Unpaid Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2018

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
	2018		2017
Reserve for unpaid losses and loss adjustment expenses at January 1 – gross of reinsurance	$	49,076,991	$	47,055,787
Less reinsurance recoverable on unpaid losses and loss adjustment expenses		8,393,550		9,520,970
Reserve for unpaid losses and loss adjustment expenses at January 1 – net of reinsurance		40,683,441		37,534,817
Incurred losses and loss adjustment expenses:
Provision for insured events of current year		6,009,138		6,497,566
Development of insured events of prior years		1,792,619		2,027,615
Total incurred losses and loss adjustment expenses		7,801,757		8,525,181
Loss and loss adjustment expense payments:
Attributable to insured events of the current year		1,388,589		1,035,179
Attributable to insured events of prior years		4,752,912		5,020,402
Total payments		6,141,501		6,055,581
Reserve for unpaid losses and loss adjustment expenses at March 31 – net of reinsurance		42,343,697		40,004,417
Reinsurance recoverable on unpaid losses and loss adjustment expenses		11,570,306		9,885,632
Reserve for unpaid losses and loss adjustment expenses at March 31 – gross of reinsurance	$	53,914,003	$	49,890,049