Unpaid Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 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:

	Nine Months Ended September 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		15,501,620		18,046,953
Development of insured events of prior years		2,867,960		6,304,798
Total incurred losses and loss adjustment expenses		18,369,580		24,351,751
Loss and loss adjustment expense payments:
Attributable to insured events of the current year		4,781,651		4,375,729
Attributable to insured events of prior years		13,322,413		16,335,178
Total payments		18,104,064		20,710,907
Reserve for unpaid losses and loss adjustment expenses at September 30 – net of reinsurance		40,948,957		41,175,661
Reinsurance recoverable on unpaid losses and loss adjustment expenses		8,291,385		11,890,854
Reserve for unpaid losses and loss adjustment expenses at September 30 – gross of reinsurance	$	49,240,342	$	53,066,515