Reinsurance

9 Months Ended

Sep. 30, 2023

Insurance [Abstract]

Reinsurance [Text Block]

REINSURANCE

A summary of reinsurance activity is as follows:

(In millions)	For the Three Months Ended  September 30,				For the Nine Months Ended  September 30,
	2023		2022		2023		2022
Net assumed written premiums	$	22.6	$	18.8	$	71.5	$	55.6
Net premiums earned	20.8		16.4		58.0		45.6
Provision for claims	16.5		12.9		54.1		34.0
Amortization of capitalized acquisition costs	0.3		0.3		1.3		1.1

The trust assets and related reinsurance liabilities are as follows:

(In millions)		As of
	Balance Sheet Location	September 30, 2023		December 31, 2022
Trust assets	Restricted cash and cash equivalents	$	1.7	$	0.4
Trust assets	Restricted securities available for sale	86.2		72.3
Unearned premium	Accounts payable and accrued liabilities	67.9		54.4
Claims reserve (1)	Accounts payable and accrued liabilities	5.7		3.1

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