Reserve for Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2020

Liability for Claims and Claims Adjustment Expense [Abstract]

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

The following table provides a reconciliation of the beginning and ending reserve balances for losses and loss adjustment expenses, net of reinsurance, to the gross amounts reported in the condensed consolidated balance sheets:

	Three Months Ended March 31,
	2020		2019
	(in thousands)
Reserve for losses and loss adjustment expenses net of reinsurance recoverables at beginning of period	$	1,377,461	$	1,194,088
Add: Incurred losses and loss adjustment expenses net of reinsurance:
Current year	95,982		138,959
Prior years	874		968
Total incurred losses and loss and adjustment expenses	96,856		139,927
Deduct: Loss and loss adjustment expense payments net of reinsurance:
Current year	4,271		4,679
Prior years	118,357		107,684
Total loss and loss adjustment expense payments	122,628		112,363
Reserve for losses and loss adjustment expenses net of reinsurance recoverables at end of period	1,351,689		1,221,652
Add: Reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period	691,669		508,655
Reserve for losses and loss adjustment expenses gross of reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period	$	2,043,358	$	1,730,307