Loss and Loss Adjustment Expense Reserves (Tables)

3 Months Ended

Mar. 31, 2020

Loss and Loss Adjustment Expense Reserves

Schedule of reconciliation of beginning and ending reserves for losses and loss adjustment expenses (LAE)

	Three Months Ended March 31,
	2020		2019
Reserves for losses and LAE at beginning of year	$	610,566	$	584,719
Less receivable from reinsurers related to unpaid losses and LAE		(122,372)		(108,398)
Net reserves for losses and LAE at beginning of year		488,194		476,321
Incurred losses and LAE, related to:
Current year		130,330		138,007
Prior years		(9,584)		(11,980)
Total incurred losses and LAE		120,746		126,027
Paid losses and LAE related to:
Current year		48,745		58,796
Prior years		72,839		70,990
Total paid losses and LAE		121,584		129,786
Net reserves for losses and LAE at end of period		487,356		472,562
Plus receivable from reinsurers related to unpaid losses and LAE		121,337		109,200
Reserves for losses and LAE at end of period	$	608,693	$	581,762