SCHEDULE VI — SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters [Abstract]

SCHEDULE VI — SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY INSURANCE OPERATIONS

SCHEDULE VI — SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY

INSURANCE OPERATIONS

	As of and Years Ended December 31,
($ in thousands)	2023		2022
Deferred policy acquisition costs	$	91,955	$	68,938
Reserve for losses and loss adjustment expenses	1,314,501		1,141,757
Unearned premiums	552,532		442,509
Net earned premium(1)	829,143		615,994
Net investment income	40,322		36,931
Losses and loss adjustment expenses (current year)(1)	516,664		393,939
Losses and loss adjustment expenses (prior years)(1)(2)	—		14,385
Amortization of policy acquisition costs(1)	108,514		65,695
Paid claims and claim adjustment expenses(1)	363,418		300,764
Net premiums written(1)	910,691		675,543
Ceded unearned premium	186,121		157,645
Deferred ceding commission	37,057		29,849
(1) Amount is presented net of reinsurance
(2) Amount does not include gain on retroactive reinsurance which is included in losses and loss adjustment expenses presented on the Consolidated Statements of Operations