Reserves for Losses and Loss Settlement Expenses (Tables)

6 Months Ended

Jun. 30, 2020

Changes in Property and Casualty Losses and Loss Settlement Expense Reserves

The following table provides an analysis of changes in our property and casualty losses and loss settlement expense reserves at June 30, 2020 and December 31, 2019 (net of reinsurance amounts):



	June 30, 2020		December 31, 2019
Gross liability for losses and loss settlement expenses at beginning of year	$	1,421,754	$	1,312,483
Ceded losses and loss settlement expenses	(68,536)		(57,094)
Net liability for losses and loss settlement expenses at beginning of year	$	1,353,218	$	1,255,389
Losses and loss settlement expenses incurred for claims occurring during
Current year	$	415,246	$	835,507
Prior years	(23,770)		(5,335)
Total incurred	$	391,476	$	830,172
Losses and loss settlement expense payments for claims occurring during
Current year	$	143,828	$	333,975
Prior years	246,197		398,368
Total paid	$	390,025	$	732,343
Net liability for losses and loss settlement expenses at end of year	$	1,354,669	$	1,353,218
Ceded loss and loss settlement expenses	123,020		68,536
Gross liability for losses and loss settlement expenses at end of period	$	1,477,689	$	1,421,754