Unpaid Losses And Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2019

Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]

Reconciliation Of Consolidated Reserves For Losses And Loss Adjustment Expenses

The following table presents a reconciliation of consolidated beginning and ending reserves for losses and loss adjustment expenses.

	Three Months Ended March 31,
(dollars in thousands)	2019			2018
Net reserves for losses and loss adjustment expenses, beginning of year	$	9,214,443		$	8,964,945
Foreign currency movements	28,649			50,766
Adjusted net reserves for losses and loss adjustment expenses, beginning of year	9,243,092			9,015,711
Incurred losses and loss adjustment expenses:
Current accident year	757,970			723,208
Prior accident years	(70,210		)	(108,067		)
Total incurred losses and loss adjustment expenses	687,760			615,141
Payments:
Current accident year	55,999			62,506
Prior accident years	635,980			576,975
Total payments	691,979			639,481
Effect of foreign currency rate changes	(22		)	(294		)
Net reserves for losses and loss adjustment expenses, end of period	9,238,851			8,991,077
Reinsurance recoverable on unpaid losses	5,093,814			4,650,860
Gross reserves for losses and loss adjustment expenses, end of period	$	14,332,665		$	13,641,937