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Insurance Activity (Tables)

3 Months Ended

Mar. 31, 2013

Premiums assumed and earned are as follows for the periods ended March 31, 2013 and 2012 respectively:


	Successor		Successor		Predecessor
	Three Months Ended March 31, 2013		Period from March 20, 2012 through March 31, 2012		Period from January 1, 2012 through March 19, 2012
Premiums assumed	$	3,374	$	1,011	$	6,130
Change in unearned premiums		31		8		47

Premiums earned	$	3,405	$	1,019	$	6,177

Components of Liability for Losses and Loss Adjustment Reserves

The components of the liability for losses and loss adjustment reserves are as follows as of March 31, 2013 and December 31, 2012:


	March 31, 2013		December 31, 2012
Case-basis reserves	$	61,755	$	66,173
IBNR reserves		1,591		1,298
Premium deficit reserves		15,053		15,053

Total	$	78,399	$	82,524

Summary of Losses and Loss Adjustment Reserve Activity

Losses and loss adjustment reserve activity are as follows for the three months ended March 31, 2013 and the year ended December 31, 2012:


	March 31, 2013			December 31, 2012
Balance at beginning of period	$	82,524		$	142,119
Incurred - prior periods		2,914			30,111
Paid - prior periods		(7,039	)		(89,706	)

Total	$	78,399		$	82,524

- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

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- Definition

The entire disclosure for the supplemental schedule of reinsurance information required to be filed for each period for which an audited income statement is presented. Reinsurance schedule includes the type of insurance, gross amount of premiums, premiums ceded to other companies, premiums assumed from other companies, net amount of premium revenue, and the percentage of the premiums assumed to net premium revenue.

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