Unpaid Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2018

Unpaid Losses And Loss Adjustment Expenses

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
	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		10,661,378		12,064,708
Development of insured events of prior years		2,069,582		2,369,147
Total incurred losses and loss adjustment expenses		12,730,960		14,433,855
Loss and loss adjustment expense payments:
Attributable to insured events of the current year		2,819,187		2,700,347
Attributable to insured events of prior years		9,333,811		9,820,928
Total payments		12,152,998		12,521,275
Reserve for unpaid losses and loss adjustment expenses at June 30 – net of reinsurance		41,261,403		39,447,397
Reinsurance recoverable on unpaid losses and loss adjustment expenses		8,804,650		12,491,623
Reserve for unpaid losses and loss adjustment expenses at June 30 – gross of reinsurance	$	50,066,053	$	51,939,020