Loss And Loss Adjustment Expense Reserves (Tables)

6 Months Ended

Jun. 30, 2020

Insurance Loss Reserves [Abstract]

Activity In The Reserves For Losses And Loss Adjustment Expenses

The following table presents the activity in loss and loss adjustment expense reserves:

	Six Months Ended June 30,
	2020		2019
	(Amounts in thousands)
Gross reserves, beginning of period	$	1,921,255	$	1,829,412
Reinsurance recoverables on unpaid losses, beginning of period	(76,100)		(180,859)
Cumulative effect of adopting ASU 2016-13 for reinsurance recoverables on unpaid losses (1)	149		—
Reinsurance recoverables on unpaid losses, beginning of period, as adjusted	(75,951)		(180,859)
Net reserves, beginning of period, as adjusted	1,845,304		1,648,553
Incurred losses and loss adjustment expenses related to:
Current year	1,119,502		1,276,235
Prior years	27,468		10,758
Total incurred losses and loss adjustment expenses	1,146,970		1,286,993
Loss and loss adjustment expense payments related to:
Current year	563,921		701,282
Prior years	612,773		557,457
Total payments	1,176,694		1,258,739
Net reserves, end of period	1,815,580		1,676,807
Reinsurance recoverables on unpaid losses, end of period	49,530		107,117
Gross reserves, end of period	$	1,865,110	$	1,783,924

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(1) See Note 1 for additional information on adoption of ASU 2016-13.