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Reserve For Losses, LAE And Future Policy Benefit Reserve (Tables)
6 Months Ended
Jun. 30, 2020
Reserve For Losses, LAE And Future Policy Benefit Reserve [Abstract]  
Summary Of Activity In The Reserve For Losses And LAE

 

Six Months Ended

 

June 30,

(Dollars in thousands)

2020

 

2019

Gross reserves beginning of period

$

13,611,313

 

$

13,119,090

Less reinsurance recoverables

 

(1,640,712)

 

 

(1,619,641)

Net reserves beginning of period

 

11,970,601

 

 

11,499,449

 

 

 

 

 

 

Incurred related to:

 

 

 

 

 

Current year

 

2,835,129

 

 

2,135,335

Prior years

 

2,727

 

 

7,845

Total incurred losses and LAE

 

2,837,856

 

 

2,143,180

 

 

 

 

 

 

Paid related to:

 

 

 

 

 

Current year

 

570,460

 

 

374,123

Prior years

 

1,579,931

 

 

1,598,544

Total paid losses and LAE

 

2,150,391

 

 

1,972,667

 

 

 

 

 

 

Foreign exchange/translation adjustment and cumulative adjustment due to adoption of ASU 2016-13

 

(74,372)

 

 

(57,392)

 

 

 

 

 

 

Net reserves end of period

 

12,583,694

 

 

11,612,570

Plus reinsurance recoverables

 

1,692,947

 

 

1,636,918

Gross reserves end of period

$

14,276,641

 

$

13,249,488

 

 

 

 

 

 

(Some amounts may not reconcile due to rounding.)