Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2020

Insurance [Abstract]

Change in Liability for Unpaid Losses and LAE

Set forth in the following table is the change in liability for unpaid losses and LAE for the periods presented (in thousands):

	Three Months Ended March 31,
	2020		2019
Balance at beginning of period	$	267,760	$	472,829
Less: Reinsurance recoverable	(123,221)		(393,365)
Net balance at beginning of period	144,539		79,464
Incurred (recovered) related to:
Current year	130,707		113,279
Prior years	4,341		(185)
Total incurred	135,048		113,094
Paid related to:
Current year	61,778		34,549
Prior years	87,989		60,724
Total paid	149,767		95,273
Net balance at end of period	129,820		97,285
Plus: Reinsurance recoverable	66,158		269,071
Balance at end of period	$	195,978	$	366,356