident year		14,063			12,786
Prior accident years		82,473			79,814
Total paid		96,536			92,600
Net balance, end of period		607,543			634,194
Add amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		117,348			110,775
Balance, end of period	$	724,891		$	744,969

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, 2022 and 2021.

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
	(in thousands)
Balance, beginning of period	$	388		$	452		$	440		$	452
Provision for credit loss benefit		(19	)		(3	)		(71	)		(3	)
Balance, end of period	$	369		$	449		$	369		$	449