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Loss Reserves (Tables)
6 Months Ended
Jun. 30, 2019
Insurance [Abstract]  
Liability for Unpaid Loss and Loss Adjustment Expenses, Net of Related Amounts Recoverable from Reinsurers

The following table provides the Company’s liability for unpaid loss and loss adjustment expenses, net of related amounts recoverable from reinsurers, for the six months ended June 30, 2019 and 2018:

 

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Balance, beginning of period

 

$

798,409

 

 

$

771,845

 

Less amounts recoverable from reinsurers

   on unpaid loss and loss adjustment expenses

 

 

107,216

 

 

 

84,889

 

Net balance, beginning of period

 

 

691,193

 

 

 

686,956

 

Add incurred related to:

 

 

 

 

 

 

 

 

Current accident year

 

 

121,727

 

 

 

126,060

 

Prior accident years

 

 

(23,245

)

 

 

(20,822

)

Total incurred

 

 

98,482

 

 

 

105,238

 

Less paid related to:

 

 

 

 

 

 

 

 

Current accident year

 

 

15,926

 

 

 

18,386

 

Prior accident years

 

 

77,362

 

 

 

84,194

 

Total paid

 

 

93,288

 

 

 

102,580

 

Net balance, end of period

 

 

696,387

 

 

 

689,614

 

Add amounts recoverable from reinsurers

   on unpaid loss and loss adjustment expenses

 

 

98,659

 

 

 

93,987

 

Balance, end of period

 

$

795,046

 

 

$

783,601