RESERVES FOR LOSSES AND LOSS SETTLEMENT EXPENSES (Tables)

12 Months Ended

Dec. 31, 2014

Change in Property and Casualty Loss and Loss Settlement Expense Reserve

The following table provides an analysis of changes in our property and casualty losses and loss settlement expense reserves for 2014, 2013 and 2012 (net of reinsurance amounts):




Years Ended December 31,	2014			2013			2012
Gross liability for losses and loss settlement expenses at beginning of year	$	960,651		$	971,911		$	945,051
Ceded losses and loss settlement expenses	(75,150		)	(103,870		)	(120,359		)
Net liability for losses and loss settlement expenses at beginning of year	$	885,501		$	868,041		$	824,692
Losses and loss settlement expenses incurred for claims occurring during
Current year	$	566,555		$	494,841		$	512,564
Prior years	(56,744		)	(57,487		)	(73,427		)
Total incurred	$	509,811		$	437,354		$	439,137
Losses and loss settlement expense payments for claims occurring during
Current year	$	247,651		$	203,868		$	201,632
Prior years	241,981			216,026			194,156
Total paid	$	489,632		$	419,894		$	395,788
Net liability for losses and loss settlement expenses at end of year	$	905,680		$	885,501		$	868,041
Ceded loss and loss settlement expenses	63,757			75,150			103,870
Gross liability for losses and loss settlement expenses at end of year	$	969,437		$	960,651		$	971,911