Allowance for Expected Credit Losses (Tables)

3 Months Ended

Mar. 31, 2020

Premium Receivable, Allowance for Credit Loss

The following table presents the balances of premiums and other receivables, net of the allowance for expected credit losses, as of March 31, 2020 and January 1, 2020, and changes in the allowance for expected credit losses for the three months ended March 31, 2020.


	Premiums and Other Receivables, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Balance, beginning of the period	$	1,428,948	$	24,067
Cumulative effect of adoption of updated accounting guidance for credit losses at January 1, 2020			762
Current period change for expected credit losses ⁽¹⁾			25,766
Write-offs of uncollectible premiums and other receivables			(23,481)
Balance, end of the period	$	1,541,760	$	27,114

⁽¹⁾ Current period charges for expected losses are recorded in general and administrative expenses.

Reinsurance Recoverable, Allowance for Credit Loss

The following table presents the balances of reinsurance recoverable, net of the allowance for estimated uncollectible reinsurance, as of March 31, 2020 and January 1, 2020, and changes in the allowance for estimated uncollectible reinsurance for the three months ended March 31, 2020.


	Reinsurance Receivable, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Balance, beginning of the period	$	1,394,308	$	—
Cumulative effect of adoption of updated accounting guidance for credit losses at January 1, 2020			517
Current period change for estimated uncollectible reinsurance			—
Write-offs of uncollectible reinsurance			—
Balance, end of the period	$	1,401,681	$	517