Liability for Unpaid Losses and Loss Adjustment Expense (Tables)

3 Months Ended

Mar. 31, 2019

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, 2019 and 2018 on a GAAP basis:

	March 31,
	2019		2018
Balance at January 1	$	661,203	$	482,232
Less: reinsurance recoverable on unpaid losses	477,870		305,673
Net balance at January 1	$	183,333	$	176,559
Incurred related to:
Current year	98,913		77,927
Prior years	5,634		(681		)
Total incurred	$	104,547	$	77,246
Paid related to:
Current year	31,215		34,800
Prior years	60,893		74,570
Total paid	$	92,108	$	109,370
Net balance at March 31	$	195,772	$	144,435
Plus: reinsurance recoverable on unpaid losses	434,196		399,814
Balance at March 31	$	629,968	$	544,249
Composition of reserve for unpaid losses and LAE:
Case reserves	$	258,550	$	214,067
IBNR reserves	371,418		330,182
Balance at March 31	$	629,968	$	544,249