Unpaid Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2019

Unpaid Losses And Loss Adjustment Expenses

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:

	Six Months Ended June 30
	2019		2018
Reserve for unpaid losses and loss adjustment expenses at January 1 – gross of reinsurance	$	51,657,155	$	49,076,991
Less reinsurance recoverable on unpaid losses and loss adjustment expenses		9,531,602		8,393,550
Reserve for unpaid losses and loss adjustment expenses at January 1 – net of reinsurance		42,125,553		40,683,441
Incurred losses and loss adjustment expenses:
Provision for insured events of current year		9,685,514		10,661,378
Development of insured events of prior years		527,880		2,069,582
Total incurred losses and loss adjustment expenses		10,213,394		12,730,960
Loss and loss adjustment expense payments:
Attributable to insured events of the current year		2,670,068		2,819,187
Attributable to insured events of prior years		10,978,401		9,333,811
Total payments		13,648,469		12,152,998
Reserve for unpaid losses and loss adjustment expenses at June 30 – net of reinsurance		38,690,478		41,261,403
Reinsurance recoverable on unpaid losses and loss adjustment expenses		11,139,312		8,804,650
Reserve for unpaid losses and loss adjustment expenses at June 30 – gross of reinsurance	$	49,829,790	$	50,066,053