HISTORICAL LOSS AND LAE DEVELOPMENT (Tables)

9 Months Ended

Sep. 30, 2017

HISTORICAL LOSS AND LAE DEVELOPMENT

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

	For the Nine-Month Periods
	Ended September 30,
(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	$	343,535	$	288,749
Prior accident years		(36,608)		(29,410)
Total incurred	$	306,927	$	259,339
Loss and LAE payments for claims incurred
Current accident year	$	(37,333)	$	(36,972)
Prior accident year		(158,052)		(170,313)
Total paid	$	(195,385)	$	(207,285)
Net unpaid losses and LAE at September 30,	$	962,655	$	857,995
Unpaid losses and LAE at September 30,
Gross	$	1,253,729	$	1,150,938
Ceded		(291,074)		(292,943)
Net	$	962,655	$	857,995