Unpaid Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2016

Insurance Loss Reserves [Abstract]

Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense

The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2016		2015			2016		2015
Gross reserves - beginning of period	$	41,832	$	32,357		$	35,422	$	31,531
Less: reinsurance recoverables on unpaid losses	5,890		5,022			5,405		3,224
Net reserves - beginning of period	35,942		27,335			30,017		28,307
Add: incurred losses and LAE, net of reinsurance:
Current period	11,989		9,894			35,135		27,234
Prior period	2,593		(81		)	5,687		125
Total net incurred losses and LAE	14,582		9,813			40,822		27,359
Deduct: loss and LAE payments, net of reinsurance:
Current period	6,938		6,972			14,730		13,766
Prior period	3,926		2,650			16,449		14,374
Total net loss and LAE payments	10,864		9,622			31,179		28,140
Net reserves - end of period	39,660		27,526			39,660		27,526
Plus: reinsurance recoverables on unpaid losses	6,334		5,069			6,334		5,069
Gross reserves - end of period	$	45,994	$	32,595		$	45,994	$	32,595