XML 34 R24.htm IDEA: XBRL DOCUMENT v3.20.2
Reserve for Losses and Loss Adjustment Expenses (Tables)
6 Months Ended
Jun. 30, 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 June 30, 

 

Six Months Ended June 30, 

 

    

2020

    

2019

 

2020

    

2019

 

 

 

(in thousands)

 

 

(in thousands)

Reserve for losses and loss adjustment expenses net of reinsurance recoverables at beginning of period

 

$

4,499

 

$

2,332

 

$

3,869

 

$

4,165

Add: Incurred losses and loss adjustment expenses, net of reinsurance, related to:

 

 

 

 

 

  

 

 

 

 

 

 

Current year

 

 

3,885

 

 

735

 

 

6,064

 

 

1,013

Prior years

 

 

93

 

 

(92)

 

 

(223)

 

 

(54)

Total incurred

 

 

3,978

 

 

643

 

 

5,841

 

 

959

Deduct: Loss and loss adjustment expense payments, net of reinsurance, related to:

 

 

  

 

 

  

 

 

  

 

 

  

Current year

 

 

1,171

 

 

298

 

 

1,522

 

 

404

Prior years

 

 

219

 

 

1,249

 

 

1,101

 

 

3,292

Total payments

 

 

1,390

 

 

1,547

 

 

2,623

 

 

3,696

Reserve for losses and loss adjustment expense net of reinsurance recoverables at end of period

 

 

7,087

 

 

1,428

 

 

7,087

 

 

1,428

Add: Reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period

 

 

17,129

 

 

13,202

 

 

17,129

 

 

13,202

Reserve for losses and loss adjustment expenses gross of reinsurance recoverables on unpaid losses and loss adjustment expenses at end of period

 

$

24,216

 

$

14,630

 

$

24,216

 

$

14,630