Note 6 - Unpaid Losses and Settlement Expenses (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

	For the Three-Months Ended
	September 30,
(In thousands)	2020			2019
Unpaid losses and settlement expense - beginning of the period:
Gross	$	66,415		$	61,264
Less: Ceded		19,463			13,974
Net		46,952			47,290
Increase in incurred losses and settlement expense:
Current year		9,298			9,092
Prior years		(435	)		517
Total incurred		8,863			9,609
Deduct: Loss and settlement expense payments for claims incurred:
Current year		4,885			6,064
Prior years		2,831			4,778
Total paid		7,716			10,842
Net unpaid losses and settlement expense - end of the period		48,099			46,057
Plus: Reinsurance recoverable on unpaid losses		13,844			12,266
Gross unpaid losses and settlement expense - end of the period	$	61,943		$	58,323

	For the Nine-Months Ended
	September 30,
(In thousands)	2020		2019
Unpaid losses and settlement expense - beginning of the period:
Gross	$	56,838	$	51,447
Less: Ceded		11,036		6,736
Net		45,802		44,711
Increase in incurred losses and settlement expense:
Current year		23,838		25,779
Prior years		2,076		2,338
Total incurred		25,914		28,117
Deduct: Loss and settlement expense payments for claims incurred:
Current year		10,534		10,455
Prior years		13,083		16,316
Total paid		23,617		26,771
Net unpaid losses and settlement expense - end of the period		48,099		46,057
Plus: Reinsurance recoverable on unpaid losses		13,844		12,266
Gross unpaid losses and settlement expense - end of the period	$	61,943	$	58,323