Loss and Loss Adjustment Expense Reserves (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

The reconciliation of the beginning and ending reserve balances for losses and loss adjustment expenses, net of reinsurance is summarized as follows for the six months ended June 30, (in millions):


	2022		2021
Reserve for losses and LAE gross of reinsurance recoverables on unpaid losses and LAE as of beginning of the period	$	260.8	$	105.1
Reinsurance recoverables on unpaid losses and LAE	(217.0)		(92.1)
Reserve for losses and LAE, net of reinsurance recoverables as of beginning of the period	43.8		13.0
Add: Incurred losses and LAE, net of reinsurance, related to:
Current year	57.7		39.0
Prior years	(6.0)		(0.3)
Total incurred	51.7		38.7
Deduct: Loss and LAE payments, net of reinsurance, related to:
Current year	28.2		19.5
Prior year	12.8		5.1
Total paid	41.0		24.6

Reserve for losses and LAE, net of reinsurance recoverables at end of period	54.5		27.1
Add: Reinsurance recoverables on unpaid losses and LAE at end of period	214.3		168.1
Reserve for losses and LAE gross of reinsurance recoverables on unpaid losses and LAE as of end of the period	$	268.8	$	195.2