Unpaid Losses And Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 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.

	Nine Months Ended September 30,
(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	(51,544		)	(35,754		)
Adjusted net reserves for losses and loss adjustment expenses, beginning of year	9,162,899			8,929,191
Incurred losses and loss adjustment expenses:
Current accident year	2,454,912			2,340,868
Prior accident years	(336,942		)	(389,740		)
Total incurred losses and loss adjustment expenses	2,117,970			1,951,128
Payments:
Current accident year	410,493			390,245
Prior accident years	1,597,117			1,438,224
Total payments	2,007,610			1,828,469
Effect of foreign currency rate changes	(669		)	368
Net reserves for losses and loss adjustment expenses, end of period	9,272,590			9,052,218
Reinsurance recoverables on unpaid losses	5,165,226			4,836,271
Gross reserves for losses and loss adjustment expenses, end of period	$	14,437,816		$	13,888,489