POLICY AND CLAIM RESERVES (Tables)

3 Months Ended

Mar. 31, 2022

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)	Three months ended March 31,
	2022		2021
Summary of claims and claim adjustment expense reserves
Balance, beginning of year	$	8,930	$	10,177
Less reinsurance recoverable on unpaid losses	2,139		3,321
Net balances at beginning of year	6,791		6,856
Net losses:
Provision for claims and claim adjustment expenses for claims arising in current year	8,737		9,034
Estimated claims and claim adjustment expenses for claims arising in prior years	(995)		(1,078)
Total increases	7,742		7,956
Claims and claim adjustment expense payments for claims arising in:
Current year	4,922		5,280
Prior years	2,427		2,416
Total payments	7,349		7,696
Net balance at end of period	7,184		7,116
Plus reinsurance recoverable on unpaid losses	2,033		2,393
Claims and claim adjustment expense reserves at end of period	$	9,217	$	9,509