Reserve for Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2016

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Schedule of reconciliation of beginning and ending reserve balances for losses and loss adjustment expenses (LAE)

The following table provides a reconciliation of the beginning and ending reserve balances for losses and loss adjustment expenses (“LAE”) for the three months ended March 31:

($ in thousands)	2016			2015
Reserve for losses and LAE at beginning of period	$	17,760		$	8,427
Less: Reinsurance recoverables	—			—
Net reserve for losses and LAE at beginning of period	17,760			8,427
Add provision for losses and LAE, net of reinsurance, occurring in:
Current period	5,080			2,705
Prior years	(1,349		)	(706		)
Net incurred losses during the current period	3,731			1,999
Deduct payments for losses and LAE, net of reinsurance, occurring in:
Current period	1			—
Prior years	1,020			361
Net loss and LAE payments during the current period	1,021			361
Net reserve for losses and LAE at end of period	20,470			10,065
Plus: Reinsurance recoverables	—			—
Reserve for losses and LAE at end of period	$	20,470		$	10,065
Loans in default at end of period	1,060			505