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Unpaid Losses and Settlement Expenses (Tables)
6 Months Ended
Jun. 30, 2018
Unpaid Losses and Settlement Expenses [Abstract]  
Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense



 

 

 

 

 

 

 

 

 

 

 

 

 



 

For the Six-Months Ended



 

June 30,

(In thousands)

 

2018

 

2017

Unpaid losses and settlement expense - beginning of the period:

 

 

 

 

 

 

Gross

 

$

51,074 

 

$

52,817 

Less: Ceded

 

 

10,030 

 

 

12,115 

Net

 

 

41,044 

 

 

40,702 

Increase (decrease) in incurred losses and settlement expense:

 

 

 

 

 

 

Current year

 

 

14,263 

 

 

13,804 

Prior years

 

 

1,523 

 

 

(340)

Total incurred

 

 

15,786 

 

 

13,464 

Deduct: Loss and settlement expense payments for claims incurred:

 

 

 

 

 

 

Current year

 

 

3,898 

 

 

4,727 

Prior years

 

 

9,832 

 

 

9,498 

Total paid

 

 

13,730 

 

 

14,225 

Net unpaid losses and settlement expense - end of the period

 

 

43,100 

 

 

39,941 

Plus: Reinsurance recoverable on unpaid losses

 

 

8,288 

 

 

9,750 

Gross unpaid losses and settlement expense - end of the period

 

$

51,388 

 

$

49,691