Loss and Loss Expense Reserves (Tables)

9 Months Ended

Sep. 30, 2017

Loss and Loss Expense Reserves [Abstract]

Summary of activity in reserves for losses and loss expenses

Activity in the reserves for losses and loss expenses for the nine months ended September 30, 2017 and 2016 is summarized as follows.  All amounts are shown net of reinsurance, unless otherwise indicated.

	2017		2016
Reserves, gross of reinsurance
recoverable, at the beginning of the year	$	576,330	$	513,596
Reinsurance recoverable on unpaid losses at the beginning of the year		251,563		211,843
Reserves at the beginning of the year		324,767		301,753
Provision for losses and loss expenses:
Claims occurring during the current period		164,546		129,404
Claims occurring during prior periods		16,480		8,712
Total incurred		181,026		138,116
Loss and loss expense payments:
Claims occurring during the current period		41,616		30,932
Claims occurring during prior periods		109,616		81,427
Total paid		151,232		112,359
Reserves at the end of the period		354,561		327,510
Reinsurance recoverable on unpaid losses at the end of the period		301,445		238,049
Reserves, gross of reinsurance
recoverable, at the end of the period	$	656,006	$	565,559