Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2018

Liability for Unpaid Claims and Claims Adjustment Expense, Activity in Liability [Abstract]

Schedule of Unpaid Losses and Loss Adjustment Expenses

The following table presents a reconciliation of consolidated beginning and ending reserves for unpaid losses and loss adjustment expenses:

	March 31,
	2018			2017
	(in thousands)
Net reserves for unpaid losses and loss adjustment expenses, beginning of year	$	267,493		$	194,602
Commutation of MLQS	—			27,929
Adjusted net reserves for losses and loss adjustment expenses, beginning of year	267,493			222,531
Incurred losses and loss adjustment expenses:
Current year	30,183			27,211
Prior years	(1,284		)	(5,104		)
Total net losses and loss adjustment expenses incurred	28,899			22,107
Payments:
Current year	340			333
Prior years	17,516			11,566
Total payments	17,856			11,899
Net reserves for unpaid losses and loss adjustment expenses, end of period	278,536			232,739
Reinsurance recoverable on unpaid losses	49,673			40,262
Gross reserves for unpaid losses and loss adjustment expenses, end of period	$	328,209		$	273,001