Reserves for unpaid losses and loss adjustment expenses (Tables)

12 Months Ended

Dec. 31, 2019

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

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:

	December 31,
	2019			2018			2017
	(in thousands)
Net reserves for unpaid losses and loss adjustment expenses, beginning of year	$	313,763		$	267,493		$	194,602
Commutation of MLQS	—			—			27,929
Adjusted net reserves for losses and loss adjustment expenses	313,763			267,493			222,531
Incurred losses and loss adjustment expenses:
Current year	178,986			135,078			114,960
Prior year	(9,423		)	(7,037		)	(11,280		)
Total net losses and loss adjustment expenses incurred	169,563			128,041			103,680
Payments:
Current year	19,054			14,118			13,792
Prior year	74,006			67,653			44,926
Total payments	93,060			81,771			58,718
Net reserves for unpaid losses and loss adjustment expenses, end of year	390,266			313,763			267,493
Reinsurance recoverable on unpaid losses	69,792			55,389			48,224
Gross reserves for unpaid losses and loss adjustment expenses, end of year	$	460,058		$	369,152		$	315,717