Liabilities for Losses and Loss Expenses (Tables)

3 Months Ended

Mar. 31, 2022

Liability for Losses and Loss Expenses [Abstract]

Summary of Insurance Subsidiaries' Liabilities for Losses and Loss Expenses

We summarize activity in our insurance subsidiaries’ liabilities for losses and loss expenses as follows:

	Three Months Ended March 31,
	2022			2021
	(in thousands)
Balance at January 1	$	1,077,620		$	962,007
Less reinsurance recoverable		(451,261	)		(404,818	)
Net balance at January 1		626,359			557,189
Incurred related to:
Current year		134,432			127,433
Prior years		(16,549	)		(8,213	)
Total incurred		117,883			119,220
Paid related to:
Current year		40,293			35,584
Prior years		76,088			65,192
Total paid		116,381			100,776
Net balance at end of period		627,861			575,633
Plus reinsurance recoverable		443,726			421,346
Balance at end of period	$	1,071,587		$	996,979