Reserve for Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2017

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Analysis of losses and loss adjustment expenses and reconciliation of beginning and ending reserve balances

The following table represents an analysis of losses and loss adjustment expenses and a reconciliation of the beginning and ending reserve for losses and loss adjustment expenses:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Reserve for losses and loss adjustment expenses at beginning of period	$	10,296,821		$	9,378,987		$	10,200,960		$	9,125,250
Unpaid losses and loss adjustment expenses recoverable	2,095,130			1,937,724			2,083,575			1,828,837
Net reserve for losses and loss adjustment expenses at beginning of period	8,201,691			7,441,263			8,117,385			7,296,413
Net incurred losses and loss adjustment expenses relating to losses occurring in:
Current year	759,261			670,381			1,395,037			1,249,359
Prior years	(69,401		)	(85,789		)	(152,607		)	(141,818		)
Total net incurred losses and loss adjustment expenses	689,860			584,592			1,242,430			1,107,541
Net foreign exchange losses (gains)	75,295			(48,328		)	106,574			(14,733		)
Net paid losses and loss adjustment expenses relating to losses occurring in:
Current year	(80,499		)	(107,957		)	(115,502		)	(157,036		)
Prior years	(482,046		)	(401,691		)	(946,586		)	(764,306		)
Total net paid losses and loss adjustment expenses	(562,545		)	(509,648		)	(1,062,088		)	(921,342		)
Net reserve for losses and loss adjustment expenses at end of period	8,404,301			7,467,879			8,404,301			7,467,879
Unpaid losses and loss adjustment expenses recoverable	2,116,210			2,003,768			2,116,210			2,003,768
Reserve for losses and loss adjustment expenses at end of period	$	10,520,511		$	9,471,647		$	10,520,511		$	9,471,647