Losses and Loss Adjustment Expenses Incurred and Paid (Tables)

9 Months Ended

Sep. 30, 2016

Insurance [Abstract]

Information Regarding the Reserve for Unpaid Losses and Loss Adjustment Expenses

Information regarding the reserve for unpaid losses and loss adjustment expenses (“LAE”) is as follows (in thousands).

	Nine Months Ended
	September 30,
	2016			2015
Liability for unpaid losses and LAE at beginning of period, gross	$	122,071		$	96,613
Reinsurance balances receivable		(464	)		(362	)
Liability for unpaid losses and LAE at beginning of period, net		121,607			96,251
Add: Provision for losses and LAE:
Current period		217,802			159,686
Prior periods		27,460			618
Net losses and LAE incurred		245,262			160,304
Less: Losses and LAE paid:
Current period		111,307			87,280
Prior periods		91,703			54,697
Net losses and LAE paid		203,010			141,977
Liability for unpaid losses and LAE at end of period, net		163,859			114,578
Reinsurance balances receivable		841			431
Liability for unpaid losses and LAE at end of period, gross	$	164,700		$	115,009