POLICY AND CLAIM RESERVES (Tables)

9 Months Ended

Sep. 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)	Nine months ended September 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	30,393		38,477
Estimated claims and claim adjustment expenses for claims arising in prior years	(1,292)		(1,214)
Total increases	29,101		37,263
Claims and claim adjustment expense payments for claims arising in:
Current year	25,586		31,637
Prior years	3,768		4,531
Total payments	29,354		36,168
Net balance at end of period	6,603		8,045
Plus reinsurance recoverable on unpaid losses	12,378		2,778
Claims and claim adjustment expense reserves at end of period	$	18,981	$	10,823