Changes in the liability for unpaid losses and LAE table |
The following table represents a reconciliation of changes in the liability for unpaid losses and LAE. | | | | | | | | | | | | Six Months Ended | | | June 30, | | | 2013 | | 2012 | | | (in thousands) | Unpaid losses and LAE, gross of reinsurance, at beginning of period | | $ | 2,231,540 |
| | $ | 2,272,363 |
| Less reinsurance recoverables for unpaid losses and LAE | | 805,386 |
| | 940,840 |
| Net unpaid losses and LAE at beginning of period | | 1,426,154 |
| | 1,331,523 |
| Losses and LAE, net of reinsurance, related to: | | |
| | |
| Current period | | 227,926 |
| | 176,145 |
| Prior periods | | 1,651 |
| | 1,054 |
| Total net losses and LAE incurred during the period | | 229,577 |
| | 177,199 |
| Deduct payments for losses and LAE, net of reinsurance, related to: | | |
| | |
| Current period | | 21,843 |
| | 18,520 |
| Prior periods | | 143,776 |
| | 128,460 |
| Total net payments for losses and LAE during the period | | 165,619 |
| | 146,980 |
| Ending unpaid losses and LAE, net of reinsurance | | 1,490,112 |
| | 1,361,742 |
| Reinsurance recoverable for unpaid losses and LAE | | 801,149 |
| | 920,047 |
| Unpaid losses and LAE, gross of reinsurance, at end of period | | $ | 2,291,261 |
| | $ | 2,281,789 |
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