Reserve for Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018


	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
		(in thousands)				(in thousands)
Reserve for losses and loss adjustment expenses net of reinsurance recoverables at beginning of period	$	2,332	$	3,755	$	4,165	$	4,432
Add: Incurred losses and loss adjustment expenses, net of reinsurance, related to:
Current year		735		751		1,013		3,187
Prior year		(92)		(19)		(54)		(1,517)
Total incurred		643		732		959		1,670
Deduct: Loss and loss adjustment expense payments, net of reinsurance, related to:
Current year		298		706		404		1,264
Prior year		1,249		622		3,292		1,679
Total payments		1,547		1,328		3,696		2,943
Reserve for losses and loss adjustment expense net of reinsurance recoverables at end of period		1,428		3,159		1,428		3,159
Add: Reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period		13,202		11,207		13,202		11,207
Reserve for losses and loss adjustment expenses gross of reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period	$	14,630	$	14,366	$	14,630	$	14,366


	December 31,
	2018		2017		2016
	(in thousands)
Reserve for losses and loss adjustment expenses net of reinsurance recoverables at beginning of period	$	4,432	$	3,336	$	1,562
Add: Incurred losses and loss adjustment expenses, net of reinsurance, related to:
Current year		8,165		12,257		7,472
Prior year		(1,891)		(132)		(180)
Total incurred		6,274		12,125		7,292
Deduct: Loss and loss adjustment expense payments, net of reinsurance, related to:
Current year		4,409		8,986		4,824
Prior year		2,132		2,043		694
Total payments		6,541		11,029		5,518
Reserve for losses and loss adjustment expense net of reinsurance recoverables at end of period		4,165		4,432		3,336
Add: Reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period		11,896		13,352		1,442
Reserve for losses and loss adjustment expenses gross of reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period	$	16,061	$	17,784	$	4,778


	2018
	(in thousands)
Net outstanding liabilities:
Homeowners’ insurance	$	843
Special property		3,322
Reserve for losses and loss adjustment expense, net of reinsurance		4,165
Reinsurance recoverable on unpaid claims:
Homeowners’ insurance	$	5,650
Special property		6,246
Total reinsurance recoverable on unpaid claims		11,896
Total reserve for losses and loss adjustment expenses	$	16,061

Incurred Losses and Allocated Loss Adjustment Expenses,

Net of Reinsurance Homeowners’ Insurance (in thousands)

Cumulative Paid Losses and Allocated Loss Adjustment Expenses,

Net of Reinsurance Homeowners’ Insurance (in thousands)


	Years Ended December 31,
Accident Year	2015(1)		2016(1)		2017(1)		2018
2015	$	860	$	1,379	$	1,523	$	1,615
2016				4,120		5,356		5,585
2017						7,135		7,375
2018								1,550
Total							$	16,125
Reserve for losses and loss adjustment expense, net of reinsurance							$	843

(1)

Data presented for these calendar years is required supplementary information, which is unaudited.

Incurred Losses and Allocated Loss Adjustment Expenses,

Net of Reinsurance Special Property Insurance (in thousands)

Cumulative Paid Losses and Allocated Loss Adjustment Expenses,

Net of Reinsurance Special Property Insurance (in thousands)


	Years Ended December 31,
Accident Year	2015(1)		2016(1)		2017(1)		2018
2015	$	265	$	438	$	586	$	626
2016				703		1,064		1,216
2017						1,967		3,344
2018								2,859
Total								8,045
Reserve for losses and loss adjustment expense, net of reinsurance								3,322

(1)

Data presented for these calendar years is required supplementary information, which is unaudited.