Liability for Unpaid Loss and Loss Adjustment Expense (Tables)

3 Months Ended

Mar. 31, 2015

Liability for Unpaid Loss and Loss Adjustment Expense

Rollforward of Liability for Unpaid Loss and Loss Adjustment Expense

		Three months ended March 31,
		2015		2014
Reserves at beginning of period		$	3,728,085	$	3,902,132
Less reinsurance recoverables on reserves			1,070,463		1,122,731
	Net reserves at beginning of period		2,657,622		2,779,401
Net reserve additions from acquired business			9,386		-
Net loss and loss adjustment expense			365,162		330,746
Net loss and loss adjustment expense payments			(388,538)		(363,858)
Foreign currency adjustment			(32,951)		2,552
	Net reserves at end of period		2,610,681		2,748,841
Plus reinsurance recoverables on reserves			1,082,484		1,098,576
	Reserves at end of period	$	3,693,165	$	3,847,417