Loss and Loss Adjustment Expense Reserves (Tables)

9 Months Ended

Sep. 30, 2020

Loss and Loss Adjustment Expense Reserves

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

	Nine Months Ended September 30,
	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		343,393		408,927
Prior years		(34,619)		(25,541)
Total incurred losses and LAE		308,774		383,386
Paid losses and LAE related to:
Current year		180,649		226,660
Prior years		137,613		149,472
Total paid losses and LAE		318,262		376,132
Net reserves for losses and LAE at end of period		478,706		483,575
Plus receivable from reinsurers related to unpaid losses and LAE		107,783		117,884
Reserves for losses and LAE at end of period	$	586,489	$	601,459