Reserve For Losses, LAE And Future Policy Benefit Reserve (Tables)

9 Months Ended

Sep. 30, 2020

Reserve For Losses, LAE And Future Policy Benefit Reserve [Abstract]

Summary Of Activity In The Reserve For Losses And LAE

Nine Months Ended

September 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

4,572,640

3,559,505

 Prior years

1,426

(44,401)

 Total incurred losses and LAE

4,574,066

3,515,104

Paid related to:

 Current year 

1,015,538

550,724

 Prior years

2,042,712

2,406,753

 Total paid losses and LAE

3,058,250

2,957,477

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

2016-13

(28,024)

(52,125)

Net reserves end of period

13,458,393

12,004,952

 Plus reinsurance recoverables

1,774,732

1,632,687

 Gross reserves end of period

$

15,233,125

$

13,637,639

(Some amounts may not reconcile due to rounding.)