Liability for Unpaid Losses and Loss Adjustment Expense (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2018 and 2017 on a GAAP basis:

	September 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	290,600			296,217
Prior years	(4,207		)	(2,819		)
Total incurred	$	286,393		$	293,398
Paid related to:
Current year	163,589			160,952
Prior years	102,750			84,497
Total paid	$	266,339		$	245,449
Net balance at September 30	$	196,613		$	210,663
Plus: reinsurance recoverable on unpaid losses	332,229			471,498
Balance at September 30	$	528,842		$	682,161
Composition of reserve for unpaid losses and LAE:
Case reserves	$	259,678		$	289,938
IBNR reserves	269,164			392,223
Balance at September 30	$	528,842		$	682,161