RESERVES FOR LOSS AND LOSS SETTLEMENT EXPENSES (Tables)

12 Months Ended

Dec. 31, 2013

Change in Property and Casualty Loss and Loss Settlement Expense Reserve

The following table provides an analysis of changes in our property and casualty loss and loss settlement expense reserves for 2013, 2012 and 2011 (net of reinsurance amounts):




Years Ended December 31,	2013			2012			2011
Gross liability for losses and loss settlement expenses at beginning of year	$	971,911		$	945,051		$	603,090
Ceded loss and loss settlement expenses	(103,870		)	(120,359		)	(39,000		)
Net liability for losses and loss settlement expenses at beginning of year	$	868,041		$	824,692		$	564,090
Reserves acquired in Mercer Insurance Group acquisition, net	—			—			252,598
Beginning balance, as adjusted	$	868,041		$	824,692		$	816,688
Losses and loss settlement expenses incurred for claims occurring during
Current year	$	494,841		$	512,564		$	468,926
Prior years	(57,487		)	(73,427		)	(61,095		)
Total incurred	$	437,354		$	439,137		$	407,831
Losses and loss settlement expense payments for claims occurring during
Current year	$	203,868		$	201,632		$	253,175
Prior years	216,026			194,156			146,653
Total paid	$	419,894		$	395,788		$	399,828
Net liability for losses and loss settlement expenses at end of year	$	885,501		$	868,041		$	824,692
Ceded loss and loss settlement expenses	75,150			103,870			120,359
Gross liability for losses and loss settlement expenses at end of year	$	960,651		$	971,911		$	945,051