General form of registration statement for all companies including face-amount certificate companies

Loss and Loss Adjustment Expenses (Tables)

v3.23.3
Loss and Loss Adjustment Expenses (Tables)
 6 Months Ended
Jun. 30, 2023
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]  
Schedule of Changes in Aggregate Reserves of Loss and Loss Adjustment Expenses
The following tables shows changes in aggregate reserves for the Company’s loss and loss adjustment expenses:
 
    
June 30, 2023
     
June 30, 2022
  
Net reserves at January 1,
    $ —        $ —    
Incurred loss and loss adjustment expenses
      
Provisions for insured events of the current year
      147,415        —    
Change in provision for insured events of prior year
      —          —    
  
 
 
     
 
 
  
Total incurred loss and loss adjustment expense
      147,415        —    
Payments
      
Loss and loss adjustment expenses attributable to insured events of the current year
      4,268        —    
Loss and loss adjustment expenses attributable to insured events of the prior year
      —          —    
  
 
 
     
 
 
  
Total payments
      4,268        —    
  
 
 
     
 
 
  
Net reserves at June 30,
    $ 143,147      $ —    
  
 
 
     
 
 
  
 
    
June 30, 2023
     
June 30, 2022
  
Net reserves at April 1,
    $ 84,412      $ —    
Incurred loss and loss adjustment expenses
      
Provisions for insured events of the current year
      63,003        —    
Change in provision for insured events of prior year
      —          —    
  
 
 
     
 
 
  
Total incurred loss and loss adjustment expense
      63,003        —    
Payments
      
Loss and loss adjustment expenses attributable to insured events of the current year
      4,268        —    
Loss and loss adjustment expenses attributable to insured events of the prior year
      —          —    
  
 
 
     
 
 
  
Total payments
      4,268        —    
  
 
 
     
 
 
  
Net reserves at June 30,
    $ 143,147      $ —