Unpaid Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2017

Unpaid Losses And Loss Adjustment Expenses Tables

Loss and loss adjustment expense reserves

The following table provides an analysis of Crusader’s loss and loss adjustment expense reserves, including a reconciliation of the beginning and ending balance sheet liability for the periods indicated:

	Nine Months Ended September 30
	2017		2016
Reserve for unpaid losses and loss adjustment expenses at January 1 – gross of reinsurance	$	47,055,787	$	49,093,571
Less reinsurance recoverable on unpaid losses and loss adjustment expenses		9,520,970		9,636,961
Reserve for unpaid losses and loss adjustment expenses at January 1 – net of reinsurance		37,534,817		39,456,610
Incurred losses and loss adjustment expenses:
Provision for insured events of current year		18,046,953		17,119,210
Development of insured events of prior years		6,304,798		863,141
Total incurred losses and loss adjustment expenses		24,351,751		17,982,351
Loss and loss adjustment expense payments:
Attributable to insured events of the current year		4,375,729		4,783,251
Attributable to insured events of prior years		16,335,178		12,487,969
Total payments		20,710,907		17,271,220
Reserve for unpaid losses and loss adjustment expenses at September 30 – net of reinsurance		41,175,661		40,167,741
Reinsurance recoverable on unpaid losses and loss adjustment expenses		11,890,854		9,653,714
Reserve for unpaid losses and loss adjustment expenses at September 30 – gross of reinsurance	$	53,066,515	$	49,821,455