Unpaid Losses and Loss Adjustment Expenses (Tables)

12 Months Ended

Dec. 31, 2015

Unpaid Losses And Loss Adjustment Expenses Tables

Unpaid losses and loss adjustment expenses

Crusader’s loss and loss adjustment expense reserves are as follows:

	Year ended December 31
	2015		2014
Direct reserves:
Case reserves	$	17,991,121	$	14,983,886
IBNR reserves		31,102,450		29,412,672
Total direct reserves	$	49,093,571	$	44,396,558
Reserves net of reinsurance:
Case reserves	$	14,696,913	$	13,045,290
IBNR reserves		24,759,697		26,188,493
Total net reserves	$	39,456,610	$	39,233,783

Reserves for Loss and loss adjustment expenses by line of business

Reserves for losses and loss adjustment expenses before reinsurance for each of Crusader’s lines of business are as follows:

	Year ended December 31
Line of Business	2015				2014
CMP	$	48,167,640	98.1	%	$	43,457,425	97.9	%
Other liability		889,867	1.8	%		911,633	2.0	%
Other		36,064	0.1	%		27,500	0.1	%
Total	$	49,093,571	100.0	%	$	44,396,558	100.0	%

Rollforward of loss and loss adjustment expense reserves

The following table provides an analysis of the roll forward of Crusader’s loss and loss adjustment expense reserves, including a reconciliation of the ending balance sheet liability for the periods indicated:

	Year ended December 31
	2015			2014			2013
Reserve for unpaid losses and loss adjustment expenses at beginning of year – net of reinsurance	$	39,233,783		$	39,448,546		$	43,200,582
Incurred losses and loss adjustment expenses:
Provision for insured events of current year		21,607,628			17,925,882			20,648,634
Decrease in provision for incurred events of prior years		(2,444,312	)		(3,308,764	)		(4,559,459	)
Total incurred losses and loss adjustment expenses		19,163,316			14,617,118			16,089,175
Payments:
Losses and loss adjustment expenses attributable to insured events of the current year		6,812,275			4,286,861			8,096,070
Losses and loss adjustment expenses attributable to insured events of prior years		12,128,214			10,545,020			11,745,141
Total payments		18,940,489			14,831,881			19,841,211
Reserve for unpaid losses and loss adjustment expenses at end of year – net of reinsurance		39,456,610			39,233,783			39,448,546
Reinsurance recoverable on unpaid losses and loss adjustment expenses at end of year		9,636,961			5,162,775			4,428,283
Reserve for unpaid losses and loss adjustment expenses at end of year per balance sheet, gross of reinsurance	$	49,093,571		$	44,396,558		$	43,876,829