Reserve for Unpaid Losses (Tables)

3 Months Ended

Mar. 31, 2022

Insurance [Abstract]

Summary of Reserve for Unpaid Losses

The table below summarizes the activity related to the Company’s reserve for unpaid losses:

	Three Months Ended March 31,
	2022		2021
	(In thousands)
Balance, beginning of period	$	590,166	$	659,341
Less: reinsurance recoverable on unpaid losses		301,757		397,688
Net balance, beginning of period		288,409		261,653
Incurred related to:
Current year		137,626		99,504
Prior years		2,412		(1,595	)
Total incurred		140,038		97,909
Paid related to:
Current year		39,628		25,826
Prior years		77,136		62,266
Total paid		116,764		88,092
Net balance, end of period		311,683		271,470
Plus: reinsurance recoverable on unpaid losses		276,737		366,412
Balance, end of period	$	588,420	$	637,882