Reinsurance

3 Months Ended

Mar. 31, 2020

Insurance [Abstract]

Reinsurance [Text Block]

REINSURANCE

A summary of reinsurance activity is as follows:

(In millions)	For the Three Months Ended   March 31,
	2020		2019
Net assumed written premiums	$	17.3	$	15.8
Net premiums earned	12.9		12.2
Provision for claims	8.8		6.6
Amortization of capitalized acquisition costs	0.4		0.3

The trust assets and related reinsurance liabilities are as follows:

(In millions)		As of
	Balance Sheet location	March 31, 2020		December 31, 2019
Trust assets	Restricted cash and cash equivalents	$	0.9	$	0.9
Trust assets	Restricted securities available for sale	63.2		59.3
Unearned premium	Accounts payable and accrued liabilities	48.5		44.1
Claims reserve (1)	Accounts payable and accrued liabilities	2.1		1.8

(1)

The claims reserve represents our liability for incurred-but-not-reported claims and is estimated based on historical claims experience.