Annual report pursuant to Section 13 and 15(d)

Insurance Loss Reserves and Loss and Loss Adjustment Expenses (Tables)

v3.22.0.1
Insurance Loss Reserves and Loss and Loss Adjustment Expenses (Tables)
 12 Months Ended
Dec. 31, 2021
Loss And Loss Adjustment Liability And Expenses [Abstract]  
Loss incurred and loss reserve liability.

The table below summarizes BIGRM's losses incurred during the years ended December 31, 2021, 2020 and 2019 as well as rollforwards of the loss reserve liability for each of the respective periods then ended.

 

(in thousands)

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Balance as of beginning of year

 

$

4,436

 

 

$

3,754

 

 

$

3,256

 

Losses incurred, related to:

 

 

 

 

 

 

 

 

 

Current year

 

 

8,387

 

 

 

3,117

 

 

 

3,019

 

Prior years

 

 

(569

)

 

 

(249

)

 

 

(649

)

Total incurred

 

 

7,818

 

 

 

2,868

 

 

 

2,370

 

 

 

 

 

 

 

 

 

 

 

Losses paid, related to:

 

 

 

 

 

 

 

 

 

Current year

 

 

(2,012

)

 

 

(219

)

 

 

(414

)

Prior years

 

 

(2,156

)

 

 

(1,967

)

 

 

(1,458

)

Total paid

 

 

(4,168

)

 

 

(2,186

)

 

 

(1,872

)

Balance as of end of year

 

$

8,086

 

 

$

4,436

 

 

$

3,754