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



 

 

 

 

 

 

 

 

 

 

 

 

 



 

For the Nine-Months Ended



 

September 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

 

 

22,587 

 

 

22,897 

Prior years

 

 

1,811 

 

 

(1,370)

Total incurred

 

 

24,398 

 

 

21,527 

Deduct: Loss and settlement expense payments for claims incurred:

 

 

 

 

 

 

Current year

 

 

7,511 

 

 

8,381 

Prior years

 

 

13,197 

 

 

12,937 

Total paid

 

 

20,708 

 

 

21,318 

Net unpaid losses and settlement expense - end of the period

 

 

44,734 

 

 

40,911 

Plus: Reinsurance recoverable on unpaid losses

 

 

9,479 

 

 

11,641 

Gross unpaid losses and settlement expense - end of the period

 

$

54,213 

 

$

52,552