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Unpaid Losses and Settlement Expenses (Tables)
3 Months Ended
Mar. 31, 2020
Unpaid Losses and Settlement Expenses [Abstract]  
Reconciliation of Unpaid Losses and Settlement Expenses











 

 

 

 

 

 

 

 

 

 

 

 

 



 

For the Three-Months Ended



 

March 31,

(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

 

 

6,245 

 

 

8,359 

Prior years

 

 

1,597 

 

 

1,248 

Total incurred

 

 

7,842 

 

 

9,607 

Deduct: Loss and settlement expense payments for claims incurred:

 

 

 

 

 

 

Current year

 

 

1,204 

 

 

1,592 

Prior years

 

 

5,484 

 

 

6,818 

Total paid

 

 

6,688 

 

 

8,410 

Net unpaid losses and settlement expense - end of the period

 

 

46,956 

 

 

45,908 

Plus: Reinsurance recoverable on unpaid losses

 

 

11,318 

 

 

15,109 

Gross unpaid losses and settlement expense - end of the period

 

$

58,274 

 

$

61,017