Reinsurance

6 Months Ended

Jun. 30, 2023

Insurance [Abstract]

Reinsurance [Text Block]

REINSURANCE

A summary of reinsurance activity is as follows:

(In millions)	For the Three Months Ended  June 30,				For the Six Months Ended  June 30,
	2023		2022		2023		2022
Net assumed written premiums	$	23.5	$	19.1	$	48.9	$	36.8
Net premiums earned	19.8		15.4		37.2		29.2
Provision for claims	19.7		12.2		37.6		21.1
Amortization of capitalized acquisition costs	0.5		0.4		1.0		0.8

The trust assets and related reinsurance liabilities are as follows:

(In millions)		As of
	Balance Sheet Location	June 30, 2023		December 31, 2022
Trust assets	Restricted cash and cash equivalents	$	1.0	$	0.4
Trust assets	Restricted securities available for sale	81.4		72.3
Unearned premium	Accounts payable and accrued liabilities	66.1		54.4
Claims reserve (1)	Accounts payable and accrued liabilities	6.3		3.1

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