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Reinsurance and Insurance Loss Reserves
 9 Months Ended
Jan. 01, 2022
Insurance [Abstract]  
Reinsurance and Insurance Loss Reserves Reinsurance and Insurance Loss Reserves
Certain of Standard Casualty's premiums and benefits are assumed from and ceded to other insurance companies under various reinsurance agreements. We remain obligated for amounts ceded in the event that the reinsurers do not meet their obligations.
The effects of reinsurance on premiums written and earned were as follows (in thousands):
Three Months Ended
January 1, 2022December 26, 2020
WrittenEarnedWrittenEarned
Direct premiums
$6,380 $6,557 $5,420 $5,429 
Assumed premiums—nonaffiliated
7,023 7,822 6,541 7,195 
Ceded premiums—nonaffiliated
(3,866)(3,866)(3,146)(3,146)

$9,537 $10,513 $8,815 $9,478 
Nine Months Ended
January 1, 2022December 26, 2020
WrittenEarnedWrittenEarned
Direct premiums
$19,529 $18,876 $16,100 $15,759 
Assumed premiums—nonaffiliated
23,837 22,830 21,787 21,028 
Ceded premiums—nonaffiliated
(11,227)(11,227)(9,201)(9,201)

$32,139 $30,479 $28,686 $27,586 
Typical insurance policies written or assumed have a maximum coverage of $300,000 per claim, of which we cede $125,000 of the risk of loss per reinsurance. Therefore, our risk of loss is limited to the first $175,000 per claim on typical policies, subject to the reinsurers meeting their obligations. After this limit, amounts are recoverable through reinsurance for catastrophic losses in excess of $2 million per occurrence, up to a maximum of $70 million in the aggregate for that occurrence.
Standard Casualty establishes reserves for claims and related expenses on reported and unreported non-reinsured losses. Reserves for claims are included in the Accrued expenses and other current liabilities line item on the Consolidated Balance Sheet and claims expenses is recorded in Cost of sales on the Consolidated Statement of Comprehensive Income. The following details the activity in the reserve for the nine months ended January 1, 2022 and December 26, 2020 (in thousands):
Three Months EndedNine Months Ended
January 1,
2022		December 26,
2020		January 1,
2022		December 26,
2020
Balance at beginning of period$7,350 $6,887 $7,451 $5,582 
Net incurred losses during the year5,046 4,070 20,303 17,529 
Net claim payments during the year(4,916)(5,606)(20,274)(17,760)
Balance at end of period$7,480 $5,351 $7,480 $5,351