POLICY AND CLAIM RESERVES (Tables)

6 Months Ended

Jun. 30, 2021

Insurance [Abstract]

Reconciliation of Policy and Claim Reserves

The following table is a reconciliation of beginning and ending property and casualty reserve balances for claims and claim adjustment expense:

($ in thousands)	Six months ended June 30,
	2021		2020
Summary of claims and claim adjustment expense reserves
Balance, beginning of year	$	10,177	$	7,199
Less reinsurance recoverable on unpaid losses	3,321		249
Net balances at beginning of year	6,856		6,950
Net losses:
Provision for claims and claim adjustment expenses for claims arising in current year	19,571		25,956
Estimated claims and claim adjustment expenses for claims arising in prior years	(907)		(544)
Total increases	18,664		25,412
Claims and claim adjustment expense payments for claims arising in:
Current year	15,321		21,320
Prior years	3,329		3,889
Total payments	18,650		25,209
Net balance at end of period	6,870		7,153
Plus reinsurance recoverable on unpaid losses	1,809		230
Claims and claim adjustment expense reserves at end of period	$	8,679	$	7,383