Reserves for Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2018

Reserves for Losses and Loss Adjustment Expenses

Schedule of information regarding the reserve for unpaid losses and loss adjustment expenses ("LAE") as included in other liabilities within the consolidated balance sheets

A summary of NLC’s reserve for unpaid losses and LAE, as included in other liabilities within the consolidated balance sheets, is as follows (in thousands).

	September 30,		December 31,
	2018		2017
Reserve for unpaid losses and allocated LAE balance, net	$	16,831	$	17,470
Reinsurance recoverables on unpaid losses		5,038		11,495
Unallocated LAE		934		1,248
Reserve for unpaid losses and LAE balance, gross	$	22,803	$	30,213

Summary of claims loss reserve development activity

A summary of claims loss reserve development activity is presented in the following table (dollars in thousands).

					September 30, 2018
					Total of
					IBNR Reserves
					Plus Expected		Cumulative
Accident	Nine Months Ended September 30, 2018				Development on		Number of
Year	Paid		Incurred		Reported Claims		Reported Claims
2014	$	83,703	$	84,000	$	45		13,104
2015		86,453		87,157		279		15,034
2016		82,967		84,439		874		21,373
2017		85,787		88,566		1,885		22,027
2018		43,442		54,709		5,880		10,039
Total		382,352	$	398,871
		312	All outstanding reserves prior to 2014, net of reinsurance
	$	16,831	Reserve for unpaid losses and allocated LAE, net of reinsurance