Reserve for Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2020

Reserve for Losses and Loss Adjustment Expenses

Schedule of reconciliation of the beginning and ending reserve balances for losses and LAE on a net of reinsurance basis to the gross amounts

	Three Months Ended March 31,
	2020		2019
		(in thousands)
Reserve for losses and loss adjustment expenses net of reinsurance recoverables at beginning of period	$	3,869	$	4,165
Add: Incurred losses and loss adjustment expenses, net of reinsurance, related to:
Current year		2,179		278
Prior years		(316)		38
Total incurred		1,863		316
Deduct: Loss and loss adjustment expense payments, net of reinsurance, related to:
Current year		351		106
Prior years		883		2,043
Total payments		1,234		2,149
Reserve for losses and loss adjustment expense net of reinsurance recoverables at end of period		4,498		2,332
Add: Reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period		13,854		10,296
Reserve for losses and loss adjustment expenses gross of reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period	$	18,352	$	12,628