Liability for Unpaid Losses and Loss Adjustment Expense (Tables)

3 Months Ended

Mar. 31, 2020

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 endedMarch 31, 2020 and 2019 on a GAAP basis:

	March 31,
	2020			2019
Balance at January 1	$	760,357		$	661,203
Less: reinsurance recoverable on unpaid losses	482,315			477,870
Net balance at January 1	$	278,042		$	183,333
Incurred related to:
Current year	103,966			98,913
Prior years	(1,129		)	5,634
Total incurred	$	102,837		$	104,547
Paid related to:
Current year	30,935			31,215
Prior years	62,511			60,893
Total paid	$	93,446		$	92,108
Net balance at March 31	$	287,433		$	195,772
Plus: reinsurance recoverable on unpaid losses	423,609			434,196
Balance at March 31	$	711,042		$	629,968
Composition of reserve for unpaid losses and LAE:
Case reserves	$	294,679		$	258,550
IBNR reserves	416,363			371,418
Balance at March 31	$	711,042		$	629,968