Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses

6 Months Ended

Jun. 30, 2019

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses [Abstract]

Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses

Note 5. Liabilities for Unpaid Losses, Claims and Loss Adjustment Expenses

The roll-forward of liabilities for unpaid losses, claims and loss adjustment expenses is as follows:

	Six Months Ended June 30,
	2019			2018
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, gross	$	72,612		$	65,689
Less: Reinsurance recoverable on unpaid losses		(14,354	)		(11,968	)
Beginning liabilities for unpaid losses, claims and loss adjustment expenses, net		58,258			53,721
Incurred related to:
Current accident year		68,157			63,230
Prior accident year development		103			(163	)
Total incurred		68,260			63,067
Paid related to:
Current accident year		38,875			36,508
Prior accident years		28,576			22,872
Total paid		67,451			59,380
Ending liabilities for unpaid losses, claims and loss adjustment expenses, net		59,067			57,408
Plus: Reinsurance recoverable on unpaid losses		16,088			14,667
Ending liabilities for unpaid losses, claims and loss adjustment expenses, gross	$	75,155		$	72,075

Following is a reconciliation of total incurred losses to total insurance benefits and losses incurred:

	Six Months Ended June 30,
	2019		2018
Total incurred losses	$	68,260	$	63,067
Cash surrender value and matured endowments		588		707
Benefit reserve changes		610		1,617
Total insurance benefits and losses incurred	$	69,458	$	65,391