XML 56 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
Insurance Activity (Tables)
12 Months Ended
Dec. 31, 2014
Insurance [Abstract]  
Schedule of Premiums Assumed and Earned

Premiums assumed and earned are as follows for the periods ended December 31, 2014, 2013 and 2012, respectively:

 

 

Successor

 

 

 

Predecessor

 

 

Year ended

 

 

Year ended

 

 

Period from March 20 through

 

 

 

Period from January 1, 2012 through

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

March 19,

 

 

2014

 

 

2013

 

 

2012

 

 

 

2012

 

Premiums assumed

$

6,869

 

 

$

12,115

 

 

$

14,210

 

 

 

$

6,130

 

Change in unearned premiums

 

300

 

 

 

(1,169

)

 

 

184

 

 

 

 

47

 

Premiums earned

$

7,169

 

 

$

10,946

 

 

$

14,394

 

 

 

$

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 December 31, 2014, 2013 and 2012, respectively:

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

2014

 

 

2013

 

 

2012

 

Case-basis reserves

$

16,538

 

 

$

41,159

 

 

$

66,173

 

IBNR reserves

 

110

 

 

 

713

 

 

 

1,298

 

Premium deficiency reserves

 

2,299

 

 

 

2,442

 

 

 

15,053

 

Total losses and loss adjustment reserves

$

18,947

 

 

$

44,314

 

 

$

82,524

 

 

Summary of Losses and Loss Adjustment Reserve Activity

 

Losses and loss adjustment reserve activity are as follows for the years ended December 31, 2014, 2013 and 2012, respectively:

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

2014

 

 

2013

 

 

2012

 

Balance at beginning of period

$

44,314

 

 

$

82,524

 

 

$

142,119

 

Incurred (released) - prior periods

 

3,281

 

 

 

(6,159

)

 

 

30,111

 

Paid - prior periods

 

(28,648

)

 

 

(32,051

)

 

 

(89,706

)

Total losses and loss adjustment reserves

$

18,947

 

 

$

44,314

 

 

$

82,524