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Unpaid Losses and Settlement Expenses (Tables)
6 Months Ended
Jun. 30, 2019
Unpaid Losses and Settlement Expenses [Abstract]  
Reconciliation of Unpaid Losses and Settlement Expenses







 

 

 

 

 

 



 

For the Three-Months Ended



 

June 30,

(In thousands)

 

2019

 

2018

Unpaid losses and settlement expense - beginning of the period:

 

 

 

 

 

 

Gross

 

$

61,017 

 

$

51,444 

Less: Ceded

 

 

15,109 

 

 

9,764 

Net

 

 

45,908 

 

 

41,680 

Increase in incurred losses and settlement expense:

 

 

 

 

 

 

Current year

 

 

8,328 

 

 

7,496 

Prior years

 

 

573 

 

 

294 

Total incurred

 

 

8,901 

 

 

7,790 

Deduct: Loss and settlement expense payments for claims incurred:

 

 

 

 

 

 

Current year

 

 

2,799 

 

 

2,229 

Prior years

 

 

4,720 

 

 

4,141 

Total paid

 

 

7,519 

 

 

6,370 

Net unpaid losses and settlement expense - end of the period

 

 

47,290 

 

 

43,100 

Plus: Reinsurance recoverable on unpaid losses

 

 

13,974 

 

 

8,288 

Gross unpaid losses and settlement expense - end of the period

 

$

61,264 

 

$

51,388 







 

 

 

 

 

 

 

 

 

 

 

 

 



 

For the Six-Months Ended



 

June 30,

(In thousands)

 

2019

 

2018

Unpaid losses and settlement expense - beginning of the period:

 

 

 

 

 

 

Gross

 

$

51,447 

 

$

51,074 

Less: Ceded

 

 

6,736 

 

 

10,030 

Net

 

 

44,711 

 

 

41,044 

Increase in incurred losses and settlement expense:

 

 

 

 

 

 

Current year

 

 

16,687 

 

 

14,263 

Prior years

 

 

1,821 

 

 

1,523 

Total incurred

 

 

18,508 

 

 

15,786 

Deduct: Loss and settlement expense payments for claims incurred:

 

 

 

 

 

 

Current year

 

 

4,391 

 

 

3,898 

Prior years

 

 

11,538 

 

 

9,832 

Total paid

 

 

15,929 

 

 

13,730 

Net unpaid losses and settlement expense - end of the period

 

 

47,290 

 

 

43,100 

Plus: Reinsurance recoverable on unpaid losses

 

 

13,974 

 

 

8,288 

Gross unpaid losses and settlement expense - end of the period

 

$

61,264 

 

$

51,388