Reinsurance (Tables)

3 Months Ended

Mar. 31, 2024

Insurance [Abstract]

Summary of Reinsurance Activity

A summary of reinsurance activity is as follows:

(In millions)	For the Three Months Ended  March 31,
	2024		2023
Net assumed written premiums	$	31.2	$	25.4
Net premiums earned	21.9		17.4
Provision for claims	17.0		17.9
Amortization of capitalized acquisition costs	0.6		0.5

Schedule of Trust Assets and Reinsurance Liabilities

The trust assets and related reinsurance liabilities are as follows:

(In millions)		As of
	Balance Sheet Location	March 31, 2024		December 31, 2023
Trust assets	Restricted cash and cash equivalents	$	3.0	$	1.4
Trust assets	Restricted securities available for sale	99.9		93.2
Unearned premium	Accounts payable and accrued liabilities	76.9		67.6
Claims reserve (1)	Accounts payable and accrued liabilities	5.6		5.6

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