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Unpaid Losses and Settlement Expenses (Tables)
3 Months Ended
Mar. 31, 2017
Unpaid Losses and Loss Adjustment Expenses [Abstract]  
Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense



 

 

 

 

 

 

 

 

 

 

 

 

 



 

For the periods ending



 

March 31,

 

March 31,

(In thousands)

 

2017

 

2016

Unpaid losses and settlement expense - beginning of the period:

 

 

 

 

 

 

Gross

 

$

52,817 

 

$

61,056 

Less: Ceded

 

 

12,115 

 

 

19,158 

Net

 

 

40,702 

 

 

41,898 

Increase (decrease) in incurred losses and settlement expense:

 

 

 

 

 

 

Current year

 

 

6,893 

 

 

6,504 

Prior years

 

 

(294)

 

 

(125)

Total incurred

 

 

6,599 

 

 

6,379 

Deduct: Loss and settlement expense payments for claims incurred:

 

 

 

 

 

 

Current year

 

 

1,974 

 

 

795 

Prior years

 

 

4,936 

 

 

5,501 

Total paid

 

 

6,910 

 

 

6,296 

Net unpaid losses and settlement expense - end of the period

 

 

40,391 

 

 

41,981 

Plus: Reinsurance recoverable on unpaid losses

 

 

9,473 

 

 

19,448 

Gross unpaid losses and settlement expense - end of the period

 

$

49,864 

 

$

61,429