Liability for Unpaid Losses and Loss Adjustment Expenses Liability for Unpaid Losses and Loss Adjustment Expense (Tables)

3 Months Ended

Mar. 31, 2017

Insurance [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

The table below shows the analysis of our reserve for unpaid losses for the three months ended March 31, 2017 and March 31, 2016 on a GAAP basis:

	March 31,
	2017			2016
Balance at January 1	$	140,855		$	76,792
Less: reinsurance recoverable on unpaid losses	18,724			2,114
Net balance at January 1	$	122,131		$	74,678
Incurred related to:
Current year	63,859			61,072
Prior years	(526		)	3,186
Total incurred	$	63,333		$	64,258
Paid related to:
Current year	21,986			23,691
Prior years	42,528			27,710
Total paid	$	64,514		$	51,401
Net balance at March 31	$	120,950		$	87,535
Plus: reinsurance recoverable on unpaid losses	20,152			911
Balance at March 31	$	141,102		$	88,446
Composition of reserve for unpaid losses and LAE:
Case reserves	$	82,987		$	53,006
IBNR reserves	58,115			35,440
Balance at March 31	$	141,102		$	88,446