LOSS AND LOSS ADJUSTMENT EXPENSE RESERVES (Tables)

6 Months Ended

Jun. 30, 2020

Insurance Loss Reserves [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

At June 30, 2020 and December 31, 2019, loss and loss adjustment expense reserves were composed of the following:

	June 30, 2020		December 31, 2019
	($ in thousands)
Case reserves	$	207,753	$	217,834
IBNR	259,902		252,754
Total	$	467,655	$	470,588

A summary of changes in outstanding loss and loss adjustment expense reserves for all lines of business consolidated

for the six months ended June 30, 2020 and 2019 is as follows: 

Consolidated	2020		2019
	($ in thousands)
Gross balance at January 1	$	470,588	$	482,662
Less: Losses recoverable	(27,531)		(43,705)
Net balance at January 1	443,057		438,957
Incurred losses related to:
Current year	159,225		171,437
Prior years	5,666		29,904
Total incurred	164,891		201,341
Paid losses related to:
Current year	(35,874)		(48,554)
Prior years	(122,532)		(162,363)
Total paid	(158,406)		(210,917)
Foreign currency revaluation	(2,112)		(102)
Net balance at June 30	447,430		429,279
Add: Losses recoverable	20,225		40,787
Gross balance at June 30	$	467,655	$	470,066

The changes in the outstanding loss and loss adjustment expense reserves for health claims for the six months ended June 30, 2020 and 2019 are as follows:

Health	2020		2019
	($ in thousands)
Gross balance at January 1	$	18,063	$	24,502
Less: Losses recoverable	—		—
Net balance at January 1	18,063		24,502
Incurred losses related to:
Current year	15,811		19,241
Prior years	1,972		2,245
Total incurred	17,783		21,486
Paid losses related to:
Current year	(7,063)		(8,046)
Prior years	(13,909)		(21,897)
Total paid	(20,972)		(29,943)
Foreign currency revaluation	—		—
Net balance at June 30	14,874		16,045
Add: Losses recoverable	—		—
Gross balance at June 30	$	14,874	$	16,045