Unpaid Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2020

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
	2020		2019
Reserve for unpaid losses and loss adjustment expenses at January 1 – gross of reinsurance	$	55,066,480	$	51,657,155
Less reinsurance recoverable on unpaid losses and loss adjustment expenses		14,725,855		9,531,602
Reserve for unpaid losses and loss adjustment expenses at January 1 – net of reinsurance		40,340,625		42,125,553
Incurred losses and loss adjustment expenses:
Provision for insured events of current year		10,539,635		9,685,514
Development of insured events of prior years		226,656		527,880
Total incurred losses and loss adjustment expenses		10,766,291		10,213,394
Loss and loss adjustment expense payments:
Attributable to insured events of the current year		3,266,570		2,670,068
Attributable to insured events of prior years		8,769,575		10,978,401
Total payments		12,036,145		13,648,469
Reserve for unpaid losses and loss adjustment expenses at June 30 – net of reinsurance		39,070,771		38,690,478
Reinsurance recoverable on unpaid losses and loss adjustment expenses		15,806,548		11,139,312
Reserve for unpaid losses and loss adjustment expenses at June 30 – gross of reinsurance	$	54,877,319	$	49,829,790