Reserves for Losses and Loss Settlement Expenses (Tables)

6 Months Ended

Jun. 30, 2021

Summary of 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, 2021 and December 31, 2020 (net of reinsurance amounts):



	June 30, 2021		December 31, 2020
Gross liability for losses and loss settlement expenses at beginning of year	$	1,578,131	$	1,421,754
Ceded losses and loss settlement expenses	(131,843)		(68,536)
Net liability for losses and loss settlement expenses at beginning of year	$	1,446,288	$	1,353,218
Losses and loss settlement expenses incurred for claims occurring during
Current year	$	373,561	$	887,119
Prior years	(15,024)		(17,652)
Total incurred	$	358,537	$	869,467
Losses and loss settlement expense payments for claims occurring during
Current year	$	116,385	$	354,635
Prior years	234,863		421,762
Total paid	$	351,248	$	776,397
Net liability for losses and loss settlement expenses at end of year	$	1,453,577	$	1,446,288
Ceded loss and loss settlement expenses	114,876		131,843
Gross liability for losses and loss settlement expenses at end of period	$	1,568,453	$	1,578,131