Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2020

Liability for Unpaid Losses and Loss Adjustment Expenses

Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
Net balance, beginning of period*	$	105,876		$	98,453		$	98,174		$	94,826
Incurred, net of reinsurance, related to:
Current period		40,493			21,416			66,296			45,737
Prior period		(650	)		2,877			1,625			5,552
Total incurred, net of reinsurance		39,843			24,293			67,921			51,289
Paid, net of reinsurance, related to:
Current period		(11,329	)		(13,778	)		(15,813	)		(17,708	)
Prior period		(11,261	)		(13,623	)		(27,153	)		(33,062	)
Total paid, net of reinsurance		(22,590	)		(27,401	)		(42,966	)		(50,770	)
Net balance, end of period		123,129			95,345			123,129			95,345
Add: reinsurance recoverable before allowance for credit losses		88,033			58,897			88,033			58,897
Gross balance, end of period	$	211,162		$	154,242		$	211,162		$	154,242

*Net balance represents beginning-of-period liability for unpaid losses and loss adjustment expenses less beginning-of-period reinsurance recoverable for unpaid losses and loss adjustment expenses.