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Historical Loss And LAE Development (Tables)
3 Months Ended
Mar. 31, 2024
Historical Loss And L A E Development Disclosure [Abstract]  
Schedule of Reconciliation of Unpaid Losses and Settlement Expenses (LAE)

For the Three Months

Ended March 31,

(in thousands)

 

2024

 

2023

Unpaid losses and LAE at beginning of year

Gross

$

2,446,025

$

2,315,637

Ceded

(757,349)

(740,089)

Net

$

1,688,676

$

1,575,548

Increase (decrease) in incurred losses and LAE

Current accident year

$

186,217

$

166,270

Prior accident years

(42,393)

(51,782)

Total incurred

$

143,824

$

114,488

Loss and LAE payments for claims incurred

Current accident year

$

(12,975)

$

(7,983)

Prior accident years

(102,011)

(95,905)

Total paid

$

(114,986)

$

(103,888)

Net unpaid losses and LAE at March 31,

$

1,717,514

$

1,586,148

Unpaid losses and LAE at March 31,

Gross

$

2,532,190

$

2,286,063

Ceded

(814,676)

(699,915)

Net

$

1,717,514

$

1,586,148