Marpai, Inc. Quarterly report pursuant to Section 13 or 15(d)

Loss and Loss Adjustment Expenses

3 Months Ended

Mar. 31, 2024

NOTE 8 – LOSS AND LOSS ADJUSTMENT EXPENSES

The following tables shows changes in aggregate reserves for the Company's loss and loss adjustment expenses:

(in thousands)


	2024		2023
Net reserves at January 1	$	266	$	—
Incurred loss and loss adjustment expenses
Provisions for insured events of the current year		5		84
Change in provision for insured events of prior year		89		—
Total incurred loss and loss adjustment expense		94		84
Payments
Loss and loss adjustment expenses attributable to insured events of the current year		5		—
Loss and loss adjustment expenses attributable to insured events of the prior year		119		—
Total payments		124		—
Net reserves at March 31	$	236	$	84