Reserve for Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2019

Dec. 31, 2018


	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
		(in thousands)				(in thousands)
Reserve for losses and loss adjustment expenses net of reinsurance recoverables at beginning of period	$	1,428	$	3,159	$	4,165	$	4,432
Add: Incurred losses and loss adjustment expenses, net of reinsurance, related to:
Current year		2,647		5,258		3,660		8,445
Prior years		(208)		116		(262)		(1,402)
Total incurred		2,439		5,374		3,398		7,043
Deduct: Loss and loss adjustment expense payments, net of reinsurance, related to:
Current year		641		392		1,044		1,656
Prior years		312		459		3,605		2,137
Total payments		953		851		4,649		3,793
Reserve for losses and loss adjustment expense net of reinsurance recoverables at end of period		2,914		7,682		2,914		7,682
Add: Reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period		14,052		10,950		14,052		10,950
Reserve for losses and loss adjustment expenses gross of reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period	$	16,966	$	18,632	$	16,966	$	18,632


	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.