Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 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:

	June 30,
	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	62,389			52,902
Prior years	(3,523		)	(8,936		)
Total net losses and loss adjustment expenses incurred	58,866			43,966
Payments:
Current year	1,858			2,185
Prior years	33,309			19,508
Total payments	35,167			21,693
Net reserves for unpaid losses and loss adjustment expenses, end of period	291,192			244,804
Reinsurance recoverable on unpaid losses	53,373			39,624
Gross reserves for unpaid losses and loss adjustment expenses, end of period	$	344,565		$	284,428