Property and Casualty Unpaid Claims and Claim Expenses (Tables)

12 Months Ended

Dec. 31, 2015

Reconciliation of property and casualty unpaid claims and claim expenses

The end of the year gross reserve (before reinsurance) balances and the reinsurance recoverable balances are reflected on a gross basis in the Consolidated Balance Sheets.

	Year Ended December 31,
		2015			2014			2013
Property and casualty segment
Gross reserves, beginning of year (1)	$	311,097		$	275,809		$	274,542
Less: reinsurance recoverables		43,740			14,107			13,705
Net reserves, beginning of year (2)		267,357			261,702			260,837
Incurred claims and claim expenses:
Claims occurring in the current year		432,811			416,512			403,589
Decrease in estimated reserves for
claims occurring in prior years (3)		(12,500	)		(17,000	)		(17,988	)
Total claims and claim expenses incurred (4)		420,311			399,512			385,601
Claims and claim expense payments for claims occurring during:
Current year		294,449			273,699			265,831
Prior years		141,982			120,158			118,905
Total claims and claim expense payments		436,431			393,857			384,736
Net reserves, end of year (2)		251,237			267,357			261,702
Plus: reinsurance recoverables		50,332			43,740			14,107
Gross reserves, end of year (1)	$	301,569		$	311,097		$	275,809

(1)

Unpaid Claims and Claim Expenses as reported in the Consolidated Balance Sheets also include reserves for the life and annuity segments of $22,151, $14,687, $15,818 and $14,853 as of December 31, 2015, 2014, 2013 and 2012, respectively, in addition to property and casualty segment reserves.

(2)

Reserves net of anticipated reinsurance recoverables.

(3)

Shows the amounts by which the Company decreased its reserves in each of the periods indicated for claims occurring in previous periods to reflect subsequent information on such claims and changes in their projected final settlement costs. Also refer to the paragraphs below for additional information regarding the reserve development recorded in 2015, 2014 and 2013.

(4)

Benefits, claims and settlement expenses as reported in the Consolidated Statements of Operations also include amounts for the life and annuity segments of $76,053, $68,914 and $62,716 for the years ended December 31, 2015, 2014 and 2013, respectively, in addition to the property and casualty segment amounts.