Liability for Unpaid Losses and Loss Adjustment Expense (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 2018 and 2017 on a GAAP basis:

	June 30,
	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
Acquisition of AmCo reserves (net of reinsurance recoverables of $19,945)	—			40,583
Incurred related to:
Current year	167,392			152,061
Prior years	(1,551		)	(1,790		)
Total incurred	$	165,841		$	150,271
Paid related to:
Current year	83,297			91,732
Prior years	92,937			69,878
Total paid	$	176,234		$	161,610
Net balance at June 30	$	166,166		$	151,375
Plus: reinsurance recoverable on unpaid losses	266,265			53,319
Balance at June 30	$	432,431		$	204,694
Composition of reserve for unpaid losses and LAE:
Case reserves	$	230,926		$	94,608
IBNR reserves	201,505			110,086
Balance at June 30	$	432,431		$	204,694