Liability for Unpaid Losses and Loss Adjustment Expense (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 2019 and 2018 on a GAAP basis:

	June 30,
	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	199,832		167,392
Prior years	20,967		(1,551		)
Total incurred	$	220,799	$	165,841
Paid related to:
Current year	108,042		83,297
Prior years	98,143		92,937
Total paid	$	206,185	$	176,234
Net balance at June 30	$	197,947	$	166,166
Plus: reinsurance recoverable on unpaid losses	379,402		266,265
Balance at June 30	$	577,349	$	432,431
Composition of reserve for unpaid losses and LAE:
Case reserves	$	257,873	$	230,926
IBNR reserves	319,476		201,505
Balance at June 30	$	577,349	$	432,431