Reserves for unpaid losses and loss adjustment expenses (Tables)

3 Months Ended

Mar. 31, 2019

Reserves for unpaid losses and loss adjustment expenses

Summary of the loss and LAE reserve activities

	Three Months Ended
	March 31,
(Millions)	2019		2018
Gross beginning balance	$	2,016.7	$	1,898.5
Less beginning reinsurance recoverable on unpaid losses		(350.2)		(319.7)
Net loss and LAE reserve balance		1,666.5		1,578.8
Losses and LAE incurred relating to:
Current year losses		167.3		143.5
Prior years losses		16.6		(2.5)
Total net incurred losses and LAE		183.9		141.0
Foreign currency translation adjustment to net loss and LAE reserves		(3.4)		6.7
Loss and LAE paid relating to:
Current year losses		36.2		31.3
Prior years losses		183.8		147.1
Total loss and LAE payments		220.0		178.4
Net ending balance		1,627.0		1,548.1
Plus ending reinsurance recoverable on unpaid losses		349.3		327.8
Gross ending balance	$	1,976.3	$	1,875.9