Reserves for Losses and Loss Settlement Expenses (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31, 2018 and December 31, 2017 (net of reinsurance amounts):




	March 31, 2018			December 31, 2017
Gross liability for losses and loss settlement expenses at beginning of year	$	1,224,183		$	1,123,896
Ceded losses and loss settlement expenses	(59,871		)	(59,794		)
Net liability for losses and loss settlement expenses at beginning of year	$	1,164,312		$	1,064,102
Losses and loss settlement expenses incurred for claims occurring during
Current year	$	182,783		$	779,966
Prior years	(38,055		)	(54,253		)
Total incurred	$	144,728		$	725,713
Losses and loss settlement expense payments for claims occurring during
Current year	$	44,734		$	311,972
Prior years	104,319			313,531
Total paid	$	149,053		$	625,503
Net liability for losses and loss settlement expenses at end of year	$	1,159,987		$	1,164,312
Ceded loss and loss settlement expenses	59,994			59,871
Gross liability for losses and loss settlement expenses at end of period	$	1,219,981		$	1,224,183