Liability for Unpaid Losses and Loss Adjustment Expense (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018 and 2017 on a GAAP basis:

	March 31,
	2018			2017
Balance at January 1	$	482,232		$	140,855
Less: reinsurance recoverable on unpaid losses	305,673			18,724
Net balance at January 1	$	176,559		$	122,131
Incurred related to:
Current year	77,927			63,859
Prior years	(681		)	(526		)
Total incurred	$	77,246		$	63,333
Paid related to:
Current year	34,800			21,986
Prior years	74,570			42,528
Total paid	$	109,370		$	64,514
Net balance at March 31	$	144,435		$	120,950
Plus: reinsurance recoverable on unpaid losses	399,814			20,152
Balance at March 31	$	544,249		$	141,102
Composition of reserve for unpaid losses and LAE:
Case reserves	$	214,067		$	82,987
IBNR reserves	330,182			58,115
Balance at March 31	$	544,249		$	141,102