Loss and Loss Adjustment Expense Reserves (Tables)

6 Months Ended

Jun. 30, 2022

Loss And Loss Adjustment Expense Reserves

Summary of Changes in Outstanding Loss and Loss Adjustment Expense Reserves

A summary of changes in outstanding loss and loss adjustment expense reserves for the six months ended June 30, 2022 and 2021, is as follows:

(in thousands)	Six months ended June 30,
	2022			2021
Balance, beginning of period, gross of reinsurance	$	2,133		$	–
Less: reinsurance recoverable on loss and LAE expense reserves		–			–
Balance, beginning of period, net of reinsurance	$	2,133		$	–
Incurred related to:		–			–
Current year		2,638			835
Prior year		753			–
Paid related to:
Current year		(1,590	)		(157	)
Prior years		(1,051	)		–
Balance, June 30, net of reinsurance	$	2,883		$	678
Plus: reinsurance recoverable related to loss and LAE expense reserves		–			–
Balance, June 30, gross of reinsurance	$	2,883		$	678