XML 48 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)
6 Months Ended
Jun. 30, 2014
Reserves for Unpaid Losses and Loss Adjustment Expenses  
Schedule of information regarding the reserve for unpaid losses and loss adjustment expenses ("LAE")

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

 

 

 

Six Months Ended June 30,

 

 

 

2014

 

2013

 

 

 

 

 

 

 

Balance, beginning of period

 

$

27,468

 

$

34,012

 

Less reinsurance recoverables

 

(4,508

)

(10,385

)

Net balance, beginning of period

 

22,960

 

23,627

 

 

 

 

 

 

 

Incurred related to:

 

 

 

 

 

Current period

 

48,750

 

68,602

 

Prior periods

 

4,862

 

743

 

Total incurred

 

53,612

 

69,345

 

 

 

 

 

 

 

Payments related to:

 

 

 

 

 

Current period

 

(33,171

)

(44,678

)

Prior periods

 

(11,980

)

(11,604

)

Total payments

 

(45,151

)

(56,282

)

 

 

 

 

 

 

Net balance, end of period

 

31,421

 

36,690

 

Plus reinsurance recoverables

 

3,725

 

5,768

 

Balance, end of period

 

$

35,146

 

$

42,458