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Loss Reserves (Tables)
6 Months Ended
Jun. 30, 2017
Insurance [Abstract]  
Rollforward of Liability for Unpaid Claims and Claim Adjustment Expenses, Net of Related Amounts Recoverable from Reinsurers

The following table provides a rollforward of the liability for unpaid claims and claim adjustment expenses, net of related amounts recoverable from reinsurers, for six months ended June 30, 2017 and 2016:

 

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

 

(in thousands)

 

Balance, beginning of period

 

$

742,776

 

 

$

718,033

 

Less amounts recoverable from reinsurers

     on unpaid loss and loss adjustment expenses

 

 

78,256

 

 

 

64,858

 

Net balance, beginning of period

 

 

664,520

 

 

 

653,175

 

Add incurred related to:

 

 

 

 

 

 

 

 

Current accident year

 

 

119,828

 

 

 

126,764

 

Prior accident years

 

 

(17,184

)

 

 

(30,877

)

Total incurred

 

 

102,644

 

 

 

95,887

 

Less paid related to:

 

 

 

 

 

 

 

 

Current accident year

 

 

15,298

 

 

 

12,479

 

Prior accident years

 

 

80,571

 

 

 

79,437

 

Total paid

 

 

95,869

 

 

 

91,916

 

Net balance, end of period

 

 

671,295

 

 

 

657,146

 

Add amounts recoverable from reinsurers

     on unpaid loss and loss adjustment expenses

 

 

78,464

 

 

 

68,403

 

Balance, end of period

 

$

749,759

 

 

$

725,549