Supplementary Information on Loss and ALAE Development (Unaudited)

12 Months Ended

Dec. 31, 2021

Summary of Significant Accounting Policies

Supplementary Information On Loss And Alae Development (unaudited)

NOTE 22 – SUPPLEMENTARY INFORMATION ON LOSS AND ALAE DEVELOPMENT (UNAUDITED)

The following table presents cumulative incurred losses and ALAE, net of reinsurance, for years ended December 31:

Accident
Year	2012 (1)		2013 (1)		2014 (1)		2015 (1)		2016 (1)		2017 (1)		2018 (1)		2019 (1)		2020 (1)		2021
2012	$	18,511,598		19,532,022		18,895,666		18,344,175		18,050,131		17,914,837		18,235,335		18,355,031		18,327,346		18,353,966
2013			$	19,570,946		20,118,343		20,323,841		21,742,580		22,798,398		22,397,394		22,859,132		22,802,931		22,852,457
2014					$	16,884,731		15,394,995		14,930,960		17,640,211		18,034,749		17,898,306		18,048,285		17,965,556
2015							$	20,452,199		20,840,034		22,471,512		21,707,615		23,006,844		24,495,614		25,332,806
2016									$	21,646,663		22,908,016		24,126,775		25,677,378		26,337,621		27,006,706
2017											$	21,914,736		23,453,130		23,876,588		25,091,934		26,103,135
2018													$	19,048,233		18,099,500		20,670,880		19,179,716
2019															$	17,349,941		19,182,851		18,723,515
2020																	$	24,302,958		22,611,110
2021																			$	23,198,334

(1) The information for the years 2012 through 2020 is presented as unaudited required supplementary information.

The following table presents cumulative paid losses and ALAE, net of reinsurance, for years ended December 31:

Year	2012 (1)		2013 (1)		2014 (1)		2015 (1)		2016 (1)		2017 (1)		2018 (1)		2019 (1)		2020 (1)		2021(1)
2012	$	6,719,982	$	11,673,621		13,411,125		15,369,629		16,734,967		17,265,513		17,638,646		18,001,581		18,020,565		18,355,881
2013			$	7,594,731		10,656,777		14,319,057		19,067,334		21,415,490		21,875,978		22,364,215		22,802,275		22,849,314
2014					$	3,826,263		6,082,893		9,173,947		14,556,687		16,843,128		17,487,722		17,806,537		17,817,189
2015							$	6,263,796		11,151,955		14,978,639		17,700,688		20,148,880		21,502,400		23,197,570
2016									$	7,435,120		12,009,273		15,916,432		21,438,785		23,326,143		24,528,218
2017											$	6,405,641		11,503,228		15,289,400		18,869,369		21,188,239
2018													$	4,959,689		9,254,754		12,129,118		13,750,695
2019															$	4,292,275		7,603,418		10,898,586
2020																	$	6,004,292		9,769,654
2021																			$	5,027,785

(1) The information for the years 2012 through 2020 is presented as unaudited required supplementary information.