Loss Reserves (Tables)

6 Months Ended

Jun. 30, 2020

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, 2020 and 2019:

	Six Months Ended June 30,
	2020			2019
	(in thousands)
Balance, beginning of period	$	772,887		$	798,409
Less amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		95,343			107,216
Net balance, beginning of period		677,544			691,193
Add incurred related to:
Current accident year		112,342			121,727
Prior accident years		(31,165	)		(23,245	)
Total incurred		81,177			98,482
Less paid related to:
Current accident year		13,629			15,926
Prior accident years		78,303			77,362
Total paid		91,932			93,288
Net balance, end of period		666,789			696,387
Add amounts recoverable from reinsurers    on unpaid loss and loss adjustment expenses		101,978			98,659
Balance, end of period	$	768,767		$	795,046

Change in Allowance for Credit Losses on Amounts Recoverable from Reinsurers

The table below presents the change in the allowance for credit losses on amounts recoverable from reinsurers for the three and six months ended June 30, 2020.

	Three Months Ended June 30,			Six Months Ended June 30,
	2020			2020
	(in thousands)
Balance, beginning of period	$	449		$	444
Provision for credit loss benefit		(61	)		(56	)
Balance, end of period	$	388		$	388