Unpaid losses and LAE (Tables)

3 Months Ended

Mar. 31, 2015

Unpaid losses and LAE [Abstract]

Summary of activity in the liability for unpaid losses and LAE

Activity in the liability for unpaid losses and LAE is summarized as follows.

	Period Ending
	March 31, 2015			December 31, 2014
	(Dollars in Thousands)
Balance at January 1	$	78,330		$	61,016
Less reinsurance recoverables		(12,534	)		(2,742	)
Net balance at January 1	$	65,796		$	58,274
Incurred related to
Current year	$	28,180		$	79,932
Prior years		(4,231	)		1,104
Total incurred	$	23,949		$	81,036
Paid related to
Current year	$	6,908		$	42,391
Prior years		11,396			31,123
Total paid	$	18,304		$	73,514
Net balance at period end	$	71,441		$	65,796
Plus reinsurance recoverables		13,034			12,534
Balance as of period end	$	84,475		$	78,330