HISTORICAL LOSS AND LAE DEVELOPMENT (Tables)

3 Months Ended

Mar. 31, 2019

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)	2019		2018
Unpaid losses and LAE at beginning of year
Gross	$	1,461,348	$	1,271,503
Ceded		(364,999)		(301,991)
Net	$	1,096,349	$	969,512
Increase (decrease) in incurred losses and LAE
Current accident year	$	113,930	$	107,011
Prior accident years		(19,633)		(14,590)
Total incurred	$	94,297	$	92,421
Loss and LAE payments for claims incurred
Current accident year	$	(5,531)	$	(3,384)
Prior accident year		(70,145)		(64,121)
Total paid	$	(75,676)	$	(67,505)
Net unpaid losses and LAE at March 31,	$	1,114,970	$	994,428
Unpaid losses and LAE at March 31,
Gross	$	1,479,344	$	1,303,131
Ceded		(364,374)		(308,703)
Net	$	1,114,970	$	994,428