Reserve for Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2017

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 September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
	(in thousands)
Reserve for losses and loss adjustment expenses net of reinsurance recoverables at beginning of period	$	839,508		$	689,631		$	761,128		$	653,534
Add: Incurred losses and loss adjustment expenses net of reinsurance:
Current year	158,009			88,659			396,161			248,239
Prior years	(7,564		)	(5,333		)	(9,263		)	(14,748		)
Total incurred losses and loss and adjustment expenses	150,445			83,326			386,898			233,491
Deduct: Loss and loss adjustment expense payments net of reinsurance:
Current year	21,305			10,734			38,911			21,624
Prior years	65,349			43,847			205,816			147,025
Total loss and loss adjustment expense payments	86,654			54,581			244,727			168,649
Reserve for losses and loss adjustment expenses net of reinsurance recoverables at end of period	903,299			718,376			903,299			718,376
Add: Reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period	283,949			156,286			283,949			156,286
Reserve for losses and loss adjustment expenses gross of reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period	$	1,187,248		$	874,662		$	1,187,248		$	874,662