Unpaid Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31,
	2018			2017
Gross reserves - beginning of period	$	87,896		$	54,651
Less: reinsurance recoverables on unpaid losses	20,066			6,658
Net reserves - beginning of period	67,830			47,993
Add: incurred losses and LAE, net of reinsurance:
Current period	13,344			12,654
Prior period	(16		)	3,079
Total net incurred losses and LAE	13,328			15,733
Deduct: loss and LAE payments, net of reinsurance:
Current period	1,588			1,903
Prior period	12,711			8,813
Total net loss and LAE payments	14,299			10,716
Net reserves - end of period	66,859			53,010
Plus: reinsurance recoverables on unpaid losses	20,063			9,125
Less: deferred gain on ADC	(1,431		)	—
Gross reserves - end of period	$	85,491		$	62,135