HISTORICAL LOSS AND LAE DEVELOPMENT (Tables)

3 Months Ended

Mar. 31, 2017

HISTORICAL LOSS AND LAE DEVELOPMENT

Schedule of reconciliation of unpaid losses and settlement expenses (LAE)

	For the Three-Month Periods
	Ended March 31,
(in thousands)	2017		2016
Unpaid losses and LAE at beginning of year
Gross	$	1,139,337	$	1,103,785
Ceded		(288,224)		(297,844)
Net	$	851,113	$	805,941
Increase (decrease) in incurred losses and LAE
Current accident year	$	99,249	$	95,161
Prior accident years		(5,859)		(13,990)
Total incurred	$	93,390	$	81,171
Loss and LAE payments for claims incurred
Current accident year	$	(3,395)	$	(4,405)
Prior accident year		(60,427)		(58,584)
Total paid	$	(63,822)	$	(62,989)
Net unpaid losses and LAE at March 31,	$	880,681	$	824,123
Unpaid losses and LAE at March 31,
Gross	$	1,152,027	$	1,121,363
Ceded		(271,346)		(297,240)
Net	$	880,681	$	824,123