Reserves for Losses and Loss Settlement Expenses (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 and December 31, 2021 (net of reinsurance amounts):



	March 31, 2022		December 31, 2021
Gross liability for losses and loss settlement expenses at beginning of year	$	1,514,265	$	1,578,131
Ceded losses and loss settlement expenses	(112,900)		(131,843)
Net liability for losses and loss settlement expenses at beginning of year	$	1,401,365	$	1,446,288
Losses and loss settlement expenses incurred for claims occurring during
Current year	$	137,090	$	701,064
Prior years	(6,714)		(48,909)
Total incurred	$	130,376	$	652,155
Losses and loss settlement expense payments for claims occurring during
Current year	$	23,423	$	277,115
Prior years	144,042		419,963
Total paid	$	167,465	$	697,078
Net liability for losses and loss settlement expenses at end of year	$	1,364,276	$	1,401,365
Ceded loss and loss settlement expenses	123,714		112,900
Gross liability for losses and loss settlement expenses at end of period	$	1,487,991	$	1,514,265