Reserves for Losses and Loss Settlement Expenses (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

The following table provides an analysis of changes in our property and casualty losses and loss settlement expense reserves at September 30, 2017 and December 31, 2016 (net of reinsurance amounts):




	September 30, 2017			December 31, 2016
Gross liability for losses and loss settlement expenses at beginning of year	$	1,123,896		$	1,003,895
Ceded losses and loss settlement expenses	(59,794		)	(54,653		)
Net liability for losses and loss settlement expenses at beginning of year	$	1,064,102		$	949,242
Losses and loss settlement expenses incurred for claims occurring during
Current year	$	606,344		$	683,662
Prior years	(37,988		)	(31,229		)
Total incurred	$	568,356		$	652,433
Losses and loss settlement expense payments for claims occurring during
Current year	$	212,591		$	277,053
Prior years	247,608			260,520
Total paid	$	460,199		$	537,573
Net liability for losses and loss settlement expenses at end of year	$	1,172,259		$	1,064,102
Ceded loss and loss settlement expenses	65,021			59,794
Gross liability for losses and loss settlement expenses at end of period	$	1,237,280		$	1,123,896