Unpaid Claims and Claim Expenses (Tables)

9 Months Ended

Sep. 30, 2019

Reconciliation of property and casualty unpaid claims and claim expense

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



($ in thousands)	Three Months Ended September 30,					Nine Months Ended September 30,
	2019			2018		2019			2018
Property and Casualty
Beginning gross reserves⁽¹⁾	$	367,862		$	352,817	$	367,180		$	319,182
Less: reinsurance recoverables	77,345			62,883		89,725			57,409
Net reserves, beginning of period ⁽²⁾	290,517			289,934		277,455			261,773
Incurred claims and claim expenses:
Claims occurring in the current period	122,470			140,035		375,648			408,028
Decrease in estimated reserves for claims occurring in prior periods⁽³⁾	(3,500		)	—		(7,500		)	(300		)
Total claims and claim expenses incurred ⁽⁴⁾	118,970			140,035		368,148			407,728
Claims and claim expense payments for claims occurring during:
Current period	101,499			106,187		230,968			233,638
Prior periods	29,747			28,997		136,394			141,078
Total claims and claim expense payments	131,246			135,184		367,362			374,716
Net reserves, end of period⁽²⁾	278,241			294,785		278,241			294,785
Plus: reinsurance recoverables	76,526			63,262		76,526			63,262
Ending gross reserves⁽¹⁾	$	354,767		$	358,047	$	354,767		$	358,047

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⁽¹⁾	Unpaid claims and claim expenses as reported in the Consolidated Balance Sheets also include reserves for Supplemental, Life and Retirement of $57,505 thousand and $26,589 thousand as of September 30, 2019 and 2018, respectively, in addition to Property and Casualty 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.

⁽⁴⁾

Benefits, claims and settlement expenses as reported in the Consolidated Statements of Operations also include amounts for Supplemental, Life and Retirement of $35,221 thousand and $78,119 thousand for the three and nine month periods ended September 30, 2019, respectively, in addition to Property and Casualty amounts. Benefits, claims and settlement expenses for Life and Retirement were $21,811 thousand and $65,958 thousand for the three and nine month periods ended September 30, 2018, respectively.