Liability for Unpaid Loss and Loss Adjustment Expense (Tables)

3 Months Ended

Mar. 31, 2014

Liability for Unpaid Loss and Loss Adjustment Expense

Rollforward of Liability for Unpaid Loss and Loss Adjustment Expense

		Three months ended March 31,
		2014		2013
Reserves at beginning of year		$	3,902,132	$	3,767,850
Less reinsurance recoverables on reserves			1,122,731		1,018,047
	Net reserves at beginning of period		2,779,401		2,749,803
Net loss and loss adjustment expense			321,844		332,697
Net loss and loss adjustment expense payments			(354,956)		(299,529)
Foreign currency adjustment			2,552		(21,729)
	Net reserves at end of period		2,748,841		2,761,242
Plus reinsurance recoverables on reserves			1,098,576		1,012,920
	Reserves at end of period	$	3,847,417	$	3,774,162