Unpaid Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2017

Unpaid Losses And Loss Adjustment Expenses Tables

Loss and loss adjustment expense reserves

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

	Three Months Ended March 31
	2017		2016
Reserve for unpaid losses and loss adjustment expenses at January 1 – gross of reinsurance	$	47,055,787	$	49,093,571
Less reinsurance recoverable on unpaid losses and loss adjustment expenses		9,520,970		9,636,961
Reserve for unpaid losses and loss adjustment expenses at January 1 – net of reinsurance		37,534,817		39,456,610
Incurred losses and loss adjustment expenses:
Provision for insured events of current year		6,497,566		4,723,668
Development of insured events of prior years		2,027,615		361,826
Total incurred losses and loss adjustment expenses		8,525,181		5,085,494
Loss and loss adjustment expense payments:
Attributable to insured events of the current year		1,035,179		465,024
Attributable to insured events of prior years		5,020,402		4,705,011
Total payments		6,055,581		5,170,035
Reserve for unpaid losses and loss adjustment expenses at March 31 – net of reinsurance		40,004,417		39,372,069
Reinsurance recoverable on unpaid losses and loss adjustment expenses		9,885,632		10,639,215
Reserve for unpaid losses and loss adjustment expenses at March 31 – gross of reinsurance	$	49,890,049	$	50,011,284