Annual report [Section 13 and 15(d), not S-K Item 405]

INSURANCE LOSS RESERVES AND LOSS AND LOSS ADJUSTMENT EXPENSES (Tables)

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INSURANCE LOSS RESERVES AND LOSS AND LOSS ADJUSTMENT EXPENSES (Tables)
12 Months Ended
Dec. 31, 2024
Insurance [Abstract]  
Schedule of Loss Reserve Liability
The table below summarizes BIGRM's losses incurred during the years ended December 31, 2024, 2023, and 2022 as well as rollforwards of the loss reserve liability for each of the respective periods then ended (in thousands):
Year Ended December 31,
2024 2023 2022
Balance as of beginning of year $ 12,684  $ 9,445  $ 8,086 
Losses incurred, related to:
Current year 16,442 9,915 7,034
Prior years 5,824 512 (935)
Total incurred 22,266 10,427 6,099
Losses paid, related to:
Current year (4,371) (1,529) (786)
Prior years (9,319) (5,659) (3,954)
Total paid (13,690) (7,188) (4,740)
Balance as of end of year $ 21,260  $ 12,684  $ 9,445