HISTORICAL LOSS AND LAE DEVELOPMENT (Tables)

9 Months Ended

Sep. 30, 2018

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)	2018		2017
Unpaid losses and LAE at beginning of year
Gross	$	1,271,503	$	1,139,337
Ceded		(301,991)		(288,224)
Net	$	969,512	$	851,113
Increase (decrease) in incurred losses and LAE
Current accident year	$	342,807	$	343,535
Prior accident years		(38,502)		(36,608)
Total incurred	$	304,305	$	306,927
Loss and LAE payments for claims incurred
Current accident year	$	(45,008)	$	(37,333)
Prior accident year		(171,725)		(158,052)
Total paid	$	(216,733)	$	(195,385)
Net unpaid losses and LAE at September 30,	$	1,057,084	$	962,655
Unpaid losses and LAE at September 30,
Gross	$	1,377,111	$	1,253,729
Ceded		(320,027)		(291,074)
Net	$	1,057,084	$	962,655