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Loss Reserves (Tables)
6 Months Ended
Jun. 30, 2018
Insurance [Abstract]  
Liability for Unpaid Loss and Loss Adjustment Expenses, Net of Related Amounts Recoverable from Reinsurers

The following table provides the Company’s liability for unpaid loss and loss adjustment expenses, net of related amounts recoverable from reinsurers, for the six months ended June 30, 2018 and 2017:

 

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

 

(in thousands)

 

Balance, beginning of period

 

$

771,845

 

 

$

742,776

 

Less amounts recoverable from reinsurers

   on unpaid loss and loss adjustment expenses

 

 

84,889

 

 

 

78,256

 

Net balance, beginning of period

 

 

686,956

 

 

 

664,520

 

Add incurred related to:

 

 

 

 

 

 

 

 

Current accident year

 

 

126,060

 

 

 

119,828

 

Prior accident years

 

 

(20,822

)

 

 

(17,184

)

Total incurred

 

 

105,238

 

 

 

102,644

 

Less paid related to:

 

 

 

 

 

 

 

 

Current accident year

 

 

18,386

 

 

 

15,298

 

Prior accident years

 

 

84,194

 

 

 

80,571

 

Total paid

 

 

102,580

 

 

 

95,869

 

Net balance, end of period

 

 

689,614

 

 

 

671,295

 

Add amounts recoverable from reinsurers

   on unpaid loss and loss adjustment expenses

 

 

93,987

 

 

 

78,464

 

Balance, end of period

 

$

783,601

 

 

$

749,759