Unpaid Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2019

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,
	2019			2018			2019			2018
Gross reserves - beginning of period	$	97,981		$	83,662		$	92,807		$	87,896
Less: reinsurance recoverables on unpaid losses	21,396			20,467			29,685			20,066
Plus: deferred gain on ADC	(481		)	(2,412		)	(5,677		)	—
Net reserves - beginning of period	77,066			65,607			68,799			67,830
Add: incurred losses and LAE, net of reinsurance:
Current period	12,154			13,153			36,619			40,079
Prior period	2,703			3,401			7,076			4,871
Total net incurred losses and LAE	14,857			16,554			43,695			44,950
Deduct: loss and LAE payments, net of reinsurance:
Current period	4,933			5,423			8,675			11,448
Prior period	6,515			7,877			23,344			32,471
Total net loss and LAE payments	11,448			13,300			32,019			43,919
Net reserves - end of period	80,475			68,861			80,475			68,861
Plus: reinsurance recoverables on unpaid losses	16,862			27,118			16,862			27,118
Less: deferred gain on ADC	—			(4,933		)	—			(4,933		)
Gross reserves - end of period	$	97,337		$	91,046		$	97,337		$	91,046