Liability for Unpaid Losses and Loss Adjustment Expense (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 2017 and June 30, 2016 on a GAAP basis:

	June 30,
	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
Acquisition of IIC reserves	—			22,576
Acquisition of AMCO reserves (net of reinsurance recoverables of $19,945)	40,583			—
Incurred related to:
Current year	152,061			121,693
Prior years	(1,790		)	5,176
Total incurred	$	150,271		$	126,869
Paid related to:
Current year	91,732			78,634
Prior years	69,878			42,251
Total paid	$	161,610		$	120,885
Net balance at June 30	$	151,375		$	103,238
Plus: reinsurance recoverable on unpaid losses	53,319			13,775
Balance at June 30	$	204,694		$	117,013
Composition of reserve for unpaid losses and LAE:
Case reserves	$	94,608		$	67,388
IBNR reserves	110,086			49,625
Balance at June 30	$	204,694		$	117,013