Historical Loss And LAE Development (Tables)

3 Months Ended

Mar. 31, 2021

Historical Loss And L A E Development Disclosure [Abstract]

Schedule of Reconciliation of Unpaid Losses and Settlement Expenses (LAE)

The following table is a reconciliation of our unpaid losses and settlement expenses (LAE) for the first three months of 2021 and 2020:

	For the Three Months
	Ended March 31,
(in thousands)	2021			2020
Unpaid losses and LAE at beginning of year
Gross	$	1,750,049		$	1,574,352
Ceded		(443,729	)		(384,517	)
Net	$	1,306,320		$	1,189,835
Adoption impact of ASU 2016-13 on reinsurance balances recoverable	$	—		$	(1,345	)
Increase (decrease) in incurred losses and LAE
Current accident year	$	142,013		$	126,194
Prior accident years		(37,121	)		(15,173	)
Total incurred	$	104,892		$	111,021
Loss and LAE payments for claims incurred
Current accident year	$	(5,962	)	$	(9,295	)
Prior accident years		(64,896	)		(81,897	)
Total paid	$	(70,858	)	$	(91,192	)
Net unpaid losses and LAE at March 31	$	1,340,354		$	1,208,319
Unpaid losses and LAE at March 31
Gross	$	1,795,275		$	1,574,760
Ceded		(454,921	)		(366,441	)
Net	$	1,340,354		$	1,208,319