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Reinsurance and Insurance Loss Reserves
 6 Months Ended
Oct. 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
October 1, 2022October 2, 2021
WrittenEarnedWrittenEarned
Direct premiums
$7,168 $7,338 $6,310 $6,323 
Assumed premiums—nonaffiliated
8,818 8,211 8,240 7,630 
Ceded premiums—nonaffiliated
(4,414)(4,414)(3,714)(3,714)

$11,572 $11,135 $10,836 $10,239 
Six Months Ended
October 1, 2022October 2, 2021
WrittenEarnedWrittenEarned
Direct premiums
$14,896 $14,388 $13,149 $12,319 
Assumed premiums—nonaffiliated
17,846 16,168 16,814 15,008 
Ceded premiums—nonaffiliated
(8,643)(8,643)(7,361)(7,361)

$24,099 $21,913 $22,602 $19,966 
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 $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 claims expense on reported and incurred but not reported ("IBNR") claims of non-reinsured losses. Reserves for claims are included in the Accrued expenses and other current liabilities line item on the Consolidated Balance Sheets and claims expenses are recorded in Cost of sales on the Consolidated Statements of Comprehensive Income. The following details the activity in the reserve for the six months ended October 1, 2022 and October 2, 2021 (in thousands):
Three Months EndedSix Months Ended
October 1,
2022		October 2,
2021		October 1,
2022		October 2,
2021
Balance at beginning of period$8,574 $8,348 $8,149 $7,451 
Net incurred losses during the period7,809 7,282 16,586 15,257 
Net claim payments during the period(8,593)(8,280)(16,945)(15,358)
Balance at end of period$7,790 $7,350 $7,790 $7,350