Allowance for Expected Credit Losses - Premium Receivables and Reinsurance Receivables

12 Months Ended

Dec. 31, 2023

Allowance for Credit Loss [Abstract]

Allowance for Expected Credit Losses - Premium Receivables and Reinsurance Receivables

9.Allowance for Expected Credit Losses - Premium Receivables and Reinsurance Receivables

For premium receivables, the allowance is based upon the Company’s ongoing review of key aspects of amounts outstanding, including but not limited to, length of collection periods, direct placement with collection agencies, solvency of insured or agent, terminated agents, and other relevant factors.

The following table is an analysis of the allowance for expected credit losses related to the Company's premium receivables for the years ended December 31, 2023 and 2022:

	Years Ended December 31,
(Dollars in thousands)	2023			2022
Beginning balance	$	3,322		$	2,996
Current period provision for expected credit losses		1,636			1,796
Write-offs		(162	)		(1,470	)
Ending balance	$	4,796		$	3,322

For reinsurance receivables, the allowance is based upon the Company’s ongoing review of key aspects of amounts outstanding, including but not limited to, length of collection periods, disputes, applicable coverage defenses, insolvent reinsurers, financial strength of solvent reinsurers based on AM Best Ratings and other relevant factors.

The Company's allowance for expected credit losses related to the reinsurance receivables was $9.0 million at December 31, 2023 and 2022.