Liability for Unpaid Loss and Loss Adjustment Expense (Tables)

6 Months Ended

Jun. 30, 2014

Liability for Unpaid Loss and Loss Adjustment Expense

Rollforward of Liability for Unpaid Loss and Loss Adjustment Expense

		Six months ended June 30,				Three months ended June 30,
		2014		2013		2014		2013
Reserves at beginning of period		$	3,902,132	$	3,767,850	$	3,847,417	$	3,774,162
Less reinsurance recoverables on reserves			1,122,731		1,018,047		1,098,576		1,012,920
	Net reserves at beginning of period		2,779,401		2,749,803		2,748,841		2,761,242
Net loss and loss adjustment expense			648,938		672,171		327,094		339,474
Net loss and loss adjustment expense payments			(674,070)		(586,326)		(319,114)		(286,797)
Foreign currency adjustment			5,979		(24,627)		3,427		(2,898)
	Net reserves at end of period		2,760,248		2,811,021		2,760,248		2,811,021
Plus reinsurance recoverables on reserves			1,081,249		1,003,663		1,081,249		1,003,663
	Reserves at end of period	$	3,841,497	$	3,814,684	$	3,841,497	$	3,814,684