Unpaid Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2019

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:

	Three Months Ended March 31
	2019		2018
Reserve for unpaid losses and loss adjustment expenses at January 1 – gross of reinsurance	$	51,657,155	$	49,076,991
Less reinsurance recoverable on unpaid losses and loss adjustment expenses		9,531,602		8,393,550
Reserve for unpaid losses and loss adjustment expenses at January 1 – net of reinsurance		42,125,553		40,683,441
Incurred losses and loss adjustment expenses:
Provision for insured events of current year		4,550,888		6,009,138
Development of insured events of prior years		603,555		1,792,619
Total incurred losses and loss adjustment expenses		5,154,443		7,801,757
Loss and loss adjustment expense payments:
Attributable to insured events of the current year		1,158,426		1,388,589
Attributable to insured events of prior years		6,468,019		4,752,912
Total payments		7,626,445		6,141,501
Reserve for unpaid losses and loss adjustment expenses at March 31 – net of reinsurance		39,653,551		42,343,697
Reinsurance recoverable on unpaid losses and loss adjustment expenses		11,679,320		11,570,306
Reserve for unpaid losses and loss adjustment expenses at March 31 – gross of reinsurance	$	51,332,871	$	53,914,003