Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2019

Reserves for Unpaid Losses and Loss Adjustment Expenses [Abstract]

Summary of Activity in Reserves for Unpaid Losses and LAE

Activity in the consolidated reserves for unpaid losses and LAE is summarized as follows (in thousands):

	June 30,		June 30,
	2019		2018
Balance at January 1	$	527,247		527,100
Less reinsurance recoverable		221,716		154,612
Net balance at January 1		305,531		372,488
Incurred related to:
Current year		141,909		122,870
Prior years		1,404		4,453
Total incurred		143,313		127,323
Paid related to:
Current year		38,563		28,321
Prior years		107,899		140,339
Total paid		146,462		168,660
Net balance at June 30		302,382		331,151
Plus reinsurance recoverable		249,161		189,401
Balance at June 30	$	551,543	$	520,552

Impact of Net Prior Years Loss Development by Segment

	June 30,
	2019		2018
Specialty Commercial Segment	$	5,203	$	6,861
Standard Commercial Segment		(3,583)		(1,560)
Personal Segment		(216)		(848)
Corporate		—		—
Total (favorable) net prior year development	$	1,404	$	4,453