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Insurance Activity (Tables)
6 Months Ended
Jun. 30, 2013
Insurance [Abstract]  
Schedule of Premiums Assumed and Earned

Premiums assumed and earned are as follows for the periods ended June 30, 2013 and 2012 respectively:

 

     Successor     Successor      Successor     Successor            Predecessor  
     Three Months
Ended June 30,
2013
    Three Months
Ended June 30,
2012
     Six Months
Ended June 30,
2013
    Period from
March 20, 2012
through
June 30, 2012
           Period from
January 1,
2012 through
March 19,
2012
 

Premiums assumed

   $ 3,189      $ 5,224       $ 6,562      $ 6,235            $ 6,130   

Change in unearned premiums

     (1,455     44         (1,423     52              47   
  

 

 

   

 

 

    

 

 

   

 

 

         

 

 

 

Premiums earned

   $ 1,734      $ 5,268       $ 5,139      $ 6,287            $ 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 June 30, 2013 and December 31, 2012:

 

     June 30,
2013
     December 31,
2012
 

Case-basis reserves

   $ 54,295       $ 66,173   

IBNR reserves

     1,022         1,298   

Premium deficit reserves

     10,711         15,053   
  

 

 

    

 

 

 

Total

   $ 66,028       $ 82,524   
  

 

 

    

 

 

Summary of Losses and Loss Adjustment Reserve Activity

Losses and loss adjustment reserve activity are as follows for the six months ended June 30, 2013 and the year ended December 31, 2012:

 

     June 30,
2013
    December 31,
2012
 

Balance at beginning of period

   $ 82,524      $ 142,119   

Incurred - prior periods

     (1,300     30,111   

Paid - prior periods

     (15,196     (89,706
  

 

 

   

 

 

 

Total

   $ 66,028      $ 82,524