Unpaid Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 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:

	Six Months Ended June 30
	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		12,064,708		10,327,095
Development of insured events of prior years		2,369,147		(382,844	)
Total incurred losses and loss adjustment expenses		14,433,855		9,944,251
Loss and loss adjustment expense payments:
Attributable to insured events of the current year		2,700,347		1,900,477
Attributable to insured events of prior years		9,820,928		8,154,708
Total payments		12,521,275		10,055,185
Reserve for unpaid losses and loss adjustment expenses at June 30 – net of reinsurance		39,447,397		39,345,676
Reinsurance recoverable on unpaid losses and loss adjustment expenses		12,491,623		9,641,767
Reserve for unpaid losses and loss adjustment expenses at June 30 – gross of reinsurance	$	51,939,020	$	48,987,443