XML 46 R31.htm IDEA: XBRL DOCUMENT v3.24.0.1
Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2023
Reinsurance [Abstract]  
Schedule Of Reinsurance Activity
A summary of reinsurance activity is as follows:

(In millions)For the Years Ended December 31,
 202320222021
Net assumed written premiums$92.8 $72.5 $56.4 
Net premiums earned79.6 62.7 60.3 
Provision for claims70.7 46.4 38.8 
Amortization of capitalized acquisition costs1.9 1.5 1.4 
Schedule Of Trust Assets And Reinsurance Liabilities
The trust assets and related reinsurance liabilities are as follows:
(In millions) As of December 31,
 Balance Sheet location20232022
Trust assetsRestricted cash and cash equivalents$1.4 $0.4 
Trust assetsRestricted securities available for sale93.2 72.3 
Unearned premiumAccounts payable and accrued liabilities67.6 54.4 
Claims reserve (1)Accounts payable and accrued liabilities5.6 3.1 

(1)    The claims reserve represents our liability for incurred-but-not-reported claims and is estimated based on historical claims experience.
Cumulative Incurred Claims
The following tables present information about incurred and paid claims development for the five-year period ended December 31, 2023:

(Dollars in millions)
Cumulative Incurred ClaimsAs of December 31, 2023
Incident YearAs of December 31,Claims ReserveCumulative Number of Reported Claims
20192020202120222023
2019$30.1 $30.2 $30.2 $30.2 $30.2 $— 24,422 
202037.7 37.6 37.7 37.7 — 28,208 
202138.9 39.2 39.3 — 28,834 
202246.0 47.7 — 30,441 
202368.9 5.6 36,538 
Total$223.8 $5.6 148,443 
Cumulative Paid Claims
(In millions)Cumulative Paid Claims
As of December 31,
Incident Year20192020202120222023
2019$28.3 $30.2 $30.2 $30.2 $30.2 
202035.4 37.6 37.7 37.7 
202136.5 39.2 39.3 
202242.9 47.7 
202363.3 
Total$218.2 
Percentage Payout Of Incurred Claims
Average Annual Percentage Payout of Incurred Claims by Age
Claim Age (Years)12345
Payout Percentage92.3 %7.5 %0.2 %— %— %