Reserve for Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 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. Reinsurance recoverables on unpaid losses and loss adjustment expenses are presented gross of a $335,000 allowance for uncollectible reinsurance balances at June 30, 2020 and September 30, 2020.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(in thousands)
Reserve for losses and loss adjustment expenses net of reinsurance recoverables at beginning of period	$	1,339,534	$	1,237,930	$	1,377,461	$	1,194,088
Add: Incurred losses and loss adjustment expenses net of reinsurance:
Current year	101,921		157,113		295,523		440,810
Prior years	4,234		56,971		6,234		60,254
Total incurred losses and loss and adjustment expenses	106,155		214,084		301,757		501,064
Deduct: Loss and loss adjustment expense payments net of reinsurance:
Current year	6,950		21,021		13,558		46,275
Prior years	102,140		104,513		329,061		322,397
Total loss and loss adjustment expense payments	109,090		125,534		342,619		368,672
Reserve for losses and loss adjustment expenses net of reinsurance recoverables at end of period	1,336,599		1,326,480		1,336,599		1,326,480
Add: Reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period	770,150		614,827		770,150		614,827
Reserve for losses and loss adjustment expenses gross of reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period	$	2,106,749	$	1,941,307	$	2,106,749	$	1,941,307