Unpaid Losses and Loss Adjustment Reserve (Tables)

12 Months Ended

Dec. 31, 2021

Unpaid Losses and Loss Adjustment Reserve

Schedule of rollforward of the beginning and ending reserve balances for losses and LAE, gross of reinsurance

	2021
Losses and LAE reserve at April 5	$	84,366
Reinsurance recoverables on losses and LAE		(82,898)
Losses and LAE reserve, net of reinsurance recoverables at April 5		1,468
Add provisions for claims losses and LAE occurring in:
Current year		17,583
Prior year		921
Net incurred losses and LAE during the current year		18,504
Deduct payments for claims losses and LAE occurring in:
Current year		(13,154)
Prior year		(1,621)
Net claim and LAE payments during the current year		(14,775)
Reserve for losses and LAE, net of reinsurance recoverables, at end of year		5,197
Reinsurance recoverables on losses and LAE		56,752
Losses and LAE reserve at December 31	$	61,949

Schedule of incurred and paid losses by accident year, net of reinsurance

The claim counts in the following tables are cumulative reported claim counts as of December 31, 2021 and are equal to the sum of cumulative open and cumulative closed claims, including claims closed without payment. The following supplementary information presents incurred and paid losses by accident year, net of reinsurance ($ in thousands, except for number of claims):

											December 31, 2021
		Incurred losses and allocated loss adjustment expenses, net of reinsurance,											Cumulative
	for the years ended December 31,												Number of
		2017		2018		2019		2020		2021	IBNR Reserves		Reported Claims
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Accident Year
2017	$	8,522	$	7,344	$	6,975	$	6,837	$	6,916	$	—		15,537
2018				7,512		7,041		7,046		7,380		12		8,331
2019						9,666		9,678		9,773		35		10,698
2020								12,664		14,281		176		12,866
2021										19,795		2,754		28,842
Total									$	58,145	$	2,977		76,274

		Cumulative paid losses and allocated adjustment expenses, net of reinsurance,
		for the year ended December 31,
		2017		2018		2019		2020		2021
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Accident Year
2017	$	6,426	$	7,253	$	7,242	$	7,029	$	6,985
2018				5,295		6,690		6,838		7,213
2019						7,405		9,324		9,578
2020								9,750		13,865
2021										15,335
Total									$	52,976
All outstanding losses liabilities before 2017, net of reinsurance										27
Liability for losses and loss adjustment expenses, net of reinsurance									$	5,197

Schedule of average annual percentage payout of accident year incurred claims by age, net of reinsurance

Average annual percentage payout of accident year incurred claims by age, net of reinsurance (unaudited supplementary information) as of December 31, 2021:

1		2		3		4		5
83.5	%	15.6	%	0.7	%	0.3	%	(0.1)	%